A French company can create its company in Dubai and this is relatively easy. However, the choice of location remains essential. Indeed, Dubai has many free zones grouped by “sector of activity”, they were created in order to boost trade. Dubai’s free zones are modern and have all the infrastructure necessary for the success of an internationalization project.
These unconstrained zones are attracting more and more companies that want to position themselves in the Middle-East zone as one of the world hubs redistributing the entire Middle East and Asia, i.e. reaching nearly 2 billion of inhabitants. What a godsend for French companies whose products are more than expected!
Why not you ?
A free zone is a geographical area with tax advantages in order to attract investment and the development of economic activity. Within the free zones, the rules evolve compared to the rules prescribed in the country for more information visit our travel blog .
The real advantage for a French company to be within a free zone is the ownership of 100% of its capital. On the territory of the United Arab Emirates, excluding free zones, foreign companies only hold a maximum of 49% of the capital. The remaining 51% is held by one or more nationals of the Emirates.
In addition, the free zones offer an exceptional framework without constraint. In addition to a pleasant climate all year round, there is an economy in perpetual growth, modern infrastructures, new road network… These are typically facilities for developing one’s economic and commercial activity. They are not negligible and push many French companies to settle there every year .
WHAT DO WE EXPECT FROM FRENCH COMPANIES?
The traditional buoyant sectors are oriented towards luxury products, food (the Emirates import 95% of their food needs due to a lack of local production), pharmaceuticals and well-being. Specific know-how or particular expertise is strongly recommended, otherwise you will be placed in competition with countries with “low cost” production.
Other sectors can be favorable to the development of French companies in Dubai, such as finance, the nautical sector, equipment for health, finishing work in construction, information technologies, not to mention tourism, horse Emirates battlefield.
Dubai is becoming a major place in terms of tourism, number of hotels, fairs and exhibitions, not to mention the Universal Exhibition of 2020, that is to say in 6 years.
BENEFITS OF A FREE ZONE IN DUBAI
Creating a company in a free zone in Dubai offers many advantages:
You own 100% of the capital of your company
You can repatriate 100% of capital and profits (there are tax treaties between France and the UAE which exempt double taxation.)
No trade barriers or quotas
Import and export procedures are simple
No restrictions on hiring expatriates
3 years residence visa for the United Arab Emirates
You are closer to your prospects and customers in the Middle East
But beware, settling in Dubai is not as easy as you might think. As for many other countries in the world, it is important to be accompanied to succeed in its establishment. The service providers study your project, and take care of the legal and administrative formalities. They open your company in freezone on your behalf.
However, the lack of knowledge of most entrepreneurs (language, cultures, regulatory habits, etc.) transforms consulting and creation support companies into essential partners. This is reflected in the price of the accompanying which is often significant.
Faced with the high costs forty and the need to be accompanied to create a business in the freezone, some young entrepreneurs have chosen to take the opposite course by offering affordable prices and developing the quality of the service offered. The site creer-société-dubail.fr, for example, has chosen to professionalize its services by setting up a team of lawyers, accountants, developers and seasoned entrepreneurs. In close collaboration with the government of the United Arab Emirates and Dubai, this French-speaking, English-speaking and Arabic-speaking team takes care of everything (visa, accommodation, medical visit, license, permit, audit, accounting, marketing, websites, etc.) at a unbeatable cost. Business creation and expatriation in the United Arab Emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah..
However, a French company has come to disrupt the business creation market in the United Arab Emirates by professionalizing the services offered to you with a team of lawyers, accountants, developers and seasoned entrepreneurs. In close collaboration with the government of the United Arab Emirates and Dubai, this French-speaking, English-speaking and Arabic-speaking team takes care of everything (visa, accommodation, medical visit, license, permit, audit, accounting, marketing, websites, etc.) at a unbeatable cost. Business creation and expatriation in the United Arab Emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah..) has never been easier.
TYPES OF COMPANIES EXISTING IN DUBAI
Several types of companies are present in the United Arab Emirates and therefore in Dubai, the “Onshore” or “Offshore” companies. Here are the main features.
OFFSHORE COMPANIES:
Offshore companies can be created for all activities outside the Emirates , however, there are some constraints:
Does not allow obtaining a work or residence visa in the Emirates.
Who Creates Offshore Companies?
These include import-export companies, consulting, holding companies, as well as investments and acquisitions of real estate.
Overseas shareholding amounts to 100% and there is no tax for corporate taxation.
Indeed, this amounts to exercising its activity elsewhere than in Dubai while benefiting from the advantages of the Free Zone.
ONSHORE COMPANIES:
For “Onshore” companies, there are 2 types of structure: the “Free-zone” company and the “Non-free-zone” company.
THE “FREE-ZONE” COMPANY:
The creation of a “Free-zone” company will allow you to:
To own 100% of the capital of the company
To have suppliers and customers in the Emirates.