Business Consultancy in Dubai
Introduced in 2018, the Value Added Tax (VAT) is a consumption tax imposed on goods and services throughout the supply chain. VAT registration in Dubai helps to ensure businesses operating in the UAE comply with tax regulations.
VAT registration ensures businesses collect and pay the correct VAT on their goods and services. This creates a new income source for the UAE government, allowing it to provide high-quality services. It will also help the government to diversify the economy and minimize the dependency on oil.
Our Business Consultancy Services Include
Mainland Company Formation
Mainland, also known as inshore, is a location that is established outside the free zones of the UAE and operated under the Department of Economic Development. Therefore, it becomes mandatory to register the company with DED and secure the trade license before setting up a company in the Mainland.
Unlike free zones, where businesses are restricted to defined sectors, companies operating in the mainland have the freedom to operate across various business activities. Visa allocation for employees is not fixed; it depends on office size. According to recent reforms, foreigners can enjoy 100% ownership for some business activities in Dubai. For some businesses, you have to hire a local sponsor, who will hold 51% ownership of the company. Businesses in the mainland can easily trade in Dubai and across the UAE.
Free Zone Company Formation
In response to Dubai emerging as a global business hub, the Dubai government has introduced several Free Zones. It is an economic zone where professionals and entrepreneurs can benefit from 100% ownership and tax exemptions. The procedure for setting up a business in free zones is smooth and streamlined. Our experts will manage all the regulatory and administrative procedures, giving you peace of mind.
There are 26 free zones in Dubai. Here are some of them:
- Dubai World Central (DWC)
- Dubai Multi Commodities Centre (DMCC)
- Jebel Ali Free Zone Authority (JAFZA)
- Dubai Airport Free Zone Authority (DAFZA)
- Dubai Media City Free Zone
- Dubai Design City Free Zone
- Dubai Internet City Free Zone
- Dubai Knowledge Park Free Zone
- Dubai International Financial Centre
- Dubai Silicon Oasis
- Dubai Healthcare City
Not every business activity can be carried out in Dubai free zones. Each free zone is developed to serve specific industry sectors and business types.
Offshore Company Formation
If you are looking to expand your business and capitalize on numerous benefits, an offshore company formation in Dubai is a smart decision. It is established outside the jurisdiction of its main area of operations, aimed at protecting assets, optimizing taxes, and maintaining confidentiality. Offshore companies are provided with a certificate instead of an operating license, unlike free zones and mainland companies, to ease the establishment process. At BalanceBrite, our professionals ensure the smooth formation of an offshore company.
In Dubai, Jebel Ali Free Zone Authority (JAFZA) is a prominent offshore jurisdiction. It presents numerous benefits for establishing offshore firms. Key benefits include: Zero taxes, 100% profit repatriation, flexibility in organizational setup and management, global trade benefits, and they can participate in numerous business activities, yet they are prohibited from dealing directly within the UAE market. It is an ideal option for an international entrepreneur.
Other Services
- Our business setup consultants will help you secure your trade license.
- We deliver PRO services for visa processing for employees.
- We will help you open a commercial bank account so that you can manage your finances.
- Our experts will help you make strategic decisions to grow your business and other business advisory services in Dubai.
Why Choose Balance Brite for Business Formation and Consultancy in Dubai?
Balance Brite is your trusted partner for all business-related services. With deep knowledge and expertise, we have delivered the best results.
Our certified experts have years of experience in company formation in Dubai.
We provide end-to-end support and manage every step of this journey, including setting up the business, ensuring compliance, and expansion.
Our professionals stay informed with the UAE’s latest regulations, ensuring everything complies with the legal requirements.
We will apply for a trade license for your business.
Our experts will prepare the Memorandum of Association and other necessary documents.
Frequently Asked Questions
What is a Dubai offshore company?
An offshore company in Dubai is a legal entity established in a free zone for conducting business internationally, not within the local UAE market.
What are the advantages of setting up a business in Dubai?
Tax-free advantages, 100% foreign ownership, prime location, and cutting-edge infrastructure.
What is the difference between a mainland, free zone, and offshore company?
The mainland company operates across the UAE and internationally, a free zone firm only operates in free zones, while an offshore company is established for global business activities, not the UAE market.
What documents are required for establishing a company?
Passport copies, proof of address, Memorandum & Articles of Association, resolution of the board and shareholders, tenancy contract, No Objection certificate, bank reference letter, and sector-based authorizations.