EXPERTS IN COMPANY CREATION IN THE UAE.

There are several types of businesses that can be set up in Dubai. 

LLC (Limited Liability Company) and Civil Companies. LLC-type (limited liability company), sole proprietorships and civil societies.

Companies are commonly referred to as “Mainland” as they are registered with the Dubai Economic Development Department. 

When you hear the word "free zone”, these are the same types of legal structures, but this time registered in areas with significant advantages.

If you carry out your professional services locally in a physical location, or if you wish to own, for example, a restaurant or even a car rental agency, you will certainly need to register your company with the economic development department.

Each case is unique, and you must keep in mind that the Emirates of Dubai is dotted with Freezones within its territory and the city itself. For example, the JLT zone (located behind the Marina, is a Freezone called DMCC). If you wish to open a business in this area, you will need to register your company not with the DED but with DMCC.

Our team is specialized and provides you with the necessary advice to ensure that you do not make any mistakes. And that's good, because in the UAE, mistakes are expensive.

A local service agent may be required in the case of a sole proprietorship or civil enterprise. This agent is a representative of a foreign company who is responsible for enabling the company to do business in Dubai. The agent must be an Emirati national and has no interest in the company's operations, administration or profits, and has no financial constraints.  

Its role is to coordinate with government departments and provide assistance with work permits, visa applications, license approvals, etc. 

MAJ offers full support throughout the entire procedure of registering your company with the help of our local Emirati agent entirely English and French speaking et kkk

Please note, however, that civil and individual partnerships do not offer you limited liability through your company and commit you completely financially. 

Free zone companies can be XNUMX% foreign-owned are 100% owned by foreigners and allow all types of commercial activities and sale of services in the UAE and internationally.

These jurisdictions are also perfect for setting up a management (holding) or real estate holding company.

You will benefit from the ability to manage your company “online” and this will allow you to continue to be able to fully manage your company, without the obligation of your physical presence in the UAE! For example, you will be able to modify your company, simply by signing documents online, with the help of MAJ.

If you are a professional and want to work in an office, you will be free to work from your home or any business center and enjoy a workspace for yourself and your team, or as you wish in Dubai.

These companies can be registered in various Emirates other than Dubai, for example, Sharjah (Sharjah Media City – SHAMS), Ajman (AFZA) or even Ras Al Khaimah (RAKEZ). Please note that setting up a company in one of these areas can cause numerous disadvantages and must be the subject of consultation with our team in order to understand these hazards. 

MAJ offers a company creation service with completely low costs transparent.

By definition, an offshore company is a company owned by a person who is not resident in the jurisdiction in which it is registered.

These companies may own real estate and enter into contracts with UAE residents and businesses. 

Attention, it is very commonly difficult to access the opening of a professional bank account in the United Arab Emirates for an Offshore company. Indeed, the fact that you do not have a Residence Visa does not favor your relationship with the local banking community. 

However, we have our own internal strategy optimised by our banking team and we allow you to benefit from an offshore set-up. 

Do you want to develop your business in the Middle East or relocate part of your operations? This is perfectly achievable. 

Each set-up is entirely tailor-made, taking advantage of the expertise of our team. 

We have assisted major English-speaking companies in this stage of their development and have numerous references, so do not hesitate to contact our team to find out more.

You want to open a restaurant or offer your services as a Sports Coach. 

This probably requires registering your company with the DED (mainland).

In all other cases, your company must be registered in Freezone to benefit from its ease of management.

Dubai currently offers the best tax conditions in the world.  

Dubai also benefits from a strategic location that makes it easy to do business with the rest of the world, particularly because of its reputation and the fact that the city is not associated with a "Tax haven".   

Le living environment in Dubai makes it one of the most attractive cities in the world. 

Owning a company in Dubai is also an open door to spending time there or even wanting to settle down.  

Although it has an image of a "seaside city", it is nevertheless one of the most optimised and richest cities in terms of "Business.  

Indeed, just by following the travels or living areas of successful entrepreneurs, it is clear that there is something going on in this city, which has become the favourite spot for these personalities to meet.  

For families, the city offers an ultra-secure environment. In a context where our European capitals suffer from real security problems, it is quite normal to consider offering a secure environment to relatives.

This city is also an unrivalled example of "living together", and proves that it is possible to bring together communities that are extremely opposed in terms of their origins, their cultures and their religions, in perfect harmony.  

Finally, as a tax resident in the UAE you benefit from zero taxation on your income, this obviously has a direct and significant impact on the ability to capitalize. It is imperative to validate your transfer of residence with our team.

To obtain a Residence Visa in Dubai, there are several options available to you: 

• Being an employee of a local company

As an employee of a company in the United Arab Emirates, you obtain a 2-year Residence Visa. This residency visa is intrinsically linked to your employment and can end at any time if your employment contract ends. 

In this case, you have 30 days following the termination of your employment contract to obtain a new residence visa or be forced to leave the territory.  

Be careful, some people claim to sell “Residency Visas”, often displayed with the title of Freelance Visa. 

These visas do not exist and this involves selling a Residence Visa within a third party company under the cover of false employment. This solution is favored by expatriates in precarious situations, often Africans and Indians, and results in the following problems:  

• As your Visa is intrinsically linked to the company that does not belong to you, you have no control over your Residence Visa, and therefore over your life, and potentially that of your family.  

For example, if this company closes, you and your family will lose the entire amount spent on obtaining your Visa. Additionally, this company may decide to increase its fees overnight in return for keeping your Visa active.

Finally, it is mandatory for the company to prove to the government that it pays you each month as an employee. Therefore, you would have to send funds to the company each month, to be returned to your own personal bank account through a government agency called WPS, and thus suggest that you are receiving a salary.

• Visa by investment in residential property

Applicable to people who choose to invest in a residential property worth one million dirhams or more.

The investment must be in residential property and not in commercial property. In addition, the visa only applies to freehold residential properties. It is not possible to apply for this visa for a property on plan.

The duration of the visa varies between five and ten years and can be maintained for as long as the investor owns a property in the country. 

Please note, in the majority of cases, and even if your Visa is linked to your investor status, you will still have to consider opening a company in order to access various levers, notably bank credit. Indeed, assimilated to an “Investor” by the definition of your Visa, local banks rely on contractual proof of income obtained through employment. It is for this reason that this “Golden” Visa must absolutely be discussed, considered, and that it is often favored by an already wealthy and elderly clientele who simply wish to live in Dubai and no longer do business there.  

• You create your own job through the setting up of your company  

In this case, you have full control over your Visa of residence, and that of your family. In addition, you are able to create residence visas for potential partners and/or employees. This can be done without having to invest a large amount of money in the property market. This solution offers you full security in your settlement project.

As an employee in the UAE, you are eligible to sponsor and create Residence Visas for your family. They will be granted a visa of the same duration as yours.  

We will assist you in this process, firstly by preparing the necessary file, and secondly, by travelling with you to the organisations on site. 

It is simply not possible to undertake the creation of a company in the United Arab Emirates alone without making mistakes. 

100% of people who wanted to “start a company alone” end up encountering immediate problems when opening their bank accounts, or later.

It costs them very, very, dearly. And of course, they don't brag about it.

At MAJ, each arrangement is entirely tailor-made, in cooperation with the banker, the accountant and the tax specialist.

The result is a total guarantee of a perfectly tax-optimised package and the assurance of opening your business bank account in record time. 

Secondly, and without being aware of it, since this step is carried out in a totally disinterested way, comes the time la tax part.

We ensure optimization from the start of your arrangement with the aim of subsequently repatriating your capital and to guarantee the real estate investment in the UAE or in your country of origin. We also ensure the optimization of the financial performance of your company with the arrival of corporate tax.

MAJ supports you in Dubai, and offers you a range of tailor-made services, including  

• The setting up of your company
• An accounting support, and a follow-up of your administrative procedures
• Tax optimization 
• Follow-up and legal advice
• The opening of your bank accounts  
• The obtaining or extension of your visas  
• The search for health insurance
• Your settling in as a freelancer

The Common Reporting Standard (CRS) also called The Common Reporting Standard (CRS) is a standard developed by the OECD, at the request of the G8 and G20, to improve tax transparency and combat tax evasion. This standard defines an automatic exchange of information between tax administrations on the financial accounts of non-resident clients of financial institutions. improving tax transparency and combating tax evasion. This standard defines an automatic exchange of information between tax administrations relating to the financial accounts of non-resident customers of financial institutions. 

Thanks to its expertise, and in full compliance with the law, MAJ offers today CRS-proof company structures and thus allows you to benefit from total confidentiality on your activities in the United Arab Emirates. total confidentiality about your activities in the United Arab Emirates. 

Since January 2019, the United Arab Emirates applies a 5% value added tax (VAT) on products and services marketed in the territory.  

The registration of your company with the FTA (Federal Tax Authority), in charge of VAT collection, is mandatory before reaching a turnover of 375K AED (+/- 000K USD).  

The MAJ team will take care of this procedure for you.  

In order for you to benefit from zero tax on your personal income, you must plan to live in the UAE for more than 3 months per year.  

However, there are several reasons why you may still be liable for various taxes in your home country.

To ensure this and support you in this stage of life, an appointment with our tax team is strongly recommended.

It is possible, and right now.  

You can book a one-hour meeting with our tax advisor and discuss your personal situation.

To do this, please book your appointment by accessing the dedicated page in our menu.

Our team takes care of everything and offers you exceptional residency validation conditions.  

For example, your residency validation requires only one 15-minute trip to a government centre for your medical examination, where you will be welcomed as a VIP.  

Our team will travel to all the organisations and deliver your documents directly to your home. 

Please note that since the beginning of 2022, Dubai randomly sets the appointment date for fingerprinting. Until this step is completed, the production of your Emirates ID cannot start. Due to the large number of new applications for residency in the UAE, it can take up to 45 days to obtain an appointment.  

MAJ uses its local contacts to get you an appointment the same day. As the Emirates ID is required to access government services, this can save you valuable time and money.  

For example, once you have your Emirates ID, you can rent a flat. This means that you can reduce your expenditure on short-term rentals and get access to an annual rental contract as soon as possible. 

As soon as your residency validation process is fully validated with the receipt of your Emirates ID, we will help you to open your personal bank account and obtain your bank account number within 24 hours.

If you wish to obtain an account in the UAE without being a resident, our banking department can assist you in obtaining a "Saving account".  

As a non-resident, you will not receive a cheque book and can only use your debit card to withdraw or deposit funds at ATMs.

The unrivalled attractiveness of the United Arab Emirates in terms of taxation generates an exponential number of new company set-ups, year after year.   

This results in thousands of files to be examined by the local banking world, while taking care to ensure real checks to fight against money laundering.  

The FATF (Financial Action Task Force) has also added the UAE to its grey list for 2022 with the aim of accompanying the country in this ultra-fast growth and ensuring that it remains in perfect harmony with the respect of international fights (against terrorism, etc.).  

These verifications increase the time required to open a professional account in the Emirates.  

Moreover, in order to give priority to certain files, the sales representatives present in the banks and in charge of welcoming the applicants for accounts, do not hesitate to take advantage of this situation by demanding important liquidity deposits, or even a minimum balance to be left on the account at all times, on pain of financial penalties.  

It takes between 2 and 5 months, depending on many criteria, to open a business bank account.

To address this problem in terms of time, financial limitations, and administrative burden, MAJ offers an optional guaranteed opening of your business bank account, within 30 days, and with exceptional conditions.

Indeed, our agency takes full advantage of its unique and in-depth links with the local banking community to offer you the following benefits:  

• Opening of your account within 30 working days
• Next day signing
• No cash deposit required
• No minimum balance required on the account
• No need to provide a business plan
• No need to provide proof of a real estate rental agreement (Ejari).
• Extraordinary opportunity to sign your account opening upon validation of your residency and passport stamp, before receiving your Emirates ID (you gain up to 45 extra days).  

For more information about our unique banking service, please visit our dedicated page www.maj.ae/bank 

Club MAJ Business is a business club private business club.  

Access is strictly reserved for owners of a company in Dubai and by application only.

To find out more about Le Club, please visit our dedicated page.