In mainland UAE, companies can be formed as either a limited liability company (LLC) or a sole proprietorship. LLCs require at least two shareholders, while sole proprietorships are owned and operated by a single individual. Both types of businesses can engage in commercial activities, but LLCs offer the advantage of limited liability protection for their owners.
Company Formation in Freezone:
Freezone companies are established in designated areas that offer tax and other benefits to businesses. Freezones are popular among foreign investors because they allow 100% foreign ownership, no restrictions on repatriation of profits, and a range of other benefits. Some popular freezones in UAE include Dubai International Financial Centre (DIFC), Abu Dhabi Global Market (ADGM), and Dubai Multi Commodities Centre (DMCC).
Company Formation in Offshore:
Offshore companies are formed in special jurisdictions that offer various benefits to businesses, such as tax advantages, confidentiality, and asset protection. In UAE, offshore companies can be formed in the Dubai International Financial Centre (DIFC) or the Ras Al Khaimah International Corporate Centre (RAK ICC). Offshore companies are often used for international trade and investment activities, but they cannot engage in commercial activities within the UAE.
At Trizone Corporate Services, we have extensive experience in helping clients form companies in mainland UAE, freezones, and offshore jurisdictions. Our team of experts can assist you in choosing the right type of business structure, preparing and submitting the necessary paperwork, and obtaining any necessary licenses and permits. Contact us today to learn more about our company formation services.