Fast business Centre stands out as one of the leading business consultancy firm
in terms of services. FBC have superior competency in business consulting. FBC
stands up to international standards in implementing convenient and reliable
amenity to existing and new companies.
FBC come up with more than a decade of accomplishment in providing
business setup and related services
Benefits of Starting a Company in the UAE
- 100% foreign ownership in allowed (depending on area)
- 100% repatriation of capital and profits.
- Negligible corporate and personal income tax.
- Limited restrictions on hiring workforce
- Shared services and synergies with other companies
- No bureaucratic Red Tapes
- State of the art infrastructure.
Business Jurisdictions in the UAE
- Free Zone Registration
UAE has more than 40 free zones and offers 100% ownership of the business, unlike the
mainland companies. They also provide 100% import and export tax exemption, 100%
capital repatriation of capital and profits.
- Offshore Company
When you set up a uae offshore company business operation is not allowed in the UAE.
However, UAE as a base is utilized to do business in the rest of the world.
- Onshore Jurisdiction
Ruled by federal laws and regulations, the most common types of businesses within
the onshore jurisdiction for corporate clients
Steps to Start Your Company in the UAE
1.Chose a Business Structure
The type of business structure you choose will further determine the license required
for the business. However, before you choose the type, research more into what is
acceptable according to the government in the UAE and what is not.
2.Ownership of the Business
Here, you must know two main things. Firstly, if you are a foreign national and want to
have 100% foreign ownership of your company, then you can do so by opting for a
license and location in one of the many free zones of the UAE. There are nearly 45
free zones in the UAE you can choose from. But, if you want to operate locally, then
you need to appoint a local sponsor who will have 51% of the shares in the business.
3.Select a Name for the Business
This is a very important legal procedure. You can check the trade names on the official
website of DED. It should not be identical to the name of existing company in the UAE.
4.Initial Approval
Under this step you need to obtain kind of a “no objection” from the Department of
Economic Development. Once you get the initial approval, you can resume your
company setup process.
5.Prepare your documents/agreements
Based on the legal form of your business, you might need to create and sign a
Memorandum of Association (MOA) or a Local Service Agent (LSA) / Corporate Agent
agreement with a local support (UAE national).
6.Select the Premises
Once you get all your legal procedures and forms ready, the next step is to select the
premises. Free zone authorities in the UAE can help you find one depending on your
requirements. Once you finalize your physical address, more than half of the process
will be completed.
7.Submit your Documents and Get the License
Before coming to the last step of the journey of registration of your business, make
sure your type of business does not require any additional approvals. Once everything
is done, you have to submit all the documents and process all the payments.
