Are you looking to spread your business wings and open a new company overseas? Choosing the right country to suit your particular business is the first all-important decision to make and for many reasons, Dubai makes great business sense.

Dubai is known worldwide as the business hub of the Middle East and has one of the world’s fastest growing economies largely due to the many tax benefits and in turn opportunities.

Investors establishing a business presence in Dubai will benefit from 0 % corporate tax and no personal tax for individuals either.
It is not hard to find highly affordable offices and business premises and housing is also cheap in this land of plenty.
With its steadily growing economy and business friendly atmosphere, the number of visitors to the country has risen. In 2010, when figures for travel went down in most nations, Dubai saw a rise of 15.6% in passenger movement, (marine and international airlines) from the previous year.

It’s a land of golden opportunities for foreigners looking for company formation Dubai.

As other countries continue to suffer from poor economies, business continues to boom in Dubai with 3,224 new licenses issued by Dubai’s Department of Economic Development in the first quarter of 2011.

As well as all these tax breaks, new businesses in Dubai are offered options guaranteeing them loans to fund houses. Import duties are only 5% and the privacy factor offered in Dubai appeals to many investors. Without a taxation department, there are no public records of company directors’ or shareholders, allowing total privacy to everyone forming an offshore company.

There are three main options regarding the type of company formation allowed in Dubai’s free zone of Jebel Ali. Depending on the type of business they intend to open.

These are:
1. Free Zone Establishment (FZE). Requires one individual shareholder
2.Free Zone Company (FZCO), more than one member
3. A Branch Office

Not all free zones offer all three, so it’s well worth the time, and effort spent in finding and forming a relationship with the right firm of advisors, experienced in setting up businesses in Dubai. They will know the up to date dos and don’ts involved with company formation Dubai.

Listed below are the common documents for the three zones:

Free Zone Establishment
1. Application form
2. Business profile of the owner
3. Copy of the owner’s passport
4. Original bankers reference

Free Zone Company
1. Application form
2. Business profile of individual
3. Copy of owner’s passport
4. Original bankers reference
5. Board resolution
6. Copy of manager’s passport
7. Manager’s signature

1. Certificate of Registration
2. Memorandum and Articles of Association
3. Board resolution
4. Copy of Manager’s passport
5. Managers signature
6. Parent company’s profile