What's the best service to use for Dubai company setup?

[turmpy]

I can see that some of the providers who were previously active here have disappeared and others are just silent. Does this mean that Dubai is dead as the great adventure where one could establish their offshore company in Dubai and live in a tax haven?

Which service should one use to set up a company in Dubai and a bank account, do you have any suggestions?

Is there anything else I should be aware of besides the 9% corporate tax?

 

[uk29]

I used Fred / DLS Dubai to incorporate in Dubai but they have since stopped‌ trading. However, his staff moved over to work directly with IFZA.

I would recommend reaching‍ out to IFZA directly as they offer the same setup.

It took around 4 days⁠ for the business incorporation/setup and 1 week for visa approval.

When I arrived in Dubai⁤ at 9AM, I was collected at 9.30AM to go for the medical and finger prints.⁣ My Emirates ID was received 1 week later. The personal bank account was opened and⁢ card delivered in 4 days and the business account opened and card delivered in 5︀ days.

In total, it was just under 2 weeks once in Dubai to have everything︁ setup and received.

The only thing to note with Dubai is 9% corporate tax after︂ the first 375,000 AED and that audited accounts are a requirement. I simply pay an︃ accountant for this.

 

[call2vn]

Can you introduce your auditor?

 

[JohnLocke]

There's no need for someone to introduce you; you can contact IFZA directly and have‌ them help you with whatever you need.

 

[boomy]

Is there still anonymity with a Dubai company or do they exchange information the same‌ way as every other country do today?

 

[JackAlabama]

Im highly dissatisfied by the random inspection requests which come out of the blue and‌ create a lot of work.
Actually good for me as I'm getting paid for some‍ assistance by a few businesses I personally know, but it creates a lot of stress.⁠

If you go forward, be very diligent and collect all papers well (invoices, contracts) and⁤ keep your books well organized.

 

[uk29]

I also had an inspection⁣ request, I agree it was quite stressful but it was easily resolved by submitting some⁢ contracts, invoices and copies of documents

 

[JackAlabama]

sure but how are you gonna to advertise that fact 😉
Every normal business person⁠ expects clear guidance upfront such that no surprises arise.

 

[clemens]

quick one, how long‍ have you been in business ? Won't engage with you if it ends like Fred's⁠ service.

 

[clemens]

That's something I can work with 😉

 

[bitco777]

how much cost company plus visa ?

 

[Henn and Rich]

depending on license‌ activity and if you are taking office space or not, if you need banking or‍ not etc.

 

[drphantom]

ouch advertising without mentor group gold! wonder how long before your posts get removed!⁠

 

[Henn and Rich]

I posted this when I had mentor group gold 🙂

 

[daniels27]

Seems he reported you and it has been deleted by now.

 

[Henn and Rich]

fantastic, god bless

 

[John Doe GOLDEN STAMP]

Gentlemen, Is it really⁢ surprising that proper documentation and compliance checks are necessary? If we compare doing business in︀ the UAE to, say, the UK (excluding tax rates), then the UAE is remarkably simple︁ , smooth as a baby’s skin, so to speak.

Personally, I’ve always been , and︂ remain , a strong supporter of the Mainland jurisdiction. Let’s not forget that Free Zones︃ often have their own internal, constantly changing regulations, which tend to be more about increasing︄ costs and adding layers of bureaucracy than supporting business growth.

As for offshore options in︅ the UAE , it’s ADGM or nothing. Beyond that, true offshore credibility still belongs to︆ Switzerland, the UK, and the Islands.

 

[JustAnotherNomad]

Switzerland? Please elaborate.

 

[wonderfulboy]

that would require a new thread!

There are plenty of providers present here on OCT to stay on topic! You can just‌ look around or search for Dubai companies, and they'll come up.

 

[drphantom]

There are few good ones around, but we don't have any real reviews about them.‌