HMC is the most emerging and a fast growing company in all services regarding business setup, company formation and legal and government issues.
We are linked with many international organizations for providing advice to clients and providing full integration of the latest laws.
We are a competitive business advisors in Dubai, committed to providing you with the best service at reasonable prices.
And we can help you for how to find local sponsor in UAE.
Dubai acts as a gateway between the East and the West. With its central location, its business hours combine business hours in the East and the West, so you are always open for business to the world. Dubai has managed to successfully diversify from an oil and gas-dependent economy to a trade and tourism-backed economy in the past decade. Dubai is ranked among the top tourist destinations in the world and sees high footfall of tourists throughout the year. Dubai also acts as an entry point to setting up business across the Middle East region, with its liberalised norms and cosmopolitan population. These advantages make Dubai a vibrant city that provides the best location to set up businesses.
Dubai is home to large marine terminal – Jebel Ali Port, the most connected airlines – Emirates and low-cost airline FlyDubai. A combination of these facilities makes Dubai the best destination for distribution and trading. A large number of high-rises offer unlimited office space and the extraordinary round-the-clock communication and internet facilities, those are fully-equipped and furnished.
United Arab Emirates tops among Arab countries and the Middle East with regards to the ease in doing business, according to a World Bank 2016 report. It was placed 31st in world rankings for ‘Ease of Doing Business’. Dubai offers investors a chance to set up a business within a week, if all the necessary paperwork is in order. Dubai also offers the maximum number of Free Zones in UAE, which gives an opportunity to do business with 100% ownership. Dubai Freezone also offer special corporate and personal tax concessions for investors. Further, setting up a business in a Free Zones takes less time than setting up a company in mainland Dubai. However, freezone companies cannot trade within UAE and are required to partner with a local distributor for conducting business in Dubai.
Dubai is home to over 200 nationalities, and has a larger expat population. Few can resist the eternal sunshine, facilitated infrastructure and booming economy. Dubai also houses the best educational institutions and is among the safest countries in the world with the least crime rate.
Let’s Join hands with HMC today and set up your business in UAE, risk-free at affordable costs!
- Free Zone Entities – this type allows 100% foreign ownership and exempt from corporate and personal taxes for a specified number of years. These entities are not licensed for business outside of the free zones. This model is ideal for import/re-export or for industrial and/or manufacturing companies. Service related companies also use the free zones as bases of operations.
- Onshore structures in UAE are commonly misunderstood. They garner attention due to the legal requirement of a nominated ‘local sponsor’. This is also a requirement in other countries, Switzerland for example. This ensures that there is a liable person, in the country, able to provide answers and direction in any event where the foreign owner is unable or unwilling to assist. A limited liability company is set up with the local sponsor owning 51% of the shares. However, under business law, corporate profits need not be distributed in proportion to the shareholder holdings. The local sponsor is paid a yearly fixed fee to use his name while the resident director/owner and the foreign owner manage and distribute the profits.
- The professional license allows 100% of the shares to be allocated in the name of a foreigner. The local sponsor is a designated ‘Local Service Agent’. This entitles him to a yearly fixed fee for his role as a sponsor in the trade license. The license owner must have and provide evidence of formal qualifications in the professional service.
- A representative office license is also available to the incorporator; this allows the company to engage in marketing and gathering information on behalf of a parent company. In this case, there is a requirement for a local service agent but there is no obligation to be a company shareholder.
All companies registered in the UAE require a physical office. HMC can help you find an office or to arrange for a lease for the incorporation process.