A new Dubai Instant company License ??

[Gediminas]

gmbh said:
Are there free zones with audit requirements for accounting, too?
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In Dubai, yes.

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https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[geekhacks]

I see ESR filling mentioned couple times...is it required even if you are not falling in those ESR categories? From my understanding it not applies to all companies?

 

[rowena]

geekhacks said:
I see ESR filling mentioned couple times...is it required even if you are not falling in those ESR categories? From my understanding it not applies to all companies?
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It applies to all companies and no need to fill if you're not dealing with the related activities.

 

[geekhacks]

Thats kinda yes and no answer 🙂 So in that case you don't nt have to do anything?

 

[rowena]

It completely depends on your business nature. If your business falls into related activities then you have file a notification(+report probably) otherwise you don't have to do anything(no notification or report).

 

[geekhacks]

rowena said:
It completely depends on your business nature. If your business falls into related activities then you have file a notification(+report probably) otherwise you don't have to do anything(no notification or report).
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Thank you, this is exactly what I meant.

 

[BlueMist]

If you do any profit shifting between foreign company you are a shareholder or director of and your UAE company then ESR definitely applies. Again sometimes what we think may not be seen the same as per the law.

 

[mrklebara]

BlueMist said:
I doubt this is possible. I do generally agree that it makes better sense these days to incorporate in Dubai vs in smaller Emirates, not only because of banks, Dubai residence etc, also because of political situation, where all other 6 Emirates depend on Abu Dhabi immigration control policy (including foreign nationals quota) and foreign travel policy (ICA) vs Dubai (GDRFA).

However realistically speaking the running costs of proper business of €4000 a year could may relate to annual renewal of trade license only. Any basic accounting package which includes bookkeeping and VAT reporting is at least AED 12.000 per annum (these are standard market rates). That's already €7000. Then you have to add audited accounts (surely at least AED 1000+), rental office if required for the substance, ESR advise and filling etc. Legal fees for compliance review and ESR filling for very basic setups can easily reach over AED 4000.
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Hi Fred, it does seem a bit low compared to prices you can see on the web. can you please explain how do you do it or if there is anything left outside?

 

[Fred]

mrklebara said:
Hi Fred, it does seem a bit low compared to prices you can see on the web. can you please explain how do you do it or if there is anything left outside?
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It's everything included like mentioned on our website.

If you need any calrification details just send me PM and we can have a call.

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[isyet]

bibing said:
Tried to register but when I inserted the email address it gave me this error
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I think they want company or professional email.

Last edited: Feb 10, 2021

 

[Asense]

Fred said:
It's everything included like mentioned on our website.

If you need any calrification details just send me PM and we can have a call.
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Hi Fred, can you send me a message, I don't have the ability. I have a couple of questions. Thank you.