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Dubai Corporate Formation(TANNET GROUP)

Dubai Corporate Formation(TANNET GROUP)

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Dubai corporate formationis also called Dubai company setup, Dubai business setup ,Dubai company registration , Dubai company incorporation, Dubai business establishment and Dubai business registration. Dubai Company Setup,or Dubai Business Setup, Dubai Company Registration, is a new choice for investors worldwide to set up business and make profits. For starters, Dubai is one of the few places on Earth where starting a business is a tedious task. If you’re aiming to put one up in the city then here are some facts and terms you need to acquaint yourself with before you get started.

Types of Dubai Companies
There are 2 categories of business you can set up in Dubai Free Zones:
Free Zone Company – are business that 100% owned by the person who set it up. You don’t require a sponsor or an agent to act as liaison to manage the venture. There is no restriction tying you down.
Offshore Company – this type of Dubai company registration refers to a business operating outside its boundaries. Example, a business in Switzerland opens up a similar enterprise in UAE.

Benefits of Dubai Corporate Formation
1. For Dubai Free Zone Companies
1.1100% Ownership
1.2Can be formed by only one individual
1.3You can open bank account in Dubai
1.4100% Secrecy maintained
1.50% Tax
1.6Less Renewal Charges
1.7Can be liquidated anytime
1.8You can do international business
1.9Can do multiple activities
1.10Can hold Properties

2. For Dubai Offshore Companies
The offshore possibility has basically been set up to cater for companies who need to have a regional "tax relief-invoicing-facility" - There is no minimum capital required and also no need to set up an actual office facility. The off-shore regulations have been issued according to new international standards and companies will have to register minimum one director per company, keep financial records and issue an annual financial report audited by a professional auditing company approved by the free zone. Each company must hold annual general meetings (possible also by proxy) and in short perform and act as a normal company.

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