Zhuoxin Enterprise has professional experience in international exchanges and cooperation. It has been deeply rooted in the Middle East for many years and has accumulated rich local resources. We can provide efficient enterprise landing experience and services to help enterprises avoid the most vigilant risks, reduce trial and error costs and improve efficiency!
In addition to landing registration and financial and tax services, we can also provide personalized services such as strategic consulting, local political and business exchanges, investment and financing, operations and markets in the UAE according to the actual needs of enterprises. Welcome to contact us!
"Dubai", the economic and financial center of the Middle East, one of the global international financial centers, and a transportation hub between Eastern Europe, West Asia and Africa. Dubai's economic diversification has been committed to continuously improving the business environment, providing high-quality development opportunities and preferential policies for domestic and foreign investors. More and more companies from various countries choose to register companies in Dubai to land projects.
1. Political stability, urban security, and rapid economic growth.
2. Tax incentives. Companies can enjoy extremely low tax rates. Corporate income tax is 9%, no personal income tax, and value-added tax is 5%. Foreigners can own 100% of the company.
3. Simple registration process and low entry barriers. Dubai's company registration process is simple and efficient, and registration can be completed in a short period of time (within 1 month) to quickly start business activities.
4. A large gathering place for available labor and international talents. Dubai is an international city that attracts high-end talents and low-end labor from all over the world.
5. Advanced infrastructure. Dubai's infrastructure is world-leading, whether it is transportation, communications or commercial facilities, it can meet the needs of the most modern companies.
Generally speaking, there are three main types:
1. Local DED (Ministry of Economic Affairs) company LLC/EST
2. Free Trade Zone (Free Zone) company FZE/FZCO
3. Overseas (offshore) company
The revised UAE Commercial Companies Law allows foreign investors to own 100% of local companies. In other words, except for special industries, doing business in the UAE will no longer require UAE nationals as "guarantors". There are no restrictions on the scope of trade/business location of local companies, and Dubai local companies can trade throughout the UAE and internationally.
Free trade zone companies allow foreign investors to hold 100% independent shares, but their business scope is limited to the free trade zone and the UAE. They mainly have the following characteristics and advantages:
● Special economic zones governed by their own regulatory framework;
● 100% ownership of commercial enterprises;
● 100% repatriation of capital and profits;
● Goods can be imported and exported duty-free;
● No tariffs are levied on business between free trade zones;
● Residence visas for shareholders and employees;
● The free trade zone business ecosystem allows companies to gather around similar industries and themes to facilitate business development.
There are currently more than 50 free trade zones in the UAE, and each emirate has its own free trade zone, including more than 30 free trade zones in Dubai. These free trade zones are relatively independent, with their own registration procedures, fee standards, document requirements, business scope lists and rules and regulations. The main free trade zones that are currently attracting the attention of Chinese companies are: Silicon Valley Free Trade Zone, IFZA Free Trade Zone, Jebel Ali Free Trade Zone (JAFZA), etc.
An offshore company is a company registered in Dubai but not actually operating in Dubai or the entire UAE. It is a "shell company" in Dubai. Offshore companies are generally used for corporate structure design or global tax planning. Offshore companies cannot apply for visas.
Dubai International Financial Centre (DIFC) is a benchmark for emerging international financial centers. It is a gathering place for large financial institutions and the first choice for registration of this type of enterprise. DIFC consists of the Dubai International Financial Centre Authority, the independent regulator DFSA (Dubai Financial Services Authority) and the DIFC Courts, providing confidence for multinational companies. DIFC has more than 5,500 companies, forming the largest financial services ecosystem in the region. Together, they represent a market size of nearly $1 trillion. These include 790 regulated financial companies, including 230 banks, 370 wealth and asset management companies (including 50 hedge funds) and 100 insurance and reinsurance companies.
Basic procedures for company registration
1. Determine the type of company to be registered
2. Confirm the scope of business
3. Provide the company name for verification
4. Fill in all relevant application forms
5. Scan the passports of shareholders and directors
6. Submit the application
7. Registration is completed and the registration information is obtained.
After the company is successfully registered, continue to apply for personnel visas, open bank accounts, and keep accounts and declare taxes.
Zhuoxin Consulting relies on its Chinese service network and Dubai executive team to provide professional one-stop business services without communication barriers for Chinese companies to enter the Middle East market. Its business covers company establishment and maintenance, accounting and taxation, bank account opening, PRO services and business services.
Zhuoxin Consulting has high-quality business resources and maintains close cooperation with many free zones, bankers and tax departments in the UAE to escort your expansion in the Middle East market.