The jurisdiction of these courts is set out in two legal instruments: the United Arab Emirates Constitution, and the United Arab Emirates Civil Procedure Law. In commercial litigation matters it can often be the case that the claimant has a choice as to in which Emirate to file the case.
There are three types of companies, which can be incorporated in the United Arab Emirates: mainland, free zone and offshore. This means that there are similar but to a degree different rules for incorporation of mainland companies, as those are situated in different emirates. There are also numerous free zones, which have their own specific rules and regulations in addition to emirate rules they are located in. There are also several zones where offshore companies can be incorporated, which represents another set of regulations. Finally, in addition to all of that there are different sub-types of companies, which can be set up in either mainland, free zones or offshore. This represents abundance of choice for any type of client, who required company incorporation in the UAE, capable to suite any circumstances and objectives.
Castlerock Corporate Services can help you to navigate in this “maze” of choice and rules and ensure that you are able to make informed and sound decision.
Dubai has become one of the fastest cities in the world in terms of business establishment and growth over the last several years. Department of Economic Development of Dubai has made the process of setting up business in Dubai very easy and smooth. If you wish to register a company in mainland Castlerock Corporate Services can assist you, having years of experience in providing outstanding support to customers worldwide.
If objectives of your business project require you to trade unrestrictedly within and outside of the UAE, then mainland incorporation is for you. Below are reasons why mainland incorporation is best suited for your requirements:
• Freedom of trading activities with any business inside or outside of the UAE
• No minimum capital requirement to kick-start the business
• Speedy business registration & its approval
• Ability to undertake various projects with local government
Dubai mainland is a geographic area specified by the Department of Economic Development of Dubai, UAE. Companies incorporated on the mainland are also known as the onshore companies which are allowed to perform business activities inside the local area and outside of the UAE without any restriction.
When it comes to mainland company setup, there are two types of company licenses where UAE national’s presence is a must in any of the two forms:
51% shares in the business must be owned by the UAE national and 49% - by the non-UAE national partner.
100% shares can be held by the non-UAE partner, but the UAE national must act a local service agent.
E-quota (electronic quota) is usually issued to every mainland company in Dubai upon incorporation. It’s flexible as mainland companies are not subject to visa limitations. Should the company size increase, the E-quota can be revised accordingly by the Ministry of Labor.
The first and foremost step to kick-start the process of mainland company setup is to have a verified office address in the Dubai municipality. Along with this, there are many other factors such as commercial or professional business license, local partner or local service agent, fulfilling minimum office space requirement, visa processes.
1. Business Activity Selection and Name Approval
2. Selection of Local Partner or Service Agent
3. Application for Initial Approval for Mainland Company Setup
4. Preparation of Court Notarization and Memorandum and Articles
5. Signing of a tenancy agreement for an office space
6. Submission of relevant documents to form Mainland Company in the UAE
Free Zone Company Formation
Castlerock Corporate Services can also assist you with company incorporation in the UAE multiple free zones.
Free zones of the UAE are the free trade areas where the foreign investors set up their businesses effortlessly and at a flank speed. This concept has played a very important role to make Dubai an international business hub.
The company formation in Dubai free zones benefits with easy setup, advantageous tax regime, complete support and assistance of the UAE government, lucrative incentives, trading at custom rates, 100% foreign ownership, and a lot more.
Free Zone Establishment (FZE):
Company registered with one individual or corporate shareholder.
Free Zone Company (FZCO):
Company registered with two or more shareholders which can be either individuals or companies
Branch Office:
A branch of an existing company, which can be established according to different rules and regulations of various UAE free zones.
• Dubai World Central
• Dubai Airport Free Zone
• Dubai Healthcare City
• Dubai World Trade Centre
• Dubai Internet City
• Dubai Knowledge Village
• Dubai Silicon Oasis
• Dubai International Finance Centre
• Dubai Multi Commodities Centre
• Sharjah International Airport
• Sharjah Media City
• Hamriyah Free Zone
• UAQ Free Trade Zone
• Ajman Free Zone
• Ajman Media City
• Jebel Ali Free Zone
• International Free Zone (IFZA)
• Fujairah Free Zone
• Fujairah Creative City
• Ras Al Khaimah Free Trade Zone
Starting a free zone company in UAE is an easy and fast process compared to mainland company business setup. Incorporations are dealt with by free zone authorities. Here are the steps for Free Zone company setup:
1. Make a choice for the type of company, which needs to be incorporated
2. Choose (if necessary) the trade name
3. Make an application for business license
4. Rent adequate office space
5. Apply for necessary approvals, business registration, and acquire the license
According to the UAE law, no free zone company can undertake any trading activities outside the free zone. Free zone companies can trade between themselves via distributors having valid Department of Economic Development licenses and do business with the mainland companies as well. Free zone company can also trade with mainland companies via civil company or an LLC.
• 100% ownership in the hands of foreign investors
• No requirement for local sponsors or local service providers
• 100% right for the capital & profits deriving from free zone business activities
• No corporation tax
• Competitive import & export duties
• Quick setup and licensing process
• Start up at low cost
• Liberal labor laws
Different free zones in the UAE have their own rules, regulations, advantages and limitations. Castlerock can assist its clients in making an informed and calculated choice of a free zone, which best suits their needs and requirements.
Offshore/RAK company Setup in the UAE
Ras Al Khaimah is one of the most preferred offshore zones in the UAE. You don’t have to be physically present in the UAE in order to incorporate a company. This can be done by the registered agent. Setting up an offshore business in Dubai is not as easy as you think. To get started, it is important to understand the rules and regulations the entire process. If you are seeking professional help and would like to take advantage of tax incentives, you are here at the right place with Castlerock Corporate Services. We are supported by a few highly skilled and experienced formation agents who have in-depth knowledge of the procedure and associated rules, regulations and legal formalities. Castlerock Services can assist you with incorporation, licensing, license renewal, bank account opening and more.
• 100% foreign ownership
• No income or corporation taxes
• Asset Security
• Low cost and fast company formation
• Confidentiality
• No capital requirements
• Ability to own real estate vie offshore RAK company
• Zero Bureaucracy & Modernized Administration