Different requirements will need different solutions; we offer many diverse options when it comes to offshore and free-zone company formations. Outside of company formation, we have a wide range of services that benefit our clients. Depending on what the situation is, we can advise clients as to the best way forward. Below are some of the most popular services that we provide. Please click the links to get a more detailed overview of what we can offer you.
UAE has over 4 dozen Free Zones, offering specialised environments (ie: Internet City, Media City, Health Village, Knowledge Village etc) and more generalised environments such as JLT, RAKIA, DWC 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. Free zone companies may establish Branch or Representative offices in Dubai provided they are also active within the Free zone and utilize the services of a local service agent. Free zone companies benefit from full banking facilities including credit / ATM cards. Being considered as a UAE resident company, they offer more credibility to the outside world and send a serious message about your presence in the UAE. Freezone companies are more expenisve to set up and maintain, starting at approx. 45,000 AED to form. The cost of renewal is dependent on License costs and office space leased.
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 Jebel 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. Offshore companies are the least expensive option and a good way to enter the market. Companies start at approx. 9,000 AED for set-up and first year fees and each year thereafter it is approx. 6,000 AED to renew.
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 unique benefits.
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 current system was riddled with a host of uncertainties and conflicting laws with plenty of advisors giving incorrect advice and selling in-appropriate solutions at exorbitant costs.
The property market in Dubai has had its ups and downs over the last decade; however it remains an attractive proposal for both investors and expatriates looking for a home. 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 United Arab Emirates.
We can offer clients an 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.
We can also help clients with compliance regulations, and have a dedicated Compliance Manager who has full understanding of the processes and legal requirements needed for all types of businesses.