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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.

THREE ENTITIES IN THE UAE FOR BUSINESS LICENSE

  • MAIN LAND

    The Mainland Company is an onshore company licensed by a DED (Department of Economic Development) that opens up business possibilities in the local markets of the UAE, the Gulf, and the international arena, which is entitled to do business in the regional market as well as outside UAE without any limitation. The mainland company setup in UAE requires a local partner or a local service agent depending on the type or structure of the license you choose. The type of business you set up in the UAE will determine whether you need a local sponsor or a local service agent.

    • LIMITED LIABILITY COMPANY = Local Sponsor
      FOR LIMITED LIABILITY COMPANY LLC (2 or more Shareholder) The general shareholding pattern of Dubai Mainland Company is,
      • UAE national Sponsor – 51%
      • Foreign Shareholder(s) – 49%
      Once the Company is Established, we can make a side agreement in Dubai Court that the Local Sponsor has nothing to do with the Company
    • SOLE ESTABLISHMENT COMPANY = Local Agent

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    ADVANTAGES

    • The ability to conduct a broad range of business ventures & activities.
    • The registration process is simple and hassle-free.
    • 100% repatriation of capital and profits are admissible.
    • Freedom to rent commercial and warehouse premises anywhere in the UAE.
    • You can get a residence permit in the UAE for employees and Shareholders of the company, as well as their family members.
    • There is no minimum capital requirement for the formation.
    • They have the flexibility to do their business in any part of the UAE.
    • You can work with Government and non-government bodies with much scope of diversity.
    • You can open multiple branches of the company to build your Business branches
    • The flexibility of adding Visa quota
    • There are no currency restrictions.
    • Exempted from corporate tax.
    • There is no yearly audit requirement.
    • Flexible to trade anywhere in the UAE and internationally.

    PROCESS

    •  Choosing your business activity
    • Pre-check if the Activity needs special approval company Registration
    • Provide Company Name (Provide 5 Desired name)
    • Trade Name registration
    • Initial License approval
    • Issuing of Business License
    • Establishment Card Application
    • When the Establishment Card is out, the Visa application can start (if required).
    • Our Public Relations Officer “PRO” will guide you with the visa processing and residential visa stamping process.
    • Processing your visa (INSIDE OR OUTSIDE)
    • If Inside additional CHANGE STATUS IS REQUIRED (Present Visa CHANGED to New Visa)
    • Schedule Medical / Emirates ID process
    • Residence Visa Stamping

    TIME FRAME

    • Business License → 24 Hours
    • Establishment Card → 24 Hours
    • Visa Process Partner / Employee → 1 – 3 Partner Working Days, 5 – 7 Employee Working Days
    • Change Status → 1 – 2 working days
    • Residence Visa stamping → 1 – 2 working days

  • FREE ZONE

    A common choice for those seeking the most cost-effective company license in UAE There are more than 45 Free Zones in the UAE. Each has its own rules and regulations. If you are a startup company, then Free Zones facilitate business activities and attract companies looking to startup businesses and also Other licenses which include activity such as consultancy licenses, service licenses, commercial trading licenses, industrial licenses, and holding licenses are also issued by Free zone. Setting up a business entity in one of the UAE Free Zones is an attractive option for foreign investors, as Free Zones facilitate business activities and attract companies to start businesses quickly and easily. Foreign investors can retain 100% of their businesses without the need for a local partner. The Free Zone areas in UAE are geographically distinguished sections, and follow laws and regulations that may be different from the laws in the Mainland Authorities. It is important to understand that the activities of companies registered in the FEZ are limited at the domestic market of the UAE, but these companies can work freely in the international market. Free zone Establishments have a single shareholder. Most Free Zones, companies are taxed minimally, to encourage economic activity.

    ADVANTAGES

    • 100% ownership
    • 0% corporate and income tax
    • No paid upfront share capital requirements
    • Physical presence in the UAE is not required for incorporation of Trade License
    • Serviced desks and offices for SMEs and startups
    • Ability to incorporate holding companies
    • Faster licensing and business setup
    • Low startup and operational cost

    PROCESS

      • Choosing your business activity (Pre-check for if Activity needs special approval)
      • Provide Company Name (Provide 3 Desired name)
      •  We will Arrange the relevant Documents to be signed by All Shareholders
      • Issuing of Business License
      • Establishment Card Application
      • When the Establishment Card is out, the Visa application can start (if required).
      • Our Public Relations Officer “PRO” will guide you with the visa processing and residential visa stamping process.
      • Processing your visa (INSIDE OR OUTSIDE); if Inside additional CHANGE STATUS IS REQUIRED
      • Schedule Medical / Emirates ID process
      • Residence Visa Stamping
      • Assist and Introduce to the Local banks
      • Opening Bank Account

    TIME FRAME

    • Business License → 3 – 5 working days
    • Establishment Card → 3 – 5 working days
    • Visa Process → 3 – 5 working days
    • Change Status → 1 – 2 working days
    • Residence Visa stamping → 5 – 7 working days

  • OFFSHORE

    An offshore company is headquartered in a foreign country, where it does not operate its business and where the directors are not residents. The offshore company can be owned by individuals or corporate bodies and is a business entity that does not carry out any substantial business activity in its country of origin. Also known as a non-resident company, an offshore company cannot occupy office space in the UAE. The UAE is a unique low-tax jurisdiction. Any business controlled from the UAE region doesn’t pay taxes (excluding 5% VAT when working in the local market). There’s a right of free deposit and withdrawal of capital in this country, which allows investors to get the maximum benefit from their activities. The United Arab Emirates is a unique tax haven. None of the businesses controlled by the UAE area pays tax (excluding 5% VAT when working in the local market). The country has the right to freely deposit and return of capital so that investors can get the most out of their activities.

    ADVANTAGES

    • Flexibility to maintain UAE/worldwide deposits and bank accounts
    • There is no obligation to maintain its books & records
    • The banking and insurance business needs a special license
    • The shareholder/director does not need to be physically available in the UAE to create a company
    • No need to get a UAE residence visa
    • No need for a physical office in the UAE
    • No need to carry on business within the UAE
    • With prior authorization from RAK Investment Authority, flexibility to own real estate property in the UAE

    PROCESS

    • Determine the type of legal entity
    • Choose a trading name
    • Apply for a business license
    • Pick an office space
    • Get pre-approvals, list your business and get your license

    TIME FRAME

    • Business License → 3 – 5 working days
    • Establishment Card → 3 – 5 working days
    • Visa Process → 3 – 5 working days
    • Change Status → 1 – 2 working days
    • Residence Visa stamping → 5 – 7 working days

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

MARKET RESEARCH

MARKETING SETUP

FREQUENTLY ASKED QUESTIONS

  • What is an Offshore Company?

    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.

  • What is an Offshore Account?

    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.

  • What are the benefits of an Offshore Company?

    • 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

  • What is an Offshore Account?

    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.

  • What types of activities can we exercise with a Free Zone Company?

    • 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

  • What are the benefits of a Free Zone Company?

    • 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

  • What types of activities can we exercise with a Free Zone Company?

    • 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

  • What are the benefits of a Free Zone Company?

    • 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

  • What is a Local Corporation (LLC / MAINLAND)?

    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.

  • What types of activities can we work with a local society?

    • Shops (convenience store, petrol station, shopping center …)
    • Service companies (Private schools, Sports Clubs …)
    • Restaurants
    • Factories

  • What are the benefits of a local corporation?

    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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