Company Set-Up

 COMPANY FORMATION IN DUBAI
As Lotus Legal, we provide our customers with the followimng services in Dubai:
- Company setup
- Accounting / Tax Consulting,
- B2B matchmaking, business development and marketing services, digital marketing, - Branch opening in Mall,
- Design
- Tax advantage
- Ease of doing business - World trade center
- Ease of access
- Ease of company setup
Company Types
There are three types of companies in Dubai, depending on the region of incorporation: - Freezone
- Mainland
- Offshore
There are some limitations depending on the region in which the company is established. For example, Freezone companies cannot trade into the United Arab Emirates (UAE). If you want to trade into the UAE, the company must be incorporated in the Mainland. In another example, if you want to trade from the UK to Turkey, it is sufficient to establish a company in the Freezone zone.
Company Partnership Structures
Although the number of partners does not affect the cost, it increases the operational effort and process. As the number of partners increases, document sets and intelligence control processes become longer. Especially in case of opening a bank account, it is not recommended to have more than 2 to 3 partners.
Residence Permit
In case a company is established, a residence permit can be obtained for 2 years. If requested by the person on whose behalf the company is established, a sponsor visa application can also be made for the person's family.
Company Establishment Process
In the first stage of the company establishment process, documents such as passports, invoices, photographs, etc. of our customers are needed. After obtaining the necessary documents, we contact the relevant authorities and register the customer on behalf of the customer.
A strategy plan is prepared in line with their requests and the relevant applications are made by our team. At this stage, additional documents such as CV, bank statements, etc. may be requested. After all the necessary processes are completed within 1-2 weeks, an Entry Permit is issued for the partners and they are invited to Dubai. The point to be considered at this stage is that if the company partners have never entered Dubai before, they need to get a Tourist Visa instead of an Entry Permit for the first time. After arriving in Dubai, fingerprinting and visa processes are carried out by our team and Emirates ID is obtained. After this stage, an application for a bank account is made. There is no problem for our client to return to his/her country during the bank account application process, however, after the bank account is opened, our client will be invited back to Dubai to receive the checkbook and debit card. Appointments are made by our team during this whole process. One of our representatives accompanies our client to all relevant institutions in Dubai.
Why Dubai?

 Tax
In general, the tax rates are as follows. It is important to note that the duty rates given below may differ for some specific sectors and products (for example, an additional 50% duty is applied to sugary drinks):
- Customs Duty 5% - special tariffs with some countries, including Turkey under CEPA. agreements have been made. 80% of product items are exempt.
- VAT 5%
- Corporate Tax is 9% - USD 100,000 on net profit. Also SME exemption Companies under AED 3 million turnover may be exempt from this tax until 2026. - Income Tax - 0%
Cost
The cost varies depending on variables such as the nature of the region chosen (Freezone or Mainland), the number of visas, the type of bank, the necessary institutional approvals and whether or not an office is required.