Service businesses under the UAEJurisdiction
Run an international service business from a tax-free jurisdiction. Take full advantage ofreinvesting 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 willgive you the opportunity to:
The ability to maximize profit capitalizationwithin enterprises under common ownership or control
Provide marketing andadvertising services
Market research, branding services anddeliverables, all types of online advertising, and SMM promotion of goods and services
Provide onlineservices to the public
Provide online services in various fields, suchas education, sports, entertainment, creative and others
Provide services forbusiness
Various financial services with the use ofonline technologies, consulting and other B2B services
Participate in largetenders
Ability to model financial audit reports forsuccessful participation in the bidder and selection process
Create a generalpayment center
Optimize the activities of your entireinternational business including 3rd party payments for offsetting mutual claims
Major advantages of the UAE jurisdiction foroperating a service business
Absolutely no corporate taxes whatsoever onforeign business activities and no personal income tax even on dividends
Free movement of funds
The right to free movement of capital into andout of the UAE, with no currency controls, is enshrined in the legislation
All business owners can apply for a residencepermit and achieve tax domicile status as long as a number of conditions are met
Such as relatively easy access to loans, asimplified system of bank compliance for accounts in dirhams
The legislation guarantees protection againstthe automatic exchange of tax information as required by CRS
Reputable and respected jurisdiction
The UAE is not included in any OECD or FATFblacklist or gray list, despite being a tax-free jurisdiction
Service business licenses available in the UAE
Management and consulting
Medicine and healthcare
Services for business
Payment agent services
SORP expert solutions for smooth business operation in the UAE
We will select the appropriatelicense and choose the place of incorporation to best match your objectives and target market
Fast incorporation using closecollaboration with the licensing authorities and the expertise of our in-house SORP resources
We have long-standing relationshipswith major UAE banks and know all their compliance processes so that we can quickly achieve KYC for you
Building holdingsand business structures
These represent a highly effectivetool for effective organization of management and investment in controlled structures
We construct totally legal tieredstructures to protect shareholders, including elements of an Arab trust tool
Outsourcingcore business processes
Engage admin, tax, accounting andlegal 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 internationalservice businesses based out of the UAE
Test and validate the business planand strategy in the context of UAE trade licenses, incentives and potential for launching your service business internationally
Tax planningand consulting
Analysis of legal methods ofinternational tax planning based on successful completed cases, offering you optimal solutions for business without taxes
SORP business center providesoffice space for young businesses and startups seeking licenses as well as proof that control and management occurs in the UAE.
Individually tailored solutions forinternational business that deliver more efficient tax optimization schemes based on UAE legislation
Registration of taxresidency
Support in obtaining a tax domicilecertificate as proof of compliance with the requirements of belonging to the UAE tax jurisdiction
Confirmation ofeconomic presence
Proof that the center of control andmanagement is at the company’s registered address and operations belong in the UAE jurisdiction
Success factors for service businesses thatoperate under the UAE flag
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%.
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.
SORP - the full range of UAE company formation,business support and management services
A leading consulting group that provides a full range of services for the incorporation, maintenance and management of businessesin the UAE and abroad. We have an impeccable reputation, extensive capabilities and substantial 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
Your requirements are unique. That is why we treat every business individually to tailor the right services to achieve your priorities.
15 years of successful work
We have helped thousands of clients acquire, build and develop businesses in the UAE
Assistance in choosing a bank that is suitable for your purposes, support with bank accounts opening and passing KYC procedures (know your customer).
Start a business in a super-profitable niche
SORP Group experts will help you evaluate your business idea and provide comprehensive support in organizing your project in the UAE.