License is the main authorization document allowing business to carry out a permittedeconomic activity in the UAE, both onshore and abroad.
The activities that businesses can perform in the UAE are restricted to those listed in the entity’s license issued by the Economic Department in the relevant emirate. To start your business sucessfuly, you should choose the most appropriate type of license depending on the contemplated business activities. Knowing procedures of obtaining the license and pecularities of its renewal and cost is also very important. SORP provides a “turnkey” solution for incorporating your business in the UAE and offers a comprehensive range of services supporting your business needs in the country.
Business license is a main statutory document which reflects the date of incorporation a nd expiry, listed permitted business activities, names of the owner and the manager.
For a local (mainland) company it is required for foreign parties to partner with a UAE national who must hold at least 51% of the shares in the local company. FZ incorporation is possible
Success of trade business in the UAE is backed with minimal taxation, great geographical location and high share of the paying population.
A local (Mainland) company may be incorporated with a 100% foreign ownership, a service agent must be appointed. Free Zone incorporation is possible.
Get the best of doing business in the UAE - the highest paying world market with high appraisal of available services and their quality.Learn more
An incorporated local company with a relevant activity wil be governed and supervised by Central Bank of the UAE and Securities and Commodities Authority (CSA) of the UAE
Tax free activity in the UAE and abroad is combined with the possible interest and commissions recipience, capital and asset management.Learn more
The UAE governs the sector through Real Estate Regulatory Authority (RERA). Business incorporation should be local (Mainland).
The significant infrasructure spending and growth of the construction sector increased an amount of transactions and raised demand for services.Learn more
The UAE governs the sector through the Building Department. The type of ownership of the company depends on the business activities.
The vast amount of construction projects in the Emirates sets global tasks for engineering contractors for enhanced performance and operation.Learn more
A company may be incorporated in a Free Zone or locally (mainland, a local partner must hold a 51% ownership). Permitted activities should be approved
A UAE logistic market growth unlocks a huge potential for business. Tax free regime sustains business profitability onshore and abroad.Learn more
The UAE governs the sector through the Tourism and Marketing Department. An incorporation can be made both locally (mainland) and in a Free Zone.
The significant potential of tourism and the hospitality sector in the UAE, along with the Government support, provides the business profitability in the country.Learn more
The UAE governs the sector through the Building Department. An ownership structure of companies depends on the business activity.
Active construction across the country, high consumer demand provide orders download for construction companies , design and finishing works contractors.Learn more
Knowledge and Human Development Authority (KHDA) regulates the sector in the UAE. Setup is available in mainland and in a Free Zone.
The sector is one of the top priorities for the Government support in the UAE. A growing demand for quality services provides the profitability for business.Learn more
Free Economic Zones foster an attractive environment for those businesses focused only on international operations (i.e. outside of the UAE) and/or the economic activity within a free zone. The best alternative is to incorporate a company locally ( mainland of the UAE) to unlock unlimited investment benefits for conducting a true exterritorial business in the UAE and in any other destination abroad.
SORP Group provides a set of solutions for licensing most types of businesses in the UAE. Being in close contact with Government authorities and holding the status of an agent in Free Zones, SORP guarantees prompt and seamless registration procedures.
SORP will advise on a right type of a license and on appropriate legal entity for your business
SORP’s expertise in the local corporate industry guarantees a support with utmost diligence.
Nominee service from SORP Investment LLC with a waiver in the Dubai court
SORP Business Center provides clients with an office lease for the purpose of licensing and doing business with Ejari / Estidama, flexi-desks and virtual office.
SORP has a close cooperation with leading banks in UAE, providing clients with a full range of support to ease compliance and passing all KYC procedures.
SORP provides legal and tax consulting, accounting as well as administration services to ensure that clients are supported with all their business and statutory needs.
The license must be renewed annually, after having provided a full year audited finacial report to the relevant authorities, a renewed office lease, as well as obtaining required approvals.
A renewal of the license allows the relevant authorities to oversee the legality of conducted business and also represent a hidden “tax burden”. A licensing fee for renewal of permitted business activities in the UAE should be paid annually.
Application for a renewal will be subject to the consent of economic autorities of a respective emirate or a free zone as at the start of an incorporation process. This procedure requires permission from the relevant authorities and a renewed lease contract and agency contract to be presented by the entity.
According to the current legislation, each business license in the UAE must be renewed annually. This requirement remains the same for all types of entities incorporated locally (mainland) and in free economic zones.
SORP will provide a nominal UAE partner service and renew the previously conducted agreements and current contracts.
SORP will allow you to save money each year by providing a lease of minimal required office space at its own SORP Business Center.
SORP provides renewal services for licenses, permissions and other statutory documents in the UAE, including complicated cases.
Having a UAE domicile will exclude a business entity from an automatic tax information exchange by the CRS standard.
While providing an expediency of operating activity from the UAE, a business entity will prove a legitimate tax optimization structure abroad.
UAE legislation provides a free capital control environment which is an important prerequisite for conducting internetional business activity for tax optimisation and free cash settlements.
SORP Group of Companies equips entrepreneurs with a unique set of business tools for effective tax planning and optimization of international economic activity through the means of UAE legislative norms.
All UAE residents are protected from an automatic exchange of tax information when doing banking transactions.
Tailor - made solutions for enhacing tax optimization for international business through the UAE legislation.
Proof of the economic presence in the UAE through the onshore management (decision) center and tax residency.
The global trend towards increased control over businesses leaves fewer legal methods to minimize tax burden, optimize cash flows and allocate funds to bank accounts. However, incorporation of a local company in the UAE provides businessmen with a complete set of tools for solving such problems, including protection from automatic exchange of tax information, information on bank accounts and other assets in accordance with CRS standards.
SORP Group is a leading consulting group providing the full range of services for business incorporation, management and support in the UAE and abroad. We offer you our proven expertise, impeccable reputation, great opportunities and significant assets:
SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country
Expert knowledge and 15 years' experience in conducting professional consultations, opening, and comprehensive support of companies in various sectors of the economy.
Assistance in opening bank accounts, choosing a bank suitable your purpose, support during the KYC procedure (“Know Your Customer”).
Checking your company's concept for strategic and legal errors. SORP Group strategic partnerships with the best lawyers in the UAE and around the world will provide prompt legal support for your business.
We will ensure the confidentiality of Your data and take appropriate measures to comply with current legislation, as well as solutions on corporate, tax and judicial law and economic substance requirements.