Types of companies in the United Arab Emirates
- Limited liability company
- Responsibility
- Minimum capital
- Min. number of shareholders
- Generally, recommended for
- Limited liability company
- Limited
- None
2 (max. 50)
SMB
- Public joint-stock company
- Limited
- 500,000€
10 - Bigcompanies
- Private joint-stock company
- Limited
- 500,000€
3
- Bigcompanies
- Sole proprietorship
- Unlimited
- None
1
Sole holder
- Limited liability company
- Unlimited
- None
2
- Generally, recommended for
- Limited liability company
- Unlimited
- 130,000€
2
- Generally, recommended for
Corporate tax rate in United Arab Emirates
There are no company taxes in the United Arab Emirates. The only taxes on companies are local taxes on delivery or renewal of a commercial license (10% of the yearly amount of office rentals and 5% of the yearly amount spent by the company to accommodate employees).
Questions
Why should I incorporate my company in UAE?
- The political environment is stable.
- The economy is diversified.
- The country is business friendly and boasts modern infrastructures.
- The United Arab Emirates are a major financial pole.
- The economic policy is liberal and the country is very open to the rest of the world.
- The financial reserves of the country are significant.
Which difficulties can be encountered in UAE?
- The monetary policy is limited because the dirham is anchored on the US dollar.
- The country is exposed to the fluctuation of oil prices.
Which are the cultural specificities of the world of work in UAE?
- Men have to wear suits. Women should have their knees covered and avoid necklines and bright colors.
- When greeting, a man should not shake hands with a woman.
- In order to make an appointment, opt for SMS or Whatsapp; local interlocutors answer seldom to mails.
- It is important to be punctual. Yet, last minute reports can occur.
- When an interlocutor gives a business card, you should read it in front of him; this is a proof of respect.
- Oral agreement is roughly as important as written agreement.
- In some sectors using your own network is crucial.
