Company Formation in Dubai

Company formation involves the method of registering a business with legal authorities. Starting a business in Dubai is made easy with the help of some organizations help their clients with company formation and company registration. If it is your first time starting a company in Dubai the services provided by these organizations will be highly beneficial for you. Clients can look forward to set up two types of business in Dubai which are free zone company and offshore company.

A free zone company formation entitles 100% ownership to the person who sets it up. This company can be formed by only one individual, it entitles the owner to open a bank account in Dubai and subsidizes renewal cost. The owner of a free zone company can perform multiple activities, hold multiple assets and are exempted from paying taxes. An offshore company formation refers to a business which operates outside its boundaries. Setting up an offshore company involves no minimum capital and no need to set up an office facility. The new international standards imply that all offshore companies need to assign one director per company, maintain financial records and issue an annual report after auditing.

An organization that helps clients with company formation provides consultancy services which help the client decide the type of structure to suit your business. They draft documents, assemble files, manage submissions, notorisations and legalisations. They also help clients in obtaining visas, work permits and monitor the processing of Emirates ID. Some popular locations to get in touch with organizations which provide company formation services in Dubai are Sheikh Zayed road, Al Manara tower, AL Abraj Street, Al Rigga, Deira, Karama and Business bay.