JMIFX offers a wide range of onshore company formation services. We will guide you through the process, advice you on the right kind of license that your business needs, and help you acquire the license. These licenses are issued by the respective emirate’s Department of Economic Development.
Full foreign ownerships, sole proprietorships, and civil companies are permitted under a Professional Service License. While without involvement in the business, a UAE national, also known as the sponsor, must be appointed as a local service agent.
Businesses such as management agencies, law firms, and auditing companies require a professional consulting license. We will help you set up and prepare the various requirements for this license including paperwork, acquiring the business license and company formation, visa applications, and opening corporate bank accounts.
The service license is given to companies that provide clients with professional services such as spas, saloons, coffee shops, computer graphic design, and IT solutions. Foreigners may hold sole proprietorship of the company's shares. However, a UAE national must act as a Local Service Agent.
A limited liability company, also known as LLC, can be formed by 2-50 shareholders. Their liability is limited to their shares in the company's capital. Foreign equity in the company may not exceed 49% but profit and distribution loss can be prescribed. Ultimately, the members of the company cannot be held liable for the establishment's debts or liabilities.
Businesses registered as LLC are hybrid entities that combine the characteristics of a corporation and a sole proprietorship. Additionally, an LLC is the most common and popular method of establishing a commercial company in UAE.
A trading license, which is also known as a commercial trading license, is given to all trading companies engaged in buying and selling physical goods. The foreign shares partner may hold up to 49% of the shares while the remaining 51% will be for the Local National Partner. Businesses that require this type of license include importers and exporters, car rental services, brokerage firms, and logistics firms
Manufacturers, suppliers, and packing companies fall under the Industrial category. The foreign shares partner may hold up to 49% of the shares while the remaining 51% will be for the Local National Partner. Additionally, a physical office within the country is required for this license.
Free Zones are special economic zones that are tax-free and customs duty-free to foreign entrepreneurs. These locations are designed to help boost international business by permitting full ownership to expat investors without the need of a local sponsor.
Some benefits of forming your business in free zones include but are not limited to:
- No physical office requirement
- Free from corporate taxation with added bonus of 15 years guarantee in the free zone
- Abundant yet inexpensive energy
- Efficient recruitment procedures
- Admin support from the Free Zone Authority
Dubai Free Zones are governed by the Free Zone Authority. They operate outside the Laws of Ministry of Labor. JMIFX offers services related to free zone company formation such as company incorporation procedures consultancy, trade name reservation and approval, and commercial facility rentals among others.
Dubai World Central (DWC)
Dubai World Central is strategically located near the Jebel Ali Sea Port. It supports different trade activities such as logistics, aviation, residential and leisure-related businesses. Collectively, the establishments located in DWC serve as a strategic platform for the growth and development of aviation, logistics, and ancillary service businesses.
Dubai Multi Commodities Centre (DMCC)
Established to uplift the commodity market, the Dubai Multi Commodities Centre supports key segments of its core industry such as precious metals, stones, and energy. Businesses in DMCC are guaranteed a 50-year tax holiday and freehold property options.
Dubai International Financial Center (DIFC)
The Dubai International Financial Center is a free zone that permits companies primarily from East Asia and Europe to extend their business within the region. The free zone focuses on the financial industry such as the insurance sector, investment companies, and banks.
JMIFX offers a wide selection of family office services. Our team of financial and investment advisors will help you create and design comprehensive solutions. Ultimately, these are tailored to meet the needs of each client for their family offices.
Sharjah is located along the southern coast of the Persian Gulf. The emirate has several free zones and continues to develop new business opportunities for entrepreneurs and investors. In fact, Sharja contributes to at least 7.4% of the GDP of the UAE, making it a center for culture and industry.
Hamriyah Free Zone (HFZ)
Established in 1995, the Hamriyah Free Zone is quickly becoming one of the cornerstones of UAE's industrial development. In fact, it is the second largest free zone in the nation. It is connected to a 14-meter deep-water harbor. Ultimately, this free zone primarily caters to small and medium enterprises (SMEs). It also offers discounted rents and minimum reporting facilities to these businesses.
Sharjah Free Zone (SAIF Zone)
The SAIF Zone is strategically located near the Sharjah International Airport. Its location permits businesses to establish warehouses, container parking, labor, and housing at economical prices. Known as the industrial powerhouse of the country, SAIF Zone services nearly 3,000 companies from 91 countries.
Sharjah Media City (Shams)
Dubbed as the cultural capital of the UAE, Shams was established with a vision to be a hub for media and creativity of world-class quality. Its community fosters a lively environment to inspire innovation, education, and co-creation. Shams is a dynamic free zone that encourages all startups, SMEs, and established companies to grow not only locally but also internationally.
Setting up your business in Ajman is not only cost effective but also convenient for smaller companies. The cost of living in the emirate is relatively lesser than its counterparts thus making Ajman a viable location for SMEs and startups.
Ajman Free Zone (AFZ)
Established in 1988, the Ajman Free Zone is strategically located across the Ajman Port. Its geographic position grants companies accessibility to international airports in Dubai and Sharjah. Essentially, this free zone is ideal for SMEs and startups for its affordability and reliable infrastructure.
Umm Al Quwain is a rapidly developing and prosperous emirate with modern infrastructure. The region is known for its desert landscape and has become a popular leisure destination for both locals and tourists. Umm Al Quwain's stable economy and open investment climate have opened doors to new strategic businesses in the emirate.
Umm Al Quwain Free Trade Zone (UAQ FTZ)
Umm Al Quwain Free Trade Zone is one of the most business-friendly free zones in UAE. It is located near the country's primary seaports and only an hour's drive from both Dubai and Sharjah's international airports. Businesses, regardless of the sector they belong in, can operate in a safe and advantageous environment with 100% ownership and no currency restrictions.
Ras Al Khaimah is only 45 minutes away from Dubai and is quickly becoming an investment hub. It is home to more than 8,500 companies from over 100 countries in its free zone alone.
RAK Free Zone
The Ras Al Khaimah Free Zone has been awarded the "Best Emerging Free Zone" for two consecutive years and has developed into a globally competitive business hub. Businesses established in RAK Free Zone can enjoy zero taxes, full foreign ownership of the company, complete return of capital and profits, and long-term corporate tax exemptions.
With a coastline solely on the Gulf of Oman, Fujairah offers businesses and organizations unique and expansive opportunities, particularly in logistics services. The emirate also offers entrepreneurs a lower cost of operating licenses, a new initiative that not only benefits new businesses but also the region.
Fujairah Free Zone
Establishing your company in Fujairah Free Zone grants you easy access to the world's major shipping routes and the emirate's international airport. Businesses can avail of low-cost office space as well as affordable housing options. Like its counterparts, Fujairah Free Zone allows businesses to completely own their shares without assigning a local sponsor, enjoy 100% of their profits, and enjoy zero taxes.
An offshore company is a legal structure that permits low to zero tax environments for businesses. Commonly known as “international business company,” an offshore company helps entrepreneurs manage their taxes, shield assets, manage risks, avoid bureaucracy, maintain anonymity, and grow their assets.
Formed in 2015, the Ras Al Khaimah International Corporate Centre is a union of RAK International Companies and RAK Offshore. The Centre is responsible for the registration and incorporation of IBCs. Additionally, it offers all-around registry services. RAKICC operates in compliance with international standards and best practices.
Known as one of the largest and fastest-growing free zones in the country, the Jebel Ali Free Zone Authority is home to more than 6,400 companies. Companies established in this free zone are not physically present in the country. Shareholders have no resident visas but are recognized as legal businesses.
Offshore businesses established in Ajman Free Zone are offered various benefits such as zero taxes, full privacy, and complete repatriation of profits. The emirate offers the cheapest rates for setting up an offshore company. While Ajman offshore companies are not allowed to engage in business activities in the UAE, shareholders are allowed to invest in UAE companies.
The British Virgin Islands is known to be one of the world's leading financial centers. It offers leadership and a sophisticated society. Thus, it is perfect for offshore businesses. To date, there are more than 450,000 companies registered under the British Virgin Islands corporations. It provides companies a legal framework to be exempted from taxes and secure a private environment.