FAQ

Businesses in Dubai mainland can now operate without a local sponsor, allowing 100% foreign ownership as per the updated UAE Commercial Companies Law. This move is aimed at boosting foreign investment and offering entrepreneurs greater control and flexibility in their operations.

Yes, you can now fully own your business for certain business activities. You don’t need an Emirati partner to have most of the ownership. But some activities still need a local sponsor.

In Dubai’s mainland, businesses have no visa limits. They can get visas based on their office space. This helps firms grow and hire diverse staff in Dubai.

In Dubai, setting up a mainland company usually requires leasing a physical office space, but professional activities may offer some exemptions. Detailed guidance, including options like virtual offices, is best sought through business setup advisory services.

The UAE has special economic zones. These zones give perks like full ownership, no taxes, and simplified processes. A company set in a free zone is called a freezone company setup.

Yes, you can own a Free Zone company in Dubai alone as a Free Zone Establishment (FZE), which is a business entity with a single shareholder. This allows for 100% foreign ownership without requiring a local sponsor, offering benefits like tax exemptions and complete repatriation of profits and capital.

The Dubai freezone company setup can take a few weeks. It can change based on the specific free zone, how complicated your business is, and whether your paperwork is complete.

We provide specialized bookkeeping and accounting services; we meet all your accounting requirements. Outsourcing is a very cost-effective way of reducing the accountants’ hiring and training expenses in an organization.

No, you do not. But you will have more time to make informed decisions on all the financial aspects once accounting and bookkeeping are completed. As an investor, you can focus on growing your business instead of reacting to business events.

The services offered by us can be tailored to include almost everything an in-house accounting department would do or as little as you would want and provide useful financial information that can benefit your company’s growth.

Books of Accounts should be maintained for a period of 5 Years from the end of the financial year.

VAT = Value Added Tax levied on the consumption or use of goods and services at each point of sale. It is in existence in more than 180 countries around the world. The end-consumer ultimately bears the cost.

In-order to obtain VAT Certificate from the Federal Tax Authority the applicant must consider various aspects such as, whether to register as

• Voluntary Applicant
• Mandatory Registrant
• Tax Group
• Standalone

VAT Certificate is a Statutory Document issued by the Federal tax Authority confirming the registration of the applicant mentioning the Tax Registration Number (TRN) & the period for which the Tax Returns need to be filed.

In terms of Standard Rated Supplies, the Percentage of VAT is 5%. However, there are Exempt & Zero Rated Supplies as well.