Investment Consultancy Business Setup in Dubai Mainland - Dhanguard

Investment Consultancy Business Setup in Dubai Freezones: A Comprehensive Guide

Dubai, known as the financial hub of the Middle East, has emerged as a prime destination for businesses seeking a strategic base in a thriving economy. One sector that has witnessed significant growth is investment consultancy. This article will delve into the intricacies of setting up an investment consultancy business in Dubai's freezones, highlighting the advantages of choosing Dhanguard for a seamless and successful business establishment. Beyond administrative tasks, We stand by your side as a guiding light, offering insights from years of experience. Our team is ready to tackle challenges head-on, offering practical solutions that pave the way for your success. With Us, you can be confident that your business aspirations in the UAE will be met with unwavering support, proficiency, and an unwavering commitment to your growth.

What is a Freezone?

A designated region within a nation that grants exclusive business benefits to local and international companies is commonly known as a freezone, also referred to as a free trade zone or economic zone. Typically established to stimulate economic growth, attract overseas investments, and ease global commerce, these zones operate under distinct regulations separate from the rest of the country. Such areas often offer enticing advantages like tax incentives, complete foreign ownership rights for businesses, simplified customs procedures, and streamlined administrative processes. Concentrating on specific sectors such as technology, finance, healthcare, media, and more allows these zones to provide an environment conducive to thriving businesses within those industries. Freezones play a critical role in nurturing innovation while generating employment opportunities and contributing significantly to regional or national economic advancement by reducing barriers for enterprises operating within them.

Why Dubai Freezones for Investment Consultancy Business Setup?

Establishing an Investment Consultancy Business in Dubai's free zones presents a range of compelling reasons for entrepreneurs seeking a strategic advantage in the global market. Dubai's free zones offer an enticing combination of strategic location, business-friendly regulations, and unparalleled opportunities. The city's centrality connects businesses to needs across continents, facilitating efficient outreach to a diverse clientele. The freedom of 100% foreign ownership within free zones empowers entrepreneurs to maintain complete control over their ventures while tax benefits, including exemptions, amplify profitability. Dubai's cutting-edge infrastructure, including modern office spaces and advanced communication networks, sets a sophisticated backdrop for conducting consultancy services. The city's vibrant ecosystem promotes networking, providing avenues to forge crucial partnerships, secure clients, and access investment prospects. Moreover, Dubai's specialization in sector-specific freezones, such as finance and technology, ensures tailored support for niche consultancy areas. With streamlined processes and Dubai's renowned reputation, setting up an Investment Consultancy Business in the city's freezones offers a transformative platform to thrive amidst global competition, leveraging its strategic advantages, cultural diversity, and exceptional business ecosystem.

Here's why setting up your investment consultancy business in a Dubai freezone is a prudent choice:

100% Foreign Ownership: 

Freezones in Dubai offer foreign investors the advantage of 100% ownership of their businesses, providing unparalleled control over operations and decision-making.

Tax Benefits: 

One of the most attractive features of Dubai's freezones is the absence of corporate and personal taxes for a specified period, significantly enhancing investment ventures profitability.

Strategic Location: 

Dubai offers excellent connectivity to global markets, making it an ideal base for investment consultancy firms to cater to clients across continents.

Infrastructure and Facilities: 

The freezones boast state-of-the-art infrastructure, advanced technology, and world-class facilities, creating an environment conducive to business growth.

Simplified Procedures: 

Setting up a business in a Dubai freezone involves streamlined procedures, allowing entrepreneurs to expedite the process and commence operations promptly.

Choosing the Right Free Zone

Selecting the appropriate free zone is crucial for the success of your investment consultancy business. Each freezone has specific regulations, costs, and focus areas. 

Here are a few free zones in Dubai that are generally well-regarded for business setup, including Investment Consultancy:

1. Dubai International Financial Centre (DIFC): Known as a significant financial hub, DIFC offers a business-friendly environment for financial and professional services, making it suitable for investment consultancy businesses. It has a comprehensive regulatory framework and a sophisticated ecosystem.

2. Dubai Knowledge Park (DKP): DKP might be a good fit if your investment consultancy business involves education and training services. It's designed for education, training, human resource development, and consultancy companies.

3. Dubai Silicon Oasis (DSO): DSO could benefit if your investment consultancy involves technology and innovation. It's a tech-focused free zone with infrastructure and services catering to technology-related businesses.

4. Dubai Media City (DMC) and Dubai Internet City (DIC): If you plan to offer investment consultancy services to media or tech companies, these two free zones might be suitable. DMC specializes in media and communication, while DIC is focused on technology and ICT.

5. Dubai South Free Zone: Positioned near the Al Maktoum International Airport, Dubai South offers facilities for various industries, including logistics, aviation, and professional services.

6. Jebel Ali Free Zone (JAFZA): Although not directly focused on consultancy, JAFZA is one of Dubai's oldest and largest free zones, accommodating a wide range of industries. It might be worth exploring if you're looking for a versatile environment.

7. Dubai Multi Commodities Centre (DMCC): While primarily known for the commodities sector, DMCC is open to various types of businesses. This might be a suitable option if your investment consultancy deals with commodities trading.

When choosing a freezone, it's essential to consider factors like location, target clients, infrastructure, regulations, and cost. Additionally, regulations and business environments can change, and Dhanguard will provide you with the most current and tailored advice.

Steps to Establish an Investment Consultancy Business in Dubai Freezones:

The following the procedure to setup an Investment Consultancy Business:

Market Research: 

Conduct thorough market research to understand Dubai's demand for investment consultancy services and identify your target audience.

Business Plan: 

Develop a comprehensive business plan outlining your services, target market, competitive analysis, and financial projections.

Choose a Freezone: 

Select a suitable freezone in Dubai based on your business requirements, considering factors like industry focus, facilities, and proximity to clients.

Legal Structure: 

Choose an appropriate legal structure for your investment consultancy business, such as a Free Zone Company (FZC) or a Free Zone Establishment (FZE).

Company Name and Licensing: 

Reserve a unique business name and apply for the licenses from the chosen free zone's authorities.

Registration:

Complete the registration process, obtain the required licenses, and fulfil all legal formalities.

Bank Account: 

Open a corporate bank account in Dubai to facilitate smooth financial transactions.

Dhanguard is your invaluable partner in setting up your business in the UAE. With a deep understanding of the local business landscape and regulations, Dhanguard is poised to provide comprehensive assistance at every step of your entrepreneurial journey. From navigating the intricacies of licensing and legal requirements to helping you identify the most suitable business structure, Dhanguard's expertise ensures a smooth and efficient setup process.

Why Choose Dhanguard for Investment Consultancy Business Setup in Dubai Freezones?

Expertise and Experience: 

Dhanguard boasts a team of seasoned experts with extensive experience facilitating business setups in Dubai's freezones. We possess in-depth knowledge of local regulations and procedures, ensuring a hassle-free process.

Tailored Solutions:

Recognizing that each investment consultancy business is unique, we provide customized solutions that align with your needs and goals. From legal structuring to licensing, our approach is tailored to optimize your success.

End-to-End Support: 

We offer comprehensive end-to-end support, guiding you through every step of the setup process. This includes market analysis, business planning, legal documentation, and operational setup.

Networking Opportunities: 

Our established presence in the Dubai business ecosystem allows us to offer valuable networking opportunities, connecting you with potential clients, partners, and collaborators.

Time and Cost Efficiency: 

Leveraging our expertise, we ensure that the setup process is efficient, saving you time, effort, and unnecessary expenses. We understand the importance of a quick and cost-effective launch.

Compliance Assurance:

Navigating the regulatory landscape can be complex. Dhanguard ensures strict adherence to all legal and regulatory requirements, safeguarding your investment and reputation.

Setting up an investment consultancy business in Dubai's freezones is a strategic move that offers numerous advantages, including favourable tax incentives, 100% foreign ownership, and a conducive business environment. By choosing Dhanguard, you can tap into our expertise, experience, and comprehensive support to establish your business seamlessly. Dubai's thriving economy and our tailored guidance present a winning combination for a successful investment consultancy venture.

Overview

The term "offshore" refers to a situation in which company investors seek to invest in an offshore jurisdiction in order to benefit from tax exemptions. The tax advantages have become increasingly popular among corporate investors over time.

As a result, most countries have taken the necessary steps to become popular offshore jurisdictions.

The United Arab Emirates is no exception on this front, as it is one of the most sought-after locations for persons in the offshore industry to launch an offshore firm. This guide focuses on the various factors to consider while forming an offshore business in the United Arab Emirates.

The United Arab Emirates: A Popular Offshore Jurisdiction

You've probably heard that company owners and entrepreneurs are focused on the UAE as a place to launch their firm. The UAE has made it easy to start a business, whether it's a food truck or an accounting firm.

The following question is: What is an Mainland in the United Arab Emirates?

The answer can be found below.

The United Arab Emirates has a long history of being a stable and tax-avoidant jurisdiction. The UAE has never been blacklisted as a country that fails to comply with anti-money laundering legislation because it complies with all international requirements.

The directive and the agreement with the OCED (Organization for Economic Co-operation and Development) have also not been signed by the country. In light of this, offshore businesses incorporated in the UAE are now one of the most effective safeguards for investor confidentiality and rights. Furthermore, the Arab Emirates offers a dependable and stable financial system for offshore enterprise UAE operations.

When it comes to an offshore jurisdiction, the Emirates Jebel Ali Free Zone Authority (JAFZA), Ras-Al-Khaimah Free Trade Zone (RAK), and Ajman Free Zone have shown to be advantageous.

Mainland Advantages

The Advantages of Creating an Mainland in the United Arab Emirates

• There are no taxes or customs duties.
• Profits are fully repatriated.
• It is permissible to have 100 percent foreign ownership.
• The corporation only needs one shareholder and one director to be registered.
• The company's capital can be in any currency.
• There is no requirement that the funds be deposited in an offshore bank account.
• The privacy is beneficial to the stockholders.
• Opening a corporate bank account through an offshore corporation is a cheap and simple process.

How to Form an Mainland in the United Arab Emirates?

In order to establish an offshore business in the United Arab Emirates, you must go through a series of steps. In Dubai, forming an Mainland is a simple and straightforward process that can be finished in a couple of weeks. The procedure is as follows:

Choose a Business Name

The company's name must first be validated with the Registrar. The words insurance, bank, building society, cooperative, fund, Municipal, Chamber of Commerce, trust, Royal, chartered, finance, mutual fund, Emirate, and Emirates must not appear in the firm name. Finally, the firm name must include the words Ltd. or Incorporated.

Fill out an application form.

After deciding on a company name, applicants must complete an application form and submit a collection of supporting documents, which include:

• The shareholders' and directors' identities must be verified.
• The shareholders' and directors' addresses must be verified.
• The shareholders' and directors' curriculum vitae.
• A well-thought-out business plans.
• Photocopies of the directors and shareholders.

Individuals and corporate business entities submit documents in different ways. The next section contains all of the necessary information.

Submission of the Documents in Question

Following the collection of the necessary documents, they must be submitted to the appropriate authorities, who will assess them and provide the necessary approvals.

Draft MOA and AOA.

Following that, the Memorandum of Association (MOA) and Articles of Association (AOA) must be written in English, as this is the most practical language for international company.

After the documents have been prepared, they are inspected by the authority; once approved, you can start your business.

Open a Bank Account in a Foreign Country

The third step is to open an offshore bank account, which allows business owners to conduct transactions with more convenience. Here's a step-by-step explanation on how to open an offshore bank account  that will help you understand the entire process.

Offshore jurisdictions also assist business owners in forming an offshore corporation and establishing an offshore bank account in various places. An anonymous offshore bank account can be opened using the same procedure.

Remember that an offshore firm can only conduct business in the UAE if it opens an offshore bank account in Dubai and buys real estate. In contrast to an onshore firm in a Free Trade Zone, an offshore corporation does not qualify for a resident visa in the UAE.

Features and Regulations of UAE Offshore Incorporation

• The company's capital can be any amount, divided into any number of denominations.
• One shareholder and director are the bare minimum.
• There are no bearer shares or differential classes of shares allowed, and all shares must be completely paid when allotted. There is, however, no necessity that the capital be deposited in a bank.
• On UAE off shore incorporation corporations, 100 percent foreign ownership is permissible, as well as 100 percent tax and duty exemption.
• It is possible to open a corporate bank account in a bank in Dubai, United Arab Emirates.
• The Company must appoint a registered agent (legal firms, auditors, and consultants) from the approved list of registered agents maintained by UAE Free Zone.
• The UAE Free Zone is home to the Offshore domicile.
• The investors do not need to go to the authority to form the company, but they must sign the forms at the registered agent's office.
• Only if there is a suspicion, will audited financials be requested.

Start your business today in the fastest growing jurisdictions in the world: UAE

RAK and JAFZA are the two main jurisdictions in the UAE that offer Offshore Companies. Both are “tax-free” jurisdictions, meaning they have no income or corporation taxes and allow 100% foreign ownership. Over 40 nations have Double Tax Treaty agreements with the UAE.

Offshore companies can open multi-currency accounts in the UAE and conduct international business. They are, however, prohibited from doing business with UAE residents or having physical locations in the UAE.

RAK and JAFZA both have their own set of advantages. Although RAK is the most cost-effective option, JAFZA is the only Mainland that is legally able to own property in Dubai.

Offshore companies in the UAE should not be confused with free zone companies in the UAE. Free Zone Companies are onshore companies that are allowed to do business in Dubai under specified conditions. They are also subject to the 0% corporate tax rate, but they are able to seek residency in the UAE for its shareholders, directors, and workers.

Both RAK International Companies (RAK ICs) and JAFZA Offshore Companies are required by local company legislation to hire an approved registered agent.

JAFZA Mainland Incorporation

In 1985, the JAFZA was established. It is an industrial region that surrounds the Jebel Ali Port, one of the world's busiest shipping ports, and allows foreign enterprises based there to take advantage of the free zone's specific benefits. These include a 15-year tax-free period for corporations, no personal income tax, no import or export taxes, no currency restrictions, and easy labour recruitment.

Jebel Ali is about an hour's drive from Dubai, the UAE's capital city, and is just outside of Dubai. Just beyond the port area lies the Al Maktoum International Airport, which is slated to be the world's largest airport in terms of both freight and passenger volume.

The Mainland was established in 2003 by the Jebel Ali Free Zone Authority (JAFZA), in collaboration with the Dubai Government, under the Jebel Ali Free Zone Offshore Companies Regulations 2003.

The following are the main characteristics of a JAFZA Mainland:

• Shareholders — There must be at least one shareholder, and corporate shareholders are allowed. All corporation paperwork must be authenticated for international corporate shareholders.
• Corporate directors are not permitted, and a minimum of two directors is necessary. The public registration does not provide information about the directors;
• A secretary is required in every business. A company director might also serve as the secretary of the firm.
• Share Capital - There is no requirement for a minimum share capital.
• Annual Reporting - Accounting records must be kept for a period of ten years from the date of preparation. To study and report on accounts, the corporation must appoint an auditor (from a pre-approved list).

The following are the main advantages of registering an offshore corporation in JAFZA:

• A hundred percent foreign ownership is not required under the JAFZA Offshore Companies Regulations;
• Local Real Estate Ownership - The JAFZA Offshore Firm is the only Mainland allowed to own local Dubai real estate directly. JAFZA offshore corporations can own most properties in Dubai, however both Free Zone and developer clearance is necessary.
• Shares in Local Companies — Despite the fact that Offshore Companies are prohibited from doing business with UAE residents, the authorities allow Offshore Companies to own shares in both Free Zone and Onshore (LLC) Companies. Documents for usage in the United Arab Emirates, Bahrain, Saudi Arabia, and Qatar do not require attestation.
• Local Bank Account — To conduct ordinary international transactions, an Mainland can open multi-currency bank accounts in the UAE.
• Shareholder/Director information - Shareholder and director names are not required to be listed on a public registry.
• Inspection - The registrar has the authority to appoint inspectors to look at an Mainland's affairs. All inspection fees may be owed by the company's owner.

Ras al Khaimah Mainland Formation

Ras al Khaimah, about an hour's drive from Dubai, is one of the seven Emirates that make up the United Arab Emirates. With manufacturing accounting for 26% of GDP, RAK has the highest level of industrialisation in the UAE. Its reputation has been based on a business-friendly investment environment and low costs. RAK's business costs are 25 to 50 percent cheaper than the UAE average, allowing businesses to maximise their return on investment.

The Ras al Khaimah government established the International Company structure, commonly known as the RAK Mainland, in September 2006. These are governed under the International Companies Regulations 2006 of the Ras Al Khaimah Free Trade Zone Authority.

The following are the main characteristics of a RAK Mainland:

• Shareholders — There must be at least one shareholder, and corporate shareholders are allowed. All corporation paperwork must be authenticated for international corporate shareholders.
• Corporate directors are permitted, although a minimum of one director is necessary. The public registration does not provide information about the directors;
• A secretary is required in every business. A company director might also serve as the secretary of the firm.
• Share Capital - There is no requirement for a minimum share capital.
• Annual Reporting - Accounting records must be kept for seven years from the date of preparation. The accounts, on the other hand, are not required to be filed with the RAK authorities.

The following are the main advantages of forming a RAK Mainland:

• 100% Foreign Ownership - No local equity is required under the RAK International Company Regulations.
• Shares in Local Companies — Despite the fact that Offshore Companies are prohibited from doing business with UAE residents, the authorities allow Offshore Companies to own shares in both Free Zone and Onshore Companies. In the UAE, Bahrain, Saudi Arabia, and Qatar, documents do not need to be authenticated.
• Local Bank Account — To conduct ordinary international transactions, an Mainland can open multi-currency bank accounts in the UAE.
• Fast Incorporation - After receiving all application and due diligence papers, RAK IC will normally register a company within one week.
• Shareholders and directors' names are not required to be listed on a public registry.

Why Choose Dhanguard?

For international entrepreneurs and investors, establishing a company in the United Arab Emirates opens up a world of possibilities. Our knowledgeable staff would be happy to assist you with your UAE Mainland.

Offshore business formation in Dubai is one of our UAE Mainland formation services.

Our company consultants are well-versed in offshore incorporation procedures and can assist you in completing the process without making any mistakes. They have the ability to comprehend business needs and create personalised solutions to meet those goals because they have industry experience.

Please contact us immediately if you are interested in forming an Mainland in the UAE; we would be delighted to assist you.