Finding the right structure to meet your needs
Different requirements will need different solutions; we offer many diverse options when it comes to offshore and free-zone company formations. Depending on what the situation is, we can advise clients as to the best way forward. Below are some of the most popular company formations that we provide. Please click the links to get a more detailed overview of what each entity can offer you.
As a global financial center, Dubai attracts many companies and individuals from all over the world who are keen to establish business entities in Dubai and benefit from operating in a stable, well regulated, respected, white-listed jurisdiction and tax free environment. UAE law permits foreign entities and individuals to establish various structures in the UAE. Below is a brief introduction to the three most common company structures available:
Offshore Company Formation within UAE Free-zone Company Formation
These companies are relatively quick to set up, in-expensive and easy to manage. They are modeled on the BVI offshore company structure and are available through Jabel Ali Free Zone Authority and Ras al Khaimah Free Trade Zone Authority. Offshore companies permit 100% foreign ownership, can have bank accounts in Dubai and are good for asset holding, international trading and consultancy activities. Trading within the UAE is not permitted unless done through a locally licensed distributor or agent. The client is not obliged to visit Dubai for company set-up. Corporate shareholders are permitted. These are the least expensive option and a good way to enter the market.
Limited Liability Company
These companies are registered and licensed by the Dubai Economic Department and are permitted to carry out all activities (except restricted ones such as banking, insurance etc). They are free to trade both within the UAE and overseas. However they need to have a 51% local sponsor (shareholder). There are no restrictions on hiring staff, leasing office space in mainland Dubai and obtaining residency visas. If the business model entails dealing within the UAE, then an LLC company is the only viable option.
Property Purchase in Dubai & UK
.There are several benefits of owning a property through a corporate structure and Alpha Management would be happy to advise you on the potential savings or investment opportunities that arise through owning real estate here in the UAE. We can also help provide property-owning structures in the UK. This can be useful for Estate Planning and the general tax efficiency.
Accounting Support Services
We offer clients a full accounting support service that includes preparing and maintaining accounting records, preparation of management reports and financial statements and compilation of the financial records for annual audit purposes. It is more efficient for the majority of businesses to outsource non-critical functions such as accounting, HR, payroll, and property maintenance to concentrate on the core-income producing tasks.
UAE has over four- dozen Free Zones, offering specialised environments (IE: Internet City, Media City, Health Village, Knowledge Village etc) and more generalised environments such as JLT, RAKIA, SAIF Free Zones. Free zone companies permit 100% foreign ownership, and may engage in a wide range of activities but trading within the UAE is not permitted unless done through a locally licensed distributor or agent. Such companies are considered resident in UAE for Double Tax Treaty benefits, can apply for residency visas, lease premises within the free zone and hire staff.
Offshore Company Formation Worldwide
There are several Offshore Jurisdictions in which we can incorporate a company, including British Virgin Islands (B.V.I.), Cayman Islands, Mauritius, Seychelles, Hong Kong and many more. Each jurisdiction has its own advantages and can benefit our clients depending on their situation or location. Costs vary but are generally inexpensive and easy to form with the right compliance. These can only be incorporated through registered agents such as Alpha Management Ltd. Please ask for more details if interested.
DIFC Wills & Probate Registry
The launch of the DIFC Will & Probate Registry in May 2015 removes one of the greatest sources of confusion and uncertainty faced by expatriates living and investing in the UAE with respect to the distribution of their assets on death. The new Registry will help clear up the confusion and provide concrete re-assurance for non-Muslim's estate planning.
DIFC Special purpose company (SPC)
A DIFC Special Purpose Company (SPC) is a private company limited by shares and incorporated under the laws of the DIFC. An SPC has access to the DIFC’s advantageous infrastructure including its own court system which is presided over in English. It is specifically designed to be used in structured finance transactions. By virtue of being established in the DIFC an SPC enjoys numerous benefits, not least of which is there is no-requirement to lease office space.