Are you planning to set up a new business or expand your international company in Dubai, the Emirates, or the Gulf? At Azimuth consulting we support ambitious entrepreneurs achieve their goals with a full array of business consultancy services.
Our Business Set Up and Company Advisory services will help you move your first steps in the Gulf market.
Determine in advance the best strategy to penetrate the GCC market. Assess the practicality of your plan, with a deep look on the local market, financial data, and project implementation milestones.
Entrepreneurs setting up business in Dubai can choose among various forms of business licenses, Mainland, Free zones, and various offshore jurisdictions. At Azimuth we liaise with the client to individuate the best option for their particular situation.
Leave bureaucracy to us. We will take care of work visas and permits, local sponsorships, and provide a complete immigration assistance package.
Azimuth Consulting will assist you in setting up day-to-day operations with HR solutions, relocation services for your family, legal translation services for your documents, Intellectual Property management, and a detailed business plan.
An Offshore company is a business setup that allows businesses a great amount of flexibility to enjoy low to zero tax requirements, it also provides companies anonymity and a way to protect and grow its assets at the same time. This setup is most advantageous and utilized by entities for the purpose of logistics, patent registry, intellectual property rights, and consultancy businesses.
An offshore company’s main activity is carried out in a different jurisdiction from where the company is registered or incorporated at.
Offshore companies are usually set up in no-tax jurisdictions in pursuit of legally minimizing tax charges as it allows a company to operate internationally, all while providing flexibility with tax requirements through improving one’s wealth management.
As an offshore company’s operations are carried out in a different location from where it is registered at, a physical presence is not required to set up an offshore company.
There are 3 authorities where one can register an offshore company in the UAE.
These are JAFZA (Jebel Ali Free Zone Authority), Ajman, and RAK ICC (Ras Al Khaimah International Corporate Centre).
These 3 authorities (JAFZA, AJMAN, RAK ICC) share a few common rules and policies such as:
One of the key differences from the 3 authorities where one can register an offshore company is that for Ajman and RAK, the company may be set up remotely, for JAFZA however, one personal visit is required.
It is also important to note that only offshore companies registered in JAFZA are allowed to own a local real estate property.
Business setup in UAE free zones is one of the most requested types of services, because of its compliance standard and benefits.
The UAE has about 40-50 different Free Zones covering different sectors - each Emirate hosts at least a couple of Free Zones. All of them have their own features. However, they offer the same benefits at a high scale such as: 100% ownership as you don’t need to appoint a local sponsor. You can do it alone or with a partner. Also, zero taxes, no paid-up capital, and no limitation on transferring funds out of UAE, etc.
Choosing the Free Zone choice is usually made according to variant factors like the prices, business activities, resident visa offers, banking and other characteristics which would tackle your needs. The greatest difference can be found between free zones in Dubai and free zones located in the northern emirates, like RAK, Ajman, Sharjah and Umm Al Quwain.
Depending on the Free Zone, the preliminary approval may take as legal as 1 day in the northern emirates while 5-15 days in the southern emirates. The process of company registration in Free Zone in the UAE is easy and straight forward.
Here there are some free zones where you can register a company remotely without any hassle such as: Sharjah Media City (SHAMS) or Umm Al Quwain Free Trade Zone (UAQFTZ).
Most of the Free Zones will require you to deposit a specific amount so you may be able to start the process.
The requirements of having a free zone company are clear, you need to have some documents and to fill some applications.
Having a free zone company allows you to manage your business activities inside and outside the UAE. However, you can lease an office only in the free zone where the company itself is registered. Also, you can easily apply for employees’ visas and recruit them.
The business can be carried out internationally or within the Free zone itself, this is an essential point you must know before going with the Free zone option.
Having a clear plan and knowing which activities you will be having will make it easy for you to know which type of business license you need to apply for.
Comparing prices between Free zone companies and Offshore companies, you will find the first is much more expensive than the second.
If in case you feel that the free zone company is not the option that suits your needs and desires, we can surely advise on other different options.