UAE
UAE
"About Opening a Business in UAE"
1 COMPANY FORMATION
It is important to have a full understanding of your options before deciding how to establish your company’s presence in the UAE. The potential growth of your business in the UAE can be damaged by making the wrong choice, so please consider the following points when deciding the best structure for your needs:
01 The current nature of your business
02 Your business expansion plans
03 The current capital to invest
04 The need for outside investors now or in the future
05 The tax implications of the structure
06 Your personal liability and company risk
07 The need for audits and other accounting requirements to remain compliant
08 What sort of physical presence and PRO services do you require in the UAE
Benefits of Registering a Company in a Free Zone
- 100% foreign ownership is allowed
- 100% repatriation of capital and profits
- 100% exemption from corporate, personal, and income taxes
- Efficient communication procedures and single-window administration
- Flexibility to operate 24/7
- Freehold offices available for lease
- No restrictions on hiring expatriate
- There is no minimum capital requirement for the formation
Authorized Channel Partner
IFZA Free Zone
Price Starting from AED 12,900
RAKEZ Free Zone
Price Starting from AED 6010
SHAMS Free Zone
Price Starting from AED 5750
Meydan Freezone
Price Starting from AED 12,500
HFZA
Price Starting from AED 6010
DMCC
Price Starting from AED 5750
2 BANK ACCOUNT
- Personal Accounts: Open your personal bank account with ease.
- Business Accounts: Tailored solutions for your business banking needs.
- Multi-Currency Accounts: Manage multiple currencies effortlessly.
- Offshore Accounts: Secure and confidential offshore banking services.
Banking Partners
3 Vat/ Corporate Tax Registration & Filing
VAT refers to Value Added Tax, it was introduced in the UAE in 2018 and Corporate Tax in 2023.
- Ensure your bookkeeping is accurate and up-to-date
- Get your tax registration and filing done on time
- Optimise your taxes and get tailored and expert tax advice
- Apply global best practices to your accounting and tax activities
- Avoid potential penalties and fines for late registrations and filings
- Have more time to focus on your core business operations
Don’t guess how much you will pay to be tax compliant. Our pricing is simple, comes with monthly payment options and is tailored to your needs.
Our In House Team of professionally qualified and experienced accountants will provide your company with comprehensive accounting and bookkeeping services in Dubai and across the UAE that are tailored to your needs and budget.
Get compliant now and avoid tax penalties with free corporate tax registration and our tax & accounting packages
4 Audit
Audit and assurance service is one of the core services that every business need to track their financial transactions. Our professional auditors in UAE creates a precise, comprehensive, and balanced audit, ensuring compliance with the regulatory requirements. Availing proper audit services in UAE helps you ensure that your business is compliant with the UAE laws, regulations and accounting standards.
5 PRO Services
Streamlining Your Journey with Expert PRO Services
Discover the comprehensive suite of PRO services offered by Cognitas in the UAE. Simplify your business setup, ensure compliance, and save time and costs with our expert team.
6 Liquidation
Company liquidation, also known as License Termination & License Cancellation, is the process by which a business winds up its operations when it is no longer able to continue. The procedures and requirements for liquidation vary depending on the zone. The rules and processes for liquidation differ in all zones. Winding up a company is a complex task that involves a considerable amount of paperwork and legal work.
- Liquidating a company in Dubai can be a complex and time consuming process, but our team of experienced liquidators in the UAE can simplify the legal procedures and assist you throughout the entire process. If your company is struggling to generate enough revenue to cover its expenses or has accumulated significant debt, we can help.
- At Cognitas we prepare a comprehensive Liquidator’s report, also known as a No Liability Letter, which is prepared by a professional auditor. We then issue an Appointment of Liquidator’s Letter to inform the licensing authority followed by a Final Liquidator’s report that verifies all possible liabilities of the company.
The type of Liquidation to be chosen depends on the circumstances that invite the windup of the company. Below mentioned are the following types in which Company Liquidation can be conducted.
- Summary Winding up : This type of wind is done when the director of the company declares that within a period of 6 months the company can wound up.
- Solvent Winding Up: This type of wind is done when the director of the company declares that within a period of 12 months the company can wound up.
- Insolvent Voluntary Winding Up: This type of wind is done when the company has to pay off the debts to its creditors. As the name suggests, this wind-up is voluntarily done by the company.
As a Liquidator our projected role to …
- Drafting the Board Resolution
- Publishing Advertisement in English and Arabic News Paper
- Settling with Employees
- Settling with the Debtors/suppliers
- Visa Cancellation
- Bank Account Closing
- Obtaining NOC form Dewa, NOC from Local telecom Company
- Registered Tenancy Agreement Cancellation
- De-Register with FTA
- Preparation of the Liquidator’s Report
- Submission of the final Report to the Authority to get the De-Registration Certificate
7 Loan/Finance
Simplifies the process, ensuring a seamless flow of goods and money. Our trade finance services include:
- Invoice Discounting
- Trade & Forex ( LC, Guarantees etc)
- Business Loans/ Mortgages
8 Debt Settlement Services – Card & Personal Loan.
Negotiate Settling, Relief Services, Credit Card Settlement Services Dubai :
Overall, it is best to avoid getting into a situation where you have even a remote chance of being unable to repay your credit card bills. It is preferable to avoid getting into such situations than to suffer later. Try to use your credit card as little as possible. Even if you use your credit card frequently, make sure that your monthly bill does not exceed your monthly income. To maintain good financial health, either contact credit settlement services Dubai or make sure you only spend what you can afford and pay your bills on time.
