Run an international service business from a tax-free jurisdiction. Take full advantage of reinvesting opportunities, participate in large tenders, and increase the efficiency of your business activities anywhere in the world.
Full compliance with banking regulations, the benefits of numerous international agreements, and legal methods of maintaining data confidentiality combine to provide many options for successful international business activities. SORP Group specialists will help you understand the nuances of UAE legislation, select the best solutions for incorporation, and provide comprehensive support for your service business operating from the United Arab Emirates.
Incorporating a service company in the UAE will give you the opportunity to:
Apply transfer pricing
The ability to maximize profit capitalization within enterprises under common ownership or control
Provide marketing and advertising services
Market research, branding services and deliverables, all types of online advertising, and SMM promotion of goods and services
Provide online services to the public
Provide online services in various fields, such as education, sports, entertainment, creative and others
Provide services for business
Various financial services with the use of online technologies, consulting and other B2B services
Participate in large tenders
Ability to model financial audit reports for successful participation in the bidder and selection process
Create a general payment center
Optimize the activities of your entire international business including 3rd party payments for offsetting mutual claims
Major advantages of the UAE jurisdiction for operating a service business
Tax-free environment
Absolutely no corporate taxes whatsoever on foreign business activities and no personal income tax even on dividends
Free movement of funds
The right to free movement of capital into and out of the UAE, with no currency controls, is enshrined in the legislation
Tax residency
All business owners can apply for a residence permit and achieve tax domicile status as long as a number of conditions are met
Financing incentives
Such as relatively easy access to loans, a simplified system of bank compliance for accounts in dirhams
Data privacy
The legislation guarantees protection against the automatic exchange of tax information as required by CRS
Reputable and respected jurisdiction
The UAE is not included in any OECD or FATF blacklist or gray list, despite being a tax-free jurisdiction
Service business licenses available in the UAE
A government-issued trading license is mandatory for any business operating out of the United Arab Emirates. Your license is a prestigious "business card" that reassures banks and counterparties around the world, as well as being the main constituent document of the company.
Information technology
Activities in the field of information security, network support, office equipment maintenance, software development etc.
Management and consulting
Providing B2B services and advice, such as management consulting, HR consulting and various and specialized advisory expertise
Fintech licenses
Providing high-tech innovative tools related to the financial services industry such as P2P lending, crowdfunding, e-money
Medicine and healthcare
Medical professionals or physicians setting up a practice or clinic or wishing to practice as a licensed healthcare professional
Educational activities
This covers teaching practice in preschool, secondary and higher education, and also for companies that deliver training courses
Services for business
Service providers such as bookkeeping, secretarial services, translation bureau and call centers all require this type of license
Payment agent services
Payment Service Provider (PSP) license for services offering online payment solutions that accept and make payments for third parties
Project investments
Selecting and placing funds into various infrastructure, public service, commercial, industrial and similar major projects
SORP expert solutions for smooth business operation in the UAE
Business model preparation
We will select the appropriate license and choose the place of incorporation to best match your objectives and target market
Company formation
Fast incorporation using close collaboration with the licensing authorities and the expertise of our in-house SORP resources
Opening bank accounts
We have long-standing relationships with major UAE banks and know all their compliance processes so that we can quickly achieve KYC for you
Building holdings and business structures
These represent a highly effective tool for effective organization of management and investment in controlled structures
Beneficiary concealment schemes
We construct totally legal tiered structures to protect shareholders, including elements of an Arab trust tool
Outsourcing core business processes
Engage admin, tax, accounting and legal support from SORP Group specialists, saving on staffing costs and ensuring business success
The global trend towards stricter control over business leaves very few legal methods for conducting international business while minimizing the tax burden, optimizing cash flows, and allocating funds to accounts. The UAE presents investors with the opportunity to conduct tax-free activities in the country. However, doing this successfully requires a deep understanding of the regulations on economic presence, and competent planning based on provisions of the legislation.
A complete set of solutions for international service businesses based out of the UAE
Business hypothesis confirmation
Test and validate the business plan and strategy in the context of UAE trade licenses, incentives and potential for launching your service business internationally
Tax planning and consulting
Analysis of legal methods of international tax planning based
on successful completed cases, offering you optimal solutions
for business without taxes
Dubai business address
SORP business center provides office space for young businesses and startups seeking licenses as well as proof that control and management occurs in the UAE.
International tax optimization
Individually tailored solutions for international business that deliver more efficient tax optimization schemes based on UAE legislation
Registration of tax residency
Support in obtaining a tax domicile certificate as proof of compliance with the requirements of belonging to the UAE tax jurisdiction
Confirmation of economic presence
Proof that the center of control and management is at the company’s registered address and operations belong in the UAE jurisdiction
Success factors for service businesses that operate under the UAE flag
Economic stability
The UAE is a country with beneficial legislation and one of the highest rates of economic growth in the world. The exchange rate of the dirham was pegged to the US Dollar in 1973 ensuring stability. GDP has grown dramatically over the past 20 years.
Government support for services sector
The UAE Government has initiated over 30 strategies to support and develop the services sector in the country. By 2030, the following strategies will be implemented: Strategy for the Development of the Innovation and IT sector, Strategies in the field of education, medicine, financial services and tourism.
Security and high return on investment
The UAE prioritizes protection of investors at state level, has implemented international agreements on mutual protection of investments with more than 60 countries, and guarantees free entry and withdrawal of capital without currency controls. Businesses should see an increase in profits due to the tax-free regime by at least 30%.
Minimal bureaucracy
The government prioritizes transparent procedures, active digitalization and successful implementation of blockchain technology in the system of public services. To date, almost all government agencies in Dubai have switched to the Blockchain Platform for Business (UBRP), which simplifies the processes of company formation and obtaining licenses.
The country's high reputation in the global business arena
The United Arab Emirates enjoys a well-deserved reputation in the world. In the IMD 2020 rankings, the UAE ranked 9th in the world in terms of economic competitiveness and 14th in terms of digital competitiveness. The prestige of the jurisdiction increases the credibility of UAE-resident companies and provides them with access to participate in international tenders and projects.
The UAE is not considered by the international community as a "gray" offshore zone with dubious tax preferences. It is not included in any black or gray list of the OECD or FATF, has joined the Standard on the Automatic Exchange of Tax Information (CRS), and enjoys full confidence and recognition from the main international institutions.