#Tax Agent in Ajman

[piptaninternationalinc]

A Comprehensive Guide to Register an Offshore Company in The United Arab Emirates

Benefits of Registering an Offshore Company in the UAE:

The United Arab Emirates (UAE) has emerged as a global business hub, attracting entrepreneurs and investors from around the world. One of the popular choices for international businesses is setting up an offshore company in the UAE. With its strategic location, investor-friendly policies, and world-class infrastructure, the UAE offers a plethora of benefits for those looking to establish an offshore presence. In this blog post, we will explore the advantages of registering an offshore company in the UAE.

1. Tax Benefits:

One of the primary reasons businesses choose to register offshore companies in the UAE is the attractive tax benefits. Offshore companies are often exempt from corporate and income taxes, providing a significant advantage for businesses looking to optimize their tax liabilities. This favourable tax environment enables companies to maximize their profits and reinvest in business growth.

2. Asset Protection:

Registering an offshore company in the UAE provides a secure environment for safeguarding assets. The country offers robust legal frameworks that protect business owners' assets and confidentiality. This level of security is especially appealing for entrepreneurs who want to shield their wealth from political or economic uncertainties in their home countries.

3. Ease of Doing Business:

The UAE is renowned for its business-friendly environment and streamlined processes. Setting up an offshore company here is relatively straightforward, with minimal bureaucratic hurdles. The government has implemented efficient online systems, making company registration and management hassle-free. This ease of doing business encourages entrepreneurs to focus on their ventures instead of getting entangled in red tape.

4. Global Market Access:

The UAE's strategic location serves as a gateway to both Eastern and Western markets. Businesses established in the UAE can easily access markets in the Middle East, Africa, Asia, and Europe. The country's excellent infrastructure, including world-class airports and ports, facilitates smooth import and export activities, making it an ideal base for international trade.

5. Financial Privacy:

The UAE offers a high level of financial privacy, making it an attractive choice for entrepreneurs seeking confidentiality. Offshore companies often benefit from stringent financial privacy laws, ensuring that sensitive financial information remains secure. This confidentiality is crucial for businesses involved in international transactions and high-net-worth individuals who value their privacy

6. Stable Political Environment:

The UAE boasts a stable political climate, which is essential for business stability and growth. The government's commitment to economic diversification and development initiatives ensures a favourable environment for businesses to thrive. This stability minimizes risks and instils confidence in investors and entrepreneurs looking to establish a long-term presence in the region.

--Steps to register an Offshore Company in the UAE:

1. Choose a Business Consultant:

Select a reputable business consultant or a registered agent in the UAE. They will guide you through the registration process, helping you understand the legal requirements and documentation needed.

2. Select a Jurisdiction:

Decide on the appropriate jurisdiction within the UAE for your offshore company. Common choices include Jebel Ali Free Zone (JAFZA) in Dubai, Ras Al Khaimah (RAK), and Ajman Free Zone. Each jurisdiction may have slightly different regulations and benefits.

3. Choose a Business Name:

Choose a unique and permissible business name for your company. Ensure it complies with the naming guidelines set by the chosen jurisdiction.

4. Prepare Required Documents:

Gather the necessary documents, which typically include:

Passport copies of shareholders and directors

Proof of address for shareholders and directors

Business plan outlining the company’s activities

Bank reference letter

CV and passport-size photos of shareholders and directors

Memorandum and Articles of Association (MOA) – this is usually provided by the registered agent

5. Submit Application:

Submit the application for offshore company registration to the chosen jurisdiction’s free zone authority through your business consultant. Ensure that all required documents are accurately filled and attached.

6. Payment of Fees:

Pay the necessary registration fees and license fees to the relevant authority. The fees might vary based on the chosen jurisdiction and the type of business activity.

7. Obtain License and Approval:

Once the application is processed and approved, you will receive a registration certificate and a business license from the free zone authority. This allows you to legally operate your offshore company in the UAE.

8. Corporate Bank Account:

Open a corporate bank account in the UAE. The documents you used for company registration will be required by the bank. Choose a bank that suits your business needs and provides the services you require.

9. Visa Application (Optional):

If you or your employees need to reside in the UAE, you can apply for UAE residence visas. The number of visas you can apply for depends on the size of your office space and the jurisdiction’s regulations.

10. Compliance and Renewal:

Ensure compliance with local regulations, including annual renewal of your business license and other legal obligations. It’s advisable to work with a local consultant to stay updated on any regulatory changes.

Remember, the process can be complex, and it’s crucial to seek professional guidance to navigate the legal requirements smoothly. Always stay informed about the latest regulations and compliance requirements to operate your offshore company successfully in the UAE.

--Conclusion:

In conclusion, navigating the process of registering a company in the United Arab Emirates (UAE) is a strategic and rewarding endeavour, but it requires careful planning, adherence to regulations, and professional guidance. The UAE offers a thriving business environment with numerous opportunities for entrepreneurs and investors from around the world. Throughout this comprehensive guide, we have delved into the essential steps and considerations that are vital for establishing a successful business in this dynamic nation.

Understanding the diverse business jurisdictions, such as mainland companies, free zones, and offshore entities, is fundamental to making an informed decision tailored to your specific needs. Selecting an appropriate business structure and jurisdiction can significantly impact your company's tax liabilities, legal obligations, and operational flexibility. It is imperative to evaluate these options meticulously, taking into account the nature of your business, target market, and long-term objectives.

Additionally, the significance of financial planning and banking cannot be ignored. Establishing a corporate bank account, understanding the financial landscape, and managing finances prudently are crucial for the smooth operation of your business. Moreover, exploring the potential for obtaining business loans, grants, or incentives offered by the UAE government and financial institutions can provide valuable financial support for your enterprise.

Lastly, building a strong network within the UAE business community is instrumental in fostering partnerships, collaborations, and growth opportunities. Engaging with local and international entrepreneurs, participating in industry events, and staying updated with market trends are essential for staying competitive and innovative. In essence, embarking on the journey to register a company in the UAE demands careful planning, a keen understanding of the market, and a proactive approach to compliance. With the right knowledge, professional support, and entrepreneurial spirit, your venture can thrive in the UAE's vibrant and dynamic business landscape. May your endeavours be met with success, and may your business flourish in this land of endless possibilities.

[cigdubaiae]

Offshore Company Formation in the UAE

Introduction

Offshore company formation in the United Arab Emirates (UAE) has gained significant attention from entrepreneurs and businesses worldwide. Renowned for its business-friendly environment, strategic location, and attractive tax benefits, the UAE offers a range of opportunities for those seeking to establish an offshore company.

Selecting the Appropriate Jurisdiction

The UAE comprises several emirates, each offering distinct advantages for offshore company formation. Dubai, Ras Al Khaimah (RAK), and Ajman are popular jurisdictions. Dubai is known for its cosmopolitan atmosphere and thriving business ecosystem, while RAK and Ajman offer competitive cost structures and regulatory benefits. Researching the unique features of each jurisdiction is essential for making an informed choice.

Choosing a Registered Agent

Collaborating with a registered agent or a registered service provider is a crucial initial step. These professionals are well-versed in the local regulations and will guide you through the entire company formation process. They ensure that all legal requirements are met and facilitate a seamless registration process.

The name of the company and its operations

Choose a distinctive company name that aligns with the UAE’s naming guidelines. Avoid infringing on existing trademarks or company names. Clearly define the activities your offshore company will engage in. Accurate activity description is essential, as it impacts the type of license your company will obtain.

Submitting Documents

Prepare the necessary documentation, including passport copies, proof of address, and any other required personal and business documents. These documents are crucial for the registration process and must meet the standards set by the jurisdiction.

Memorandum of Association (MOA)

Draft a Memorandum of Association (MOA) that outlines the company’s purpose, shareholders, and other pertinent details. This document needs to be notarized and submitted as part of the registration process. The MOA serves as a foundational document for your offshore company.

Opening a Corporate Bank Account

After successful company registration, you can open a corporate bank account. UAE banks offer various options, and your registered agent can assist in choosing a bank that suits your business needs. Some banks might require a physical presence or a visit from the authorized signatory.

Renewal and Compliance

Offshore companies in the UAE must renew their licenses annually and adhere to local compliance regulations. Failing to comply can result in penalties or even company dissolution. It’s crucial to stay informed about the renewal process and any changes in regulatory requirements.

Tax Consequences

One of the primary attractions of offshore company formation in the UAE is its favorable tax environment. While UAE offshore companies typically enjoy tax benefits, it’s essential to understand the specific tax implications in both the UAE and your home country. Seeking advice from tax professionals can help you make informed decisions.

Conclusion

Offshore company formation in the UAE offers entrepreneurs and businesses a unique opportunity to benefit from a business-friendly environment, strategic location, and attractive tax advantages. By carefully selecting the right jurisdiction, partnering with registered agents, and navigating the registration process diligently, you can establish a successful offshore company poised for growth and prosperity. However, due to the dynamic nature of regulations, it’s crucial to remain updated and consult with professionals who are knowledgeable about the latest developments in UAE offshore company formation.

#dubai #business #offshore company formation

[post12345]

Cheap Villas For Sale in Ajman 

Investigating Ajman's Affordable Villa Options

Villas are one of the many real estate options available in the thriving United Arab Emirates emirate of Ajman. There are various possibilities in Ajman worth considering if you're looking for a villa at a reasonable price. In this post, we'll provide you advice on where to look for affordable villas for sale in Ajman. Establish a Clear Budget: Before starting your search, it's important to define your budget. Establish your maximum spending limit for a villa while taking into account other charges like taxes, registration fees, and maintenance costs. Your selections will be more limited and your search will be more targeted if you choose a budget. For more details to cheap villas for sale in Ajman. Online Real Estate Platforms: Look through well-known online real estate directories like Property Finder, Dubizzle , and Bayut to begin your search for a villa. These sites provide thorough lists, enabling you to narrow down your search depending on your spending limit and particular needs. Search for villas in neighbourhoods that suit your tastes. Explore Less Developed locations: Finding inexpensive villas in Ajman may often be accomplished by investigating less developed locations. Even while they may not have as many facilities and infrastructure as ideal sites, these locales might nonetheless result in considerable cost savings. Remember that these places have the potential for future expansion and development, which might have a favorable long-term influence on property prices. Consult with Local Real Estate Agents: Working with neighbourhood agents that focus on Ajman homes may be quite advantageous. They offer extensive market expertise and access to a variety of properties, including reasonably priced villas. Inform the agents of your needs and budget so they may direct you to appropriate solutions that go inside your price range. Attend property auctions: Attending property auctions may be a great way to locate inexpensive villas in Ajman. Keep up with the auction schedules and take part in these occasions. There are options to purchase a villa for less money since properties are often offered at auctions at reasonable rates. Before bidding, make sure you've done extensive research on the properties and are familiar with the auction procedure. Connect with Others and Join Real Estate Communities: Participating in real estate forums, online communities, and social media groups that are dedicated to Ajman real estate may provide insightful information. Information about available villas, particularly those with affordable pricing, is often shared by members. Your chances of discovering economical choices might be improved by networking with others who share your interests and subject matter experts. Explore Less Developed locations: Finding inexpensive villas in Ajman may often be accomplished by investigating less developed locations. Even while they may not have as many facilities and infrastructure as ideal sites, these locales might nonetheless result in considerable cost savings. Remember that these places have the potential for future expansion and development, which might have a favorable long-term influence on property prices. Though the definition of "cheap" is arbitrary, Ajman provides a variety of resources for discovering villas within your price range. You may improve your chances of discovering a cheap villa in Ajman by setting a budget, using internet resources, taking into account less developed regions, speaking with local agents, visiting property auctions, and networking within real estate communities. Prior to making any purchases, always remember to undertake in-depth research, physically inspect properties, and consult with industry professionals. Good luck finding a property!

[bsw-company-formation-in-uae]

Steps to start an offshore Company in Ajman

Finding it difficult to Start an Offshore Company in Ajman, reach out to a BSW expert to make it easier for you to contact us today!

Ajman Offshore Company Formation, one of the seven emirates of the UAE, can be a straightforward process if you follow the necessary steps. Here are the key steps to start an offshore company in Ajman:

Choose a Business Activity: 

Determine the type of business activity you want to engage in, as it will determine the type of license you need. Offshore company in Ajman offers various business activities, including consulting, trading, and investment.

Choose a Company Name: 

Select a unique and relevant name for your company, which can be in English or Arabic.

Find a Registered Agent: 

You'll need one to incorporate your offshore company in Ajman. The registered agent will help you complete the legal formalities and provide a registered office address.

Obtain a Trade License: 

Apply for a trade license based on the business activity you want to conduct. There are three types of Ajman offshore license: commercial, industrial, and professional.

Open a Corporate Bank Account: 

Open a corporate bank account in Ajman offshore or any other offshore bank you choose. The bank will require you to provide the necessary documents to open the account.

Obtain Residence Visa: 

You must obtain a residence visa to work and reside in the UAE. The registered agent can assist you in obtaining a residence visa, and you'll need to provide the necessary documents.

Submit the Documents: 

Finally, submit all the required documents to the Ajman Offshore Authority to complete the registration process.

Once you have completed these steps, you'll be ready to start operating your offshore company in Ajman. It's important to note that offshore companies in Ajman are not allowed to operate within the UAE and are limited to conducting business outside the country. The Ajman offshore cost may vary depending upon where the business is being held either can also be a mainland company formation or an Offshore company in Ajman free zone.

Business Setup Worldwide is a leading consultancy firm that provides expert guidance and support to entrepreneurs looking to start offshore companies in Ajman. We have an in-depth knowledge of the legal and regulatory requirements for setting up a business in Ajman, which is a crucial component for entrepreneurs looking to establish an offshore company. 

We offer a range of services that include company formation, banking solutions, tax optimization, and legal advice. We also provide personalized assistance and support to clients throughout the entire process of setting up a business, from initial planning to company incorporation. Our experienced team of consultants ensures that the entire process is hassle-free and streamlined, making it easier for entrepreneurs to focus on growing their businesses. Overall, Business Setup Worldwide is an excellent partner for anyone looking to start an offshore company in Ajman. For more details contact us.

#Offshore company formation in Ajman #Ajman offshore company registration

[halsca467]

What are the conditions for Statutory Audit?

Before beginning a formal audit, a company must have the following documents:

· Details of financial assets

· Bank statements with details of transactions and details of cash receipts & payments Information on secured and unsecured loans and advances

· Trade payables & receivables

· Local purchases and import transactions

· Local sales and export revenue information

· Inventory data

· Administration and revenue expenses

· Foreign exchange earnings & expenses

· Statutory duties & other levies

#Statutory Audit in UAE #Accounting services in UAE #Dubai best audit firms #chartered accountants in UAE #Financial advisory services in UAE #VAT registration in UAE #Tax Agent in Ajman #Vat consultancy in UAE #CFO services in UAE

[halcsa]

Hussain Al Shemsi Chartered Accountants (HALSCA): Recognized Accounting and Auditing firm in UAE. Auditing, Accounting, Consulting, Tax, Advisory services and Industry driving reviews, to world's most regarded brands, are the comprehensive range of services focused by Hussain Al Shemsi Chartered Accountants (HALSCA).

Being a registered and approved Auditing firm with UAE Ministry of Economic Dept., we are authorized to carry out accounting and audit works in all seven emirates of UAE.

#Halsca #Statutory Audit in UAE #Accounting services in UAE #Dubai best audit firms #chartered accountants in UAE #Financial advisory services in UAE #VAT registration in UAE #Tax Agent in Ajman #Vat consultancy in UAE #CFO services in UAE #Feasibility studies and Project reports

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Major reasons to avail accounting services in Dubai

There are many factors that make a business successful. It is a combination of multiple aspects that lead to any company to a successful company. The major part comes to the financial areas of the business, which is the base and needs to be handled professionally.

To make any business successful it is important to have a professional team of Accounting andBookkeeping. Those who reluctantly ignore this factor tend to get in loss later. The implementation of VAT in the UAE had an effect on the taxcalculation system and forced businesses to alter their way of conducting and operating a business.

As to adapt the policies governing the introduction of VAT in the country, the companies in UAE are now getting inclined towards availing accounting and bookkeeping services. As regards adjusting the policies regulating the implementation of VAT in the region, the companies in the UAE are now inclined to use accounting andbookkeeping services.

Here we are also discussing the reasons to adopt the Accounting services in Dubai:

Cost Reduction

The business owners in Dubai assume that hiring an accountant for the business might increase the cost. On the opposite, employing a qualified accountant eliminates business costs by maintaining the company’s book and understanding where the money flows. When a company invests in booking accounting services, the cost is minimized as you do not need to spend on salaries, training, office space and other benefits. Therefore, without losing profitability, it saves business expenses.

Informational Exposure

The Dubai companies who provide accounting services use the latest technology that helps your business to get regular access to accounting information. With the advance technology used in accounting one can easily get any information wherever they want.

Broad Service Ranges

Most of the companies in Dubai that concern accounting services offer a variety of services and management consulting according to Dubai's business laws. Maintenance of account books and general ledger are some of the services which the accounting firms provide. If you are new to Dubai and have recently set up a business in Dubai, you can take assistance from the accounting firms that comply with the requirements of local governance.

Get the professionals and the experts

Hiring a professionalaccountant saves your time since they understand and complete the target anddeadlines. The experts provide you with the information and advice that helps you stay out of tax-related legal penalties other than maintaining account books, which lets the business save both time and money.

Concentrate on Business

The provision of accounting services in Dubai will allow you to focus on your business, which is an advantageous factor. Marketing is a dimension you can't ignore, not just numbers. When you use of accounting services, accounting consultants and experts handle your business accounts. Professional accountants help you run your business smoothly and update details on time.

If you want to get all sorts of accounting and bookkeeping services in Dubai, HALSCA is the best at offering corporate accounting services and knowing business needs. For further details and services available, please contact our experts.

#statutory audit in UAE #accounting services in UAE #Dubai best audit firms #chartered accountants in UAE #Financial advisory services in UAE #VAT registration in UAE #Tax Agent in Ajman #vat consultancy in uae #CFO services in UAE #Feasibility studies and Project reports

[probitycorporatee]

How much does it cost to set up an offshore company in Dubai?

An offshore company set up in Dubai has several advantages in terms of taxes and costs, but the starting fee may be high depending on the kind of company. The costs of forming a Dubai company differ depending on whether the company is offshore or onshore. Offshore companies can be a much cheaper option if you do not intend to conduct business in Dubai. They are subject to lower taxes and require fewer obligations. This article provides an overview of the potential differences in prices based on the costs of an offshore business setup UAE for different offshore and onshore businesses.

Foreigners can obtain offshore company formation in UAE in three major jurisdictions: The Jebel Ali Free Zone, Ras Al Khaimah (RAK), and Ajman Free Zone. There will be differences in costs depending on where you choose to do business. To receive legal services such as corporate advice and other legal assistance, all UAE-based companies will need to be incorporated by a registered agent that is accredited by an accreditation body. Offshore company formation in UAE may only conduct business outside the UAE. As a consequence, residents in the country cannot do business with them. Tax optimization and maximization of profits are the objectives of offshore company formation. Several UAE jurisdictions, including Jebel Ali, Ras Al Khaimah, and Ajman, have been made available to business owners for Offshore Company Formation in Dubai /UAE. These governments have readily assisted offshore companies in terms of taxation, liquidity, and ownership laws. A Dubai offshore company provides tremendous value to investors as it is tax-free and offers significant advantages to investors.

What are the advantages of an offshore company set up in Dubai?

The ownership right of an offshore company set up in Dubai is advantageous to individuals as well as corporations. Companies are restricted from conducting business or conducting business activities in the country in which they are registered. As opposed to mainland and free zone companies, the UAE does not grant licenses for offshore company formation. Under the incorporation certificate, offshore entities are also known as non-resident "paper" companies, allowing foreign entrepreneurs to serve Africa and the Middle East without administrative burdens. In other words, an offshore business setup UAE is simply a wholly-owned LLC that is tax-exempt and does not require annual accounting or tax preparation.

Jebel Ali Free Zone Authority (JAFZA) Offshore

Located in the Jebel Ali port of Dubai, JAFZA allows companies to operate without paying corporate taxes and own 100% of their properties to foreigners. Neither foreign talent nor capital repatriation is restricted. Based on the registered agent hired, offshore company formation in UAE fees can range from USD 4,200 to USD 4,600.

Ras Al Khaimah International Corporate Centre (RAK ICC)

RAK ICC is a corporation registry based in the UAE. RAK ICC companies are not subject to corporate or personal tax as they are 100 percent foreign-owned, just like their counterparts in the JAFZA.

Based on the registered agent selected, the base incorporation costs for an offshore business setup UAE with the RAK ICC will range from USD 2,800 to USD 3,200.

Ajman Offshore

Ajman Free Zone Authority companies are also exempt from corporate taxes and can be owned by foreigners in whole or in part. Ajman Offshore companies are incorporated in Dubai for approximately USD 2,000 to USD 3,000, depending upon the registered agent you hire.

Dubai- a ground-breaking destination for business investors.

Due to its investor-friendly environment, Dubai is a reliable destination for business investors for offshore company setup in Dubai. Setting up a company in Dubai has become a very profitable proposition today due to the wealth of diversity in its population and its thriving economy. During the past few years, Dubai's infrastructure has undergone dramatic changes. The country has become more prosperous as a result. Did you ever wonder why Dubai is such an advantageous place to open a business? Founded in the year 2000, Dubai has been one of the top locations to set up businesses. In addition, the city possesses a diversified economy, along with state-of-the-art infrastructure. Dubai is a cosmopolitan city that offers an exciting environment for those who want to succeed and live life to its fullest! 

#offshore company setup in UAE #business setup in dubai #business setup in uae #setting up a company in dubai

[spectrumaccounts]

Spectrum Auditing and Accounting is an end-to-end accounting and audit services company andis a registered Tax Agent from Federal Tax Agency, UAE, based in Dubai. We offer VAT Agency& Audit services in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Fujairah, Ajman, Umm Al Quwaincovering the whole of UAE. We provide a comprehensive portfolio of services in everything related to Value Added Tax (VAT) from Tax Advisory Services, VAT Implementation Services,VAT Return Filing, VAT Compliance Review, TAX Consultancy Services and Tax Agent Services apart from Tax Audit Service.

Apart from the mandatory Value Added Tax (VAT), we also specialize in a spectrum of services which includes Accounting, Auditing, Economic Substance Regulations (ESR), Mergers and Acquisitions (M&A), Company Formation and Liquidation, Country by Country Reporting (CbCR), Business Advisory Services and other business services. 

https://www.spectrumaccounts.com/ 

Trade Core Business Centre CBD Building, Al Mankhool, Dubai, United Arab Emirates P.O.Box : 379682 

 [phone] 

 [email protected]

#VatServices #VatConsultancyServicesUAE #VatReturnsFilingDubai

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How to File Vat Return in The UAE

A taxpayer must prepare a VAT return well in advance as he/ she is required to submit a VAT return online in the form 'VAT 201' on the FTA portal. There are currently no facilities available on the FTA portal to file an offline tax return in XML or xls or xlsx format. The taxpayer should fill in the form of VAT 201 properly and provide sales data, purchases, input VAT and output VAT, etc.There are seven sections, as indicated below VAT 201 form:

VAT Return Filing Steps:

1.       Taxable Person Details: Information on the taxable person's tax registration number/TRN and contact info. If the tax agent submits a tax return on behalf of the taxpayer, the tax agent approval number/TAAN and the tax agency number/TAN together with the name of the tax agent and the tax agency will be automatically registered.

2.       Value Added Tax Return Period: Data on VAT refund process, VAT return deadline, tax year-end and VAT return period registration number is provided.

3.       VAT on Sales and All Other Outputs: In this segment of the VAT return, the taxpayer must provide data on similar nature of tax supplies in various Emirates, such as Abu Dhabi, Dubai, Ajman, Sharjah, Ras Al Khaimah, Umm al Quwain, and Fujairah. Even farther, information on the tax rebates granted to visitors under the Tourist Tax Refund Scheme should be given. Information on excluded supplies, zero-rated supplies, goods shipped into the UAE and adjustments to imported products into the UAE must also be provided.

4.       VAT on Expenses and All Other Inputs: In this section of the Tax Return, you should provide information on standard rated expenditures and supplies subject to reverse charge clauses.

5.       Net VAT Due: This method requires information about the total valuation of the taxable income for the period, the total value of the tax payable for the duration and the tax payable for the period.

6.       Additional Reporting Requirements: Additional monitoring rule applies only to taxpayers who have applied the provisions of the profitability scheme during the tax period. Others just might say 'No' and skip towards the next section.

7.       Declaration and Authorized Signatory: This section requires the chargeable person to state that the information presented in the VAT return is entirely accurate, precise and, to the best of his/ her knowledge, complete. The utmost care must therefore be taken during the preparation of the VAT submission. The taxpayer has the opportunity of saving the proposed tax return and submitting it later.

When the taxpayer is satisfied with the information submitted in the VAT return, he or she may click the Button and file the VAT return.

#VAT return #Virtual Accountant #Accounting outsourcing company

[dubai-business]

Ajman Free Zone Authority / AFZA | All you need to know

Ajman Free Zone Authority was established in 1988 in Ajman, United Arab Emirates. The free zone gives way to free zone company formation, offshore company formation, and foreign direct investment. Currently, there are more than 12,000 companies operated in AFZA.

Ever since its formation, the Ajman Free Zone Authority provides a conducive business environment to entrepreneurs and potential investors. AFZA offers a cost-saving company formation options to investors and provides a hassle-free business setup service. Recognizing the growing need of businesses to flourish in new areas like healthcare, retail, education, food & beverage, and technology, AFZA is actively focusing on these sectors and is flexible enough to accommodate new sectors.

Why choose Ajman Free Zone Authority

Better connectivity doesn’t exist: Ajman Free Zone is well-connected globally through the waterways and airways. The Ajman port and Dubai, as well as Sharjah Airport, are in Free Zone’s proximity.

Easy to setup: Just choose your business type, fill the application, and submit the documents, make the payment, and get the license. The company formation process is fast as well as easier in AFZA.

100% company ownership: While setting up a business in Ajman Free Zone, you need not part your equity with anyone. You can hold all the company shares and have complete ownership.

Best Infrastructure: The AFZA offers Flexi desks, offices, warehouses, land, and onsite accommodation with optimum quality and best facilities.

Business-friendly laws: Repatriation of capital, as well as profit, is allowed completely. Moreover, companies are fully exempted from the corporate tax. The immigration policies for employees are simplified.

Type of Business Setups in Ajman Free Zone Authority

Branch of a Foreign Company

This license is provided to companies which are established outside the United Arab Emirates, and wish to establish a branch in the UAE. The business activities conducted by the company can be commercial, service-related, or manufacturing. The 100% foreign ownership is provided, allowing one to own the company fully.

Following documents are required to set up a branch of a foreign company in Ajman Free Zone Authority:

Company manager’s passport copy – must be valid for at least 6 months

Memorandum of Association Copy

Visa copy of company manager

A colored photograph of the company manager

Board Resolution copy

Trade license copy

Branch of a local company

This license is provided to the local companies which are already established in the UAE outside Ajman Free Zone Authority. The ownership remains the same, and a suitable license is required according to the company’s activities.

There are a few essential documents which you need to submit while applying for a local company’s branch formation:

Trade license copy

Visa copy of company manager

Board Resolution copy

Company manager’s passport copy – must be valid for at least 6 months

Memorandum of Association  Copy

A colored photograph of the company manager

Free Zone Company (FZC)

In Free Zone Company Formation, corporate individuals are allowed to apply for a license. It is a limited liability company that strengthens the willingness of foreign investors to set up their company in Ajman Free Zone.

For Free Zone Company Formation, you require to submit the below-mentioned documents along with the application. After the verification and payment, the required license will be provided.

Facilities and solutions in Ajman Free Zone Authority

Flexi Desks

As the workspace is an essential part of a business and putting the right cost for workspace is critical for start-ups and new organizations. The Flexi Desk gives an option to use the investment carefully by providing the facility of a shared office. Ajmer Free Zone has no time limit on the usage of Flexi Desk. Each desk is assigned to a company, and they can use it during the working hours.

Executive Offices

The executive offices are designed to cater to all the business requirements. They are spacious and can be customized exactly as per your business setup. For flexibility and convenience, they are strategically located, making the work fun and fruitful.

Freelancer Hub

Besides Flexi desks, there is a dedicated freelancer hub that offers flexible co-working spaces, which lets one grow his business cost-effectively.

Onsite Accommodation

Ajman Free Zone Authority provides onsite accommodation so that companies can take great care of the employees to get optimum business results. For that reason, the onsite accommodation at AFZ is well facilitated. The living area is spacious and comes with centralized air conditioning, lavatories, prayer accommodation areas, laundry services, restaurants, and parking facilities.

All the time, security remains alert, and surveillance cameras are also installed. One room can fit up to five employees. As the accommodation site is nearby offices, it saves unnecessary transportation costs and time. The utilities such as electricity and water are included in the rent.

Land and Plots

This is a suitable option for the companies looking for long term investment and planning to prepare their own facility as per their needs. The land space is provided as per the yearly lease plan.

One can get as much land as required, starting from 1000 m2. The land is well-connected with the roads and paved pavements. The general utilities and telecommunication facility is present here. In AFZA, you get easy access to the workforce for construction, loading, and unloading requirements.

Warehouse

Warehouses are suitable for businesses having activities related to trade and manufacturing. The warehouse comes with an inbuilt office space and eligibility for getting fourteen resident visas. It comes with all utilities required, 24/7 security, and a parking facility. The minimum available warehouse space is 100 m2. You can even get forklifts, cleaning services, and Labor by paying a minimal extra cost.

Business Centre

If you can run your business with a shared space, the business center is the exact spot for you. Besides co-working spaces, you get access to meeting rooms and lounger area for your clients. Business Centre is suitable for trading, professional, and commercial services.

General features

You can get a furnished office and save yourself from putting huge efforts from establishing the office elements.

In case you wish to customize the office yourself, you can get the unfurnished office.

Each member can get to resident visas.

For your office security, 24/7 security and surveillance is setup.

150+ app services will help you to digitalize your business.

The Ajman port, Sharjah, and Dubai Airport and the primary highways are in convenient proximity.

AFZA: License Types

Know about various license types available in AFZA

All you need to do is choose your industry, submit the application, make the payment, and you will receive your business license according to your industry. In total, there are seven different licenses related to trade, industrial, and professional services.

Services License

Before getting the license, one needs to mention the kind of services business is going to provide to its clients. The businesses can only operate those services which are mentioned over the license contract clause.

Pioneers License

This license is dedicated to the specific age group- from 20 years to 30 years old. The primary aim behind introducing this license is to provide professional independence to the youth by empowering them. It is suitable for undergraduates, entrepreneurs, postgraduates, and start-ups.

Commercial License

There is a range of activities and products mentioned in the license clause. This license promotes Ajman Free Zone Authority as it gives the accessibility to a business to import, export, and distribute products related to the entertainment throughout the UAE.

E-commerce License

This license is required when a company is involved in B2B and B2C electronic trading. AFZA provides value-added services that you can choose from their e-commerce packages.

Freelancer License

This is an inexpensive license having low rates and cost-effective renewal options. It is specially introduced for the benefit of individual freelancers. However, there are forty categories offered by AFZ, and the individual must fall under any of them to become eligible for this license.

Offshore License

Offshore License is required for every company which is incorporated in a jurisdiction, which is different from the jurisdiction where the business activities are carried out. The offshore company formation in Ajman Free Zone Authority is beneficial to foreign enterprises conducting business all over the world.

One can go for Offshore business setup in AFZA for the following activities:

General Trading

Holding Company

Consulting Services / Advisory Services

Investments Company / Joint Investments Company

International Services

Property Ownership

Shipping Companies / Ship Management Companies

Commission Agents

Professional Services

Industrial/Manufacturing License

Manufacturing License is essential for the industries which perform manufacturing of products within the free zone. It provides them the approval to import the required raw material, manufacturing the product, and exporting the product globally.

AFZA : FAQs1) Is there any restriction implemented to the good’s import and export in AFZA?

As per the rules and regulations of the Port and Customs organization of the UAE, one first needs to request a Custom Code Letter through the AFZ portal. This will provide you permit to import and export goods.

2) Is there any grace period on license renewal?

Yes, one month grace period is provided to all the companies for the license renewal after the expiry date of the license.

3) Is it possible to change the license activity type?

Yes, one needs to raise a Service Request (SR) through the customer portal present under the client services option.

4) How to apply and obtain new visas for the employees?

Through AFZA’s online portal, first apply for “Entry Permit,” then go to the “Visa Status Amendment.” You need to select the option- “New Residency Visa Stamping.”

  Source: NR Doshi and Partners

[dubaiadvantage]

A Step-By-Step Guide To Setting Up A Business In Dubai

Are you thinking of starting your business in Dubai? Congratulations, you have chosen one of the best business ecosystems in the world for your new endeavor. Dubai is more than merely a city of architectural marvels– it is one of the most fertile grounds for new businesses. This is just one of the many things that make the commercial capital of UAE the best place to live and work. And as for starting up a business here, there’s no question that there’s a lot of potentials to be tapped here in Dubai. So, if you are eager to set up your own enterprise, this article will help explain what you need to know and do to get your company registered and off the ground.

What you need to know beforehand As you commence with the actual process of registering your business, here is what you should be aware of beforehand to make things less complicated. Economic zone and ownership: As soon as you are prepared to set up your company, you must find out what business zone or ownership type would best suit you. We have a list of over 2100 (business) activities you can choose from.

For deciding upon the zone, you must know that Dubai offers different types of economic zones for operating a business: Free Zone, Off Shore, and Mainland, all of which offer different advantages depending on your business type and activities. Here are the two main zones that entrepreneurs use most commonly in the Emirate: Free Zone: Offering the luxury of 100 percent foreign national ownership, Free Zones are Dubai’s way of attracting and encouraging foreign investment by making it easier to set up business and easing down the immigration and labor processes. There are around 45 Free Zones in the UAE, of which around 25 are in Dubai, each of which caters to specific categories of business. You can find out more about free zones here

Mainland: If you want to operate in the Dubai mainland, you have to register with the Department of Economic Development (DED), which will then issue you with a Dubai business license.

Types of licenses: Based upon the kind of business activity, you will be required to first identify the type of license you need. Again, DED is responsible for the issuance of the license. Mainly there are three types of licenses you can look at Commercial (for Limited Liabilities Company or LLCs) License, Industrial License, and Professional License. Need for local sponsors: For starting any kind of business in UAE under a DED license, you need a local sponsor, or an agent, or a partner. However, this is not mandatory, but having local support can help you in many ways. So, do a little research and find out how your business will benefit with this addition, in case it is not a compulsion for your kind of business. Now that you know about the background and requirements to start with the official procedure of registering your company, here’s how you go about to apply and obtain a business license in Dubai.

Getting your business registered 1. Select the category of business: The first step you have to be sure about is the type or category of business you have. In case you find it difficult to define your business and cannot find your type in the official lists of the business activities as per DED, you can inquire directly at: Department of Economic Development (DED). 2. Find the right legal form: Contrary to what the name suggests, this is NOT a legal document or a form to be filled. The location and type of your business decide what the make-up of your firm will be and this depends on the Free Zone or the area of operation you select. You will have to check which business activities match which legal forms. Use the same link as above for details. 3. Choose a trade name: This is an important part of the entire setting-up-business cycle in Dubai. You are expected to select a trade name that matches the kind of services your company plans to offer. You then have to pay trade name reservation fees within 72 hours of receiving this voucher.

4. Minimum investment: Different businesses have different requirements; however, it is not compulsory in the majority of businesses to have an initial investment. 5. Begin with initial approvals: At this point, you must obtain a kind of “no-objection” from DED and use a number of channels for the same. You can visit one of the Service Centers or explore Happiness Lounge.

6. Prepare agreements and select premises: Based on the legal form of your business, you might need to create and sign a Memorandum of Association (MOA) or a Local Service Agent (LSA) / Corporate Agent agreement with a local support (UAE national). Also, at this stage, you will have to finalize a physical address for your company. 7. Submit documents and get a license: Before heading to the last step of the journey of registration of your business, make sure your type of business does not require any additional approvals. Once everything is done, you just have to submit all the documents and process all the payments. You have to pay for your trade license within 30 days of receiving a payment voucher. In case of non-payment for six months, the transaction is automatically canceled.

UAE & Dubai Free Zones. Fast & Easy Dubai Business Setup All Free Zones. We are your strategic partner in the UAE. LLC Registration, Bank Account Opening. Dubai has emerged as a leading regional commercial hub with state-of-the-art infrastructure and a world-class business environment. It has now become the logical place to do business in the Middle East, providing investors with a unique and comprehensive value-added platform. With its strategic location, tax-free living and consistently strong economic outlook, Dubai is the ideal base for multinationals and other companies targeting markets in Central Asia, the Middle East, Africa, the Asian Subcontinent and the Eastern Mediterranean.

Are you thinking of register a new business in Dubai and the UAE? At Ecompanies UAE Business Development Consultants we are experts in helping global entrepreneurs, small and medium-sized enterprises to plan, start, and grow successful businesses in Dubai and the UAE.

Dubai Free-Zone Company Registration AED 3000 plus license fees. We offer the fastest and most economic company registration in Dubai. We offer company registration + License in 24 Hours. for only AED 3000 plus license fees.

If you want to register your new company in a Dubai Free-Zone or UAE Free-Zone and you don’t have the time or knowledge to deal with complex documents and forms, we can help you to register your new Free-Zone company in Dubai, fast, easy, online.

Ecompanies UAE provides Business Setup in all Dubai and UAE Free Zones for Only AED 3000 plus license fees. Register your new company in a Free Zone Today:  Dubai Airport Free Zone , Dubai South Free Zone , Dubai International Financial , Dubai World Trade Center , Dubai Silicon Oasis ,  Jebel Ali Free Zone , Dubai Healthcare City , Meydan Freezone , International Humanitarian City , Dubai Multi Commodities Centre , Emirates Towers District , Dubai Design District , Dubai Media City , Dubai Studio City , Dubai Production City , Dubai Internet City , Dubai Outsource City , Dubai Science Park , Dubai International Academy City , Dubai Knowledge Park  , Dubai Industrial Park , Hamriyah Free Zone , Sharjah Airport Free Zone , Ajman Media City , USA Regional Trade Center , Sharjah Media City  , Al Ghail Industrial Zone , Al Hamra Industrial Zone , Rakez Academic Zone ,  Al Hulaila Industrial Zone , Rakez Media Zone , Rakez Business Zone , Ras Al Khaimah Economic Zone , Umm Al Quwain Free Zone , Abu Dhabi Global Markets ,  Khalifa and Industrial Zone , Abu Dhabi Industrial City of Abu Dhabi , Masdar City Free Zone , TwoFour54 Free Zone , Ajman Free Zone , Fujairah Free Zone , Creative City Fujairah.

The post A Step-By-Step Guide To Setting Up A Business In Dubai appeared first on Ecompanies UAE.

from Ecompanies UAE https://ift.tt/2PX9uOB By Ecompanies UAE

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[halsca467]

Reasons why hiring Auditors are important in business

There are many accredited auditors in Dubai and UAE and Auditors in Abu Dhabi but you need to employ experienced smart auditors to monitor your company’s financial status for an effective audit program. Halsca have years of experience offering audit services in Dubai, UAE. We have vast expertise that helps clients perform statutory and external audit A business with qualified auditors in Dubai we provide results-oriented services to our clients.

Goals of Audit:

The first and foremost explanation behind the audit is to show the opinion about the company’s financial statements. Management decision-making is essentially based upon the financial statements of the organization. Unless the financial statements are not correct, the company management would not be in a position to make the right decisions. All these things are interrelated, so audit is of prime importance in the business.

The audit is carried out to see that the company is free from all the administrative flaws or not. This ultimately acts as a guarantee for the firm and its functions. This is why account is taken of statistical sampling for audits.

Let’s discuss the reasons why auditors are important for business:

Monitoring the efficiency of internal controls: Management adopts internal controls to strengthen an organization’s processes and practices in order to successfully achieve its goals and objectives. External checks also help to reduce the risk of fraud and to improve risk management.

Maintain and amend compliance with government regulations: A trained internal auditor helps to comply with laws and statutes. You can ensure compliance with applicable laws and regulations by conducting an internal audit periodically. It can also improve peace of mind in the business and plan for the next audit. Gaining consumer interest and preventing excessive non-compliance-related penalties makes internal audit an effective and profitable business for a company.

Improves Productivity in Audit Functions: Inadequate business strategies and processes can be critical for the growth of the company. An audit provides access to independent experts with specialized expertise within a sector and using years of experience to help an audit role within an enterprise. Companies should have specific technical backgrounds to help develop the industry’s various functions. Internal audit role also contributes to the creation of metrics which can be used as a standard by management and staff to assess the success of an organization.

Hiring accountants and auditors in Dubai is a real necessity for safeguarding business and encouraging business to expand. To determine the efficacy and efficiency of these components, it is important to engage an Audit Service to review the financial state, system procedures, and internal controls of the organization. It will improve responsibility, as well as transparency.

#Statutory Audit in UAE #Accounting services in UAE #Dubai best audit firms #chartered accountants in UAE #Financial advisory services in UAE #VAT registration in UAE #Tax Agent in Ajman #Vat consultancy in UAE #CFO services in UAE

[halcsa]

Hussain Al Shemsi Chartered Accountants (HALSCA): Recognized Accounting and Auditing firm in UAE. Auditing, Accounting, Consulting, Tax, Advisory services and Industry driving reviews, to world's most regarded brands, are the comprehensive range of services focused by Hussain Al Shemsi Chartered Accountants (HALSCA).

Being a registered and approved Auditing firm with UAE Ministry of Economic Dept., we are authorized to carry out accounting and audit works in all seven emirates of UAE.

#statutory audit in UAE #accounting services in UAE #Dubai best audit firms #chartered accountants in UAE #Financial advisory services in UAE #VAT registration in UAE #Tax Agent in Ajman #Vat consultancy in UAE #CFO services in UAE #Feasibility studies and Project reports

[deepcollectionwhispers-blog1]

#statutory audit in UAE #accounting services in UAE #Dubai best audit firms #chartered accountants in UAE #Financial advisory services in UAE #VAT registration in UAE #Tax Agent in Ajman #Vat consultancy in UAE #CFO services in UAE #Feasibility studies and Project reports

[setupoffshorecompany-blog]

Pros and Cons of Having an Offshore Company in Dubai

Setting up your company off shore has several advantages over other forms of company setup in Dubai.  Offshore companies are often preferred because of how discreet they are compared to other forms of companies that are there in Dubai. Locations where you can setup offshore companies are located in three specific areas in Dubai – Jemel Ali (which is in Dubai), Ajman, and Ras Al Khaimah. This article will look into the details of the one in Jebel Ali and what are the perks associated when you create an off shore company.

Let us enumerate the benefits of setting up an off shore company in any of the three locations:

There is 100 % ownership of your business

Do not have to divulge any information about shareholders

It is relatively quick to incorporate

There exists no public register of the director or the shareholder

Accounts can be created in different account in UAE

There is 100 % tax exemption on corporate and income taxes

Companies who have their business setup in JAFZA (Jebel Ali Free Zone Authority) will be entitled to hold residential and commercial properties inside Dubai.

In a nutshell those who want to setup their company in an offshore location will be able to avail:

Tax Optimization

Asset Protection

Confidentiality of Shareholders

Those who chose to setup in Off Shore Locations are usually practicing;

Investments

Trading

International Services

Professional Services

Holding Company

Shipping

Property Ownership

Copyright or Patent

Ship Management

When you create your offshore company you will be able to stay away from severe scrutiny and prying eyes. Since there is no taxation department operating in Dubai, you will be exempt from all that scrutiny and hassle. Income taxes, inheritance taxes, capital gains taxes are all exempt from being deducted. This entails that personal information that you might have will stay in Dubai and will remain private. Besides this when you setup an off shore company in Dubai you can setup a bank account that is completely safe and secure where the Dubai banking laws are strictly enforced.

When you want to register the company in Dubai, you will require a registered agent to work with you. This registered agent will help you with registering of the company. The government will levy charges before you can become a registered off shore company in Dubai. But overall those companies which are there off shore can relax because of the level of anonymity that they are able to gain.

That being said, there are certain things that you are not allowed to do when you are operating off shore.

Companies operating in off shore are not able to trade within the United Arab Emirates.

Companies operating off shore are also not able to rent local premises in the UAE.

#business setup in sharjah #business setup services in dubai #setup company in dubai