Types Of Companies
COMPANY FORMATION
With the advent of technology, registering a company is also just a click of the button away. Bizway Documents Clearing LLC provides its clients the opportunity to register their company online entirely. All it requires is a few moments of your time. Our experts take care of all the documentation processing for which your presence is not required. The client is only required to visit for the visa processing.
Types Companies in UAE
- Online Company
Online company formation enables entrepreneurs and businesses to establish their legal entities quickly and efficiently through digital platforms. This streamlined process eliminates the need for physical paperwork and in-person visits, making it convenient and accessible for users globally.
Benefits of Online Companies
- Convenience and Speed
- Cost-Effective
- Accessibility
- Document Management
- Support Services
- Mainland Company
Mainland Companies are legal entities incorporated in the mainland of Dubai or other emirates of the UAE, outside the free zones. Governed by the UAE Commercial Companies Law and regulated by the Dubai Department of Economy and Tourism (DET), these companies can operate both within and outside Dubai, engaging in a wide range of business activities.Mainland companies are ideal for businesses looking to tap into the local market, trade within the UAE, and expand across the GCC.
Benefits of Mainland Companies
- Full foreign ownership permitted.
- U.A.E. - wide business activity permission.
- Unrestricted currency exchange.
- Personal taxes not levied.
- Optional yearly auditing.
- Complete repatriation of capital and profits.
- Diverse range of license types and activities.
- No capital required for a local Dubai license.
- Readily available employment visas.
- Free Zone Company
Online company formation enables entrepreneurs and businesses to establish their legal entities quickly and efficiently through digital platforms. This streamlined process eliminates the need for physical paperwork and in-person visits, making it convenient and accessible for users globally.
Benefits of Free Zone Companies
- Full foreign ownership permitted.
- No imposition of currency restrictions.
- Complete repatriation of capital and profits.
- Economic wage structures.
- Complete exemption of income and corporate taxes.
- Flexible expatriate workforce hiring.
- Swift, efficient, and easy registration procedures.
- Uninterrupted import and export procedures.
- Personal taxes not levied.
- Offshore Company
Offshore Companies, also known as International Business Companies (IBC), are non-resident entities incorporated in tax-free jurisdictions outside the UAE but with a registered office in Dubai. Governed by the laws of their incorporation jurisdiction, these companies are not allowed to conduct business within the UAE. Offshore Companies are primarily used for holding assets, such as real estate or intellectual property, and for wealth management. They are ideal for individuals or businesses seeking asset protection, confidentiality, and tax optimization.
Benefits of Offshore Companies
- Office or industrial premises rental not required.
- Tax optimization available.
- International financial diversification facilitated.
- Chamber of Commerce registration not mandatory.
- Conducting business within the Middle East, excluding the UAE, is easier.
- Residence visa not necessary .
- Guaranteed privacy, confidentiality, and asset protection.
- Corporate bank accounts offer multi-currency options.
- Personal taxes not levied.
- No foreign exchange controls or trade barriers exist.
- Establishment of company account possible.
- Can serve as intermediaries in transactions between your company and foreign entities.
- Full ownership allowed.
- Holding shares in UAE Free Zone companies and LLCs is permitted.
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