Over the years, UAE has evolved as an investor’s hub in the Middle East due to its air and sea connectivity to major cities all over the world. It is acclaimed to be a land of opportunities and a tech savy nation bolstered by strong economic growth. Individuals and big corporate houses consider it to be to be an ideal location to conduct business due to the state-of-art infrastructure available. It is one of the most business friendly nation in the world due to its political friendly atmosphere and strong visionary leadership. Further, top companies around the world map making a foothold to deliver their services throughout middle considering its strong economic and Diplomatic ties with North American, European and Asia Pacific nations. Apart from the above, no provision of Capital gain taxes and Income tax on individuals and companies makes it a tax heaven for the entities.

The main next decision comes up is to which form of an entity to be incorporated in UAE which fulfils the objectives of the business in a cost effective and regulated manner. Further, after the choice regarding the type of entity has been made, it is required to complete the relevant documentation and adhere to all regulations required for incorporation of entity in UAE.

Gennext Group provides comprehensive solutions to set up business entity in UAE and ensure seamless incorporation of entities in UAE. Our range of services include:

• Initial services

• Assistance in identifying the appropriate legal structure;

Various forms of legal structure that exist in UAE are as under:

• Branch of an existing company
  • Foreign Branch – A foreign affiliate that is legally a part of a firm residing outside of the UAE
  • Local Branch – A domestic affiliate that is legally a part of a firm residing in the UAE
• New establishment
• Company – A new business entity which is owned by 2 – 5 partners.
• Establishment– A new business entity with a sole business owner.

Main difference between an “Establishment” and a “Company” is the number of shareholders required. An “Establishment” is a single-shareholder (either a person or a company) entity while a “Company” is actually a Limited Liability Company and generally requires 2 or more shareholders. However, both offer same operational benefits.

• Conduct of feasibility studies to decide on the best place to set up the business;

UAE provides the investors a wide variety of options to set up your business:

4. • Mainland business setup

• Required a UAE national as a local sponsor or “sleeping partner” who shall hold 51% of the shares of your company.
• For professional license, investor can have 100% ownership but still needs a local service agent.
• Need to adhere to the requirements of the Companies Law and other relevant laws applicable to the respective industry