Onshore Company Formation in Dubai
Onshore company incorporation in UAE
Onshore LLC Company
Typically, companies incorporated on the UAE mainland are LLCs – Limited Liability Companies. LLCs in the UAE are not restricted in terms of trade location within the UAE and GCC, real estate ownership or the number of visas that can be obtained. There are also no minimum share capital requirements and mainland companies are exempt from the standard 5% import duty.
The licensing authority for LLCs is the Department of Economic Development (DED), who are also the regulator in terms of permitted economic activity for LLCs.
Benefits of LLC Companies
There are a number of reasons to incorporate a company in the UAE as an onshore LLC company.
Companies incorporating as onshore LLCs in the UAE are not restricted in terms of their location of operation; they can operate anywhere in the UAE or GCC, and within free zones. Therefore, the options for a physical presence in the country are far greater than with a free zone company.
Onshore companies have no restrictions of the number of visas that can be obtained. This allows you greater freedom with personnel, but you also have access to a highly-skilled and motivated UAE workforce.
Onshore LLCs can easily open a bank account in the UAE, with multiple currencies supported for greater financial freedom. The compliance process at the banks is far easier than with Free Zone or Offshore company.
Onshore LLCs benefit from 0% income tax. It is also very quick to incorporate; Alpha Citizen can act as your consultants and ensure that the predicted lead time is only 2-3 days.
- NO LOCATION RESTRICTION
- You can operate anywhere in the UAE or GCC.
- REAL ESTATE ADVANTAGES
- A greater choice within larger areas.
- NO VISA RESTRICITONS
- Unlimited visas can be applied for.
- ACCESS TO SKILLED WORKFORCE
- Benefits of employing UAE-based workforce are numerous.
- ACCESS TO UAE BANK ACCOUNT
- Fast and easy compliance process and multiple currencies supported.
- HIGH LEVEL OF ANONYMITY
- Benefit from excellent levels of privacy in the region, and high-quality Internet banking services.
- 0% INCOME TAX
- Income from your company is protected from tax.
- FAST INCORPORATION
- Average lead time is only 2-3 days.
FREE E-BOOK: INCORPORATE YOUR ONSHORE COMPANY IN THE UAE
Explore 0% taxation and other benefits of the United Arab Emirates!
Types of License for Onshore Companies
These licenses are a requirement if your business will be transporting and storing goods for the intention of wholesale, retail or any other profit-generating activity.
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1.
Trade License
A trade license is required for all trading activities within the UAE. These licenses are a requirement if your business will be transporting and storing goods for the intention of wholesale, retail or any other profit-generating activity.
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2.
Industrial License
This license allows a business to invest in natural resources and conversion of raw materials for manufacturing purposes, including packing and distribution of finished products.
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3.
Professional License
Professional licenses cover consulting, accounting, medical, educational and other services. This license covers service-based activities that rely o physical or mental exertion, rather than capital and/or machinery.