Company Set-up

Launch your business in UAE

Have a safe flight to success

When you want to start your business in Dubai and the other Emirates of UAE or anywhere in the world, it is challenging to understand what are the choices and opportunities available for the companies that can be created and to regularize your new business.

We accompany entrepreneurs to establish their Business; our service includes the set-up of the Company with the establishment of Kbis (Commercial License), Share Certificate, Certificate of Incorporation, Memorandum of Agreement and the Lease Contract of your office. We manage the whole process of the company set-up from A to Z. We also provide assistance in opening the Corporate/Personal Bank account.

Thallium Consulting provides you with information on the different types of companies/sectors that exist in the UAE; we will guide you towards the most appropriate solution depending on your structure and business needs.

The company Offshore

“Create a company in the Emirates without residing there.”

What is an offshore company in Dubai?

The Offshore Company or Offshore Enterprise is a non-resident company in the United Arab Emirates. The officers of the company do not live in the UAE, and the Offshore company has a home address and P.O. Box at Thallium Consulting offices. Therefore, this company cannot have an office and employees in the UAE; however, can have all types of activities on its business license.

 

What is an offshore account?

An offshore account is a bank account with all the services associated with it and is located outside the territory where you are domiciled. Opening an Offshore account in Dubai can allow you to prepare your installation in the United Arab Emirates or will enable you to more efficiently manage your activities with a country other than your country of belonging.

 

What are the utmost benefits of an offshore company?

  • No income tax
  • Confidentiality about the company’s managers
  • No minimum capital limit required
  • No obligation to keep accounts
  • Legal protection and asset protection

 

Free zone company/ company in the free zone

“Create a company in the Emirates without a local sponsor.”

 

What is a free zone company?

A Free Zone Company or Free Zone Company in Dubai is a company that is located in one of the Free Zones areas in Dubai (e.g., Jebel Ali Free Zone, Media City Free Zone) or in one of the United Arab Emirates (e.g., Sharjah Free Zone). About 40 free zones are currently operating in the UAE, with more work underway. Each free zone is outlined for one or more commercial/business categories and offers licenses to companies only in those categories.

 

Free Zone companies facilitate trade and attract foreign investment. They allow a business to be conducted globally, including within the UAE, and without having to partner with a local sponsor.

 

What types of activities can we do with a Free Zone company?

  • Trade (Trade License): Purchase/Sale of goods
  • E-Commerce (E-Commerce License): Online sales
  • Service (Service License): Consulting / Tertiary Activities
  • Industry (Industrial License): Manufacture/ Production

 

What are the advantages of a free zone company?

  • 100% ownership of your company
  • Possibilities to repatriate all capital and profits
  • No corporate and income tax
  • Substantially non-existent accounting
  • Simplified import and export procedure
  • Three years VISA of residences in the United Arab Emirates

 

 

Local Company/ Local Law Company/ Mainland Company

(Company LLC and Sole Establishment)

“Create a company in the Emirates with local support.”

The local company or Mainland company is a company located in the United Arab Emirates and is characterized by the right to carry out all types of activities (B2B and B2C). There are two types of Mainland companies: the LLC company and the sole establishment company:

What is an LLC Company?

An LLC is a legal form of company that gives its owners limited liability; they must own at least 51% of the ownership of a local sponsor, also known as a local partner. However, this partner is in the majority of cases not directly involved in the business. A contract can be set up to define a fixed annual annuity that is more advantageous than the distribution originally provided for by law.

What is the Sole establishment/ UAE establishment/ proprietorship?

Sole Proprietorship status is the purest form of starting a business in the UAE. This type of business is managed and owned by a single person without a distinction between himself and his company. The foreign investor has one local agent and not a sponsor like the LLC and owns 100% of the shares as it is not possible to have a partnership.

What kind of activities can we do with a local company?

  • Shops (convenience stores, petrol stations, shopping centers)
  • Service company (Private schools, sports clubs)
  • Restaurants
  • Plants

What are the most advantages of a local company?

  • Quick steps for foreigners
  • No income taxes
  • Ability to offer its products and services to individuals
  • Benefit from the best locations in the United Arab Emirates
  • Substantially non-existent accounting
1. SUBMITTING YOUR SOCIAL NAMES
To start the process of registering your company, we must first validate the availability of the chosen company name with the administration concerned.
2. CHOICE OF LICENSE TYPE
We help you choose the most suitable legal form (Free-zone, Mainland, Offshore) and the type of license that would best suit your business (Trading, Service, E-Commerce, Industrial).
3. PREPARATION OF LEGAL DOCUMENTS
On the basis of the information provided, we will prepare all legal documents (Shareholders Resolution, Memorandum and Articles of Associations, Letter of Undertaking, Share certificate).
4. SIGNATURE
We will need you to sign all the legal documents and submit your passport to officially establish your business.
5. ENJOY DUBAI
A member of our team will be delighted to guide you through the spectacular highlights the city. You will be able to take advantage of this time to ask all the questions you have about lifestyle and business in the country.
6. RECEIVE YOUR LICENSE
In 95% of cases, we receive your license within 24 hours of the submission of the complete file to the administration concerned. Your business is finally created and we can wish you success in your business.

ADDITIONAL COMPANY CREATION SERVICES

Thallium Consulting also offers numerous additional services to FULLY support you with your ongoing business requirements.

OBTAINING RESIDENT VISAS
BANK ACCOUNT OPENING
OFFICE RENTAL
SEARCH FOR ACCOMODATION
MARKET RESEARCH
MARKETING SETUP

FREQUENTLY ASKED QUESTIONS

  • An offshore company has its headquarters in a foreign country, in which it does not operate its business and where the directors are not resident.
  • An offshore company has its headquarters in a foreign country, in which it does not operate An offshore account is banking services offered overseas by the opening of an account with a credit institution located abroad. Opening an offshore account in Dubai can help you prepare for a possible relocation to the United Arab Emirates or to assist you manage your finances more easily in a country other than your country of residence.its business and where the directors are not resident.
    • Exemption from income taxes
    • Confidentiality of the holders of the company
    • Inexistence of minimum capital
    • No obligation to keep accounts
    • Legal protection and protection of assets

  • A free zone company, in Dubai, is a company established in one of the areas assigned as ‘free zones’ for business in Dubai for example Jebel Ali Free Zone, Dubai or in one of the neighboring Emirates (eg Sharjah Free Zone). These companies are exempted from sharing their capital with a local sponsor. This type of company trades globally, as well as the UAE.
    • Trade (Trade License): Purchase / Sale of Goods
    • E-Commerce (E-Commerce License): Online Auction
    • Service (Service License): Consulting / Tertiary activities
    • Industry (Industrial License): Manufacturing / Production

    • 100% ownership of your company(no requirement for a local partner/sponsor)
    • Possibility of repatriating 100% of the capital and profits
    • No Corporate and Income Taxes
    • Your own requirements for accounts system
    • Simplified import and export procedures
    • 3 years residency VISA in UAE

  • A local company, also known as a LLC or Mainland company in Dubai, has the right to engage in all types of activities (BtoB and BtoC). It is accessible to foreigners provided that 51% of the capital belongs to a local partner. However, this partner is in the majority of cases, not directly involved in the business. A private contract can be set up to define a fixed annuity which is more advantageous than the distribution originally envisaged by law.
    • Shops (convenience store, petrol station, shopping center …)
    • Service companies (Private schools, Sports Clubs …)
    • Restaurants
    • Factories

    • Quick steps for foreigners
    • Exemption from income taxes
    • Ability to offer its products and services to individuals
    • Eligible to establish in the best locations
    • Minimal accountancy

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