TAX & CORPORATEC O N S U L T A N T S

Tax & Corporate Consultants (TCC)

109–110, Building - 6,

Emaar Gold & Diamond Park,

PO Box 282472, Sheikh Zayed Road,

DUBAI, United Arab Emirates

Phone Number - +971 (0)4 338 8823

Email – info@bestercapital.com

Website- www.tcccorporate.com

www.tcccorporate.com

Asset protectionFin

ance

Company ManagementOffshore Management

Inco

me

Company formation

2"Overall, Dubai’s status as a global hub will continue to show in

strength given its extensive connectivity, strong economic

prospects, low tax system and safe haven status, which are all

underpinned by world-class amenities and infrastructure"

COMPANY OVERVIEWT

EA

M O

VE

RV

IEW

18 ARIF SAEED SALIM SALEH ALKASADI CHAIRMAN OF THE BOARD

MARICA PIRAZZINIHEAD - COMMERCIAL ADVISORY

FIORENZO CAPONERAHEAD - LEGAL ADVISORY

ABEY ABRAHAMFINANCIAL & TAXATION

CONSULTANT

FEDERICA D’ANDREACLIENTS & MARKETING

MANAGER

SILVIA STRAKOVAFUND ADVISOR

ABDUL SAMIFINANCIAL ANALYST

Tax Corporate Consultant (TCC) is a UAE based accounting and corporate advisory

boutique company providing quality service across the UAE & Internationally to assist &

partner with our clients and acting like a solution provider.

We specialize in economical financial solutions and our offerings include a wide array of

financial services that cover local and cross-border Tax legislations (VAT and Excise), local

and international business setup, and professional support for entities including

bookkeeping and audit services to support the businesses and meet their requirements of

compliance and internal controls.

Our goal is to guide entities in focusing on their core business development and leave the

entire support and reporting services to us, having us like their

“Partners in Growth”

Experts at Business Setup and Company Formation will guide you on the type of the most suitable

license for your Business.

Experienced Consultants with a keen eye on the GCC Market Business Growth will advise you on the

precise way to implement your Business, either as a Mainland Company or multiples Free Zone

Companies to choose from.

International Consultants speaking eight different languages (English, Arabic, Italian, Spanish, French,

Hindi, Urdu and German) provide comprehensive solutions right from the initiation of business setup,

choosing the right name for your company, procuring trade license, identifying the right sponsors,

arranging visas for partners, dependents and employees, helping you getting your residence visa and

emirates id.

Vast network of successful Business Setups in the UAE, is well connected with SMEs and PROs in the

UAE to help you kick start your business in top gear.

TCC Consultants have the professional expertise to help you incorporate your company from the seed

idea to getting approvals and clearances from the Government Departments, Finding the right local

partners or sponsors, banking recommendations, identifying business centers and office location, and

handling other documentation formalities.

4

WHY DUBAI AND UAE

Country Corporate taxation Individual income tax rates VAT or GST or Sales tax (indirect taxation)

UAE 0% 0% 5%

United States 21% + 0 –12% State/Local0-37% (federal) ,+0 -13.3% (state)

+ 0% - 3% (local)

11.725% (highest prevailing state +

local sales tax rate)

Spain 25% Up to 45%21% (standard rate)

10% or 4% (reduced rates)

Luxembourg 29.22% 6-52% 17%

Italy 27.9% (24% + 3.9% municipal) Up to 47% 22% (standard rate)

United Kingdom 19% Up to 45%

20% (standard rate)5% (home energy and renovations)

Germany 29.65% Up to 47.475% 19% (standard rate)

Japan 32.11% Up to 55.945% 8%

Dubai, one of the seven emirates of the UAE, a marginally tax-free city, with no income or capital gain tax for individuals

and companies operating in the UAE.

�e UAE offers steadily growing economic hub with its state of the art infrastructure, tax free income, fair Policy and

regulatory framework, government Initiatives like Expo 2020, connectivity to all countries and a potential growth in

economic development.

16

CORPORATES/FIRMS INTERESTED TO START

BUSINESS IN DUBAI

COMPANY FORMATION APPLICATION PROCESS

BEGINS ONCE ALL NECESSARY DOCUMENTS ARE

ACQUIRED. TRADE NAME APPROVAL AS PER THE

CLIENT SELECTIONMINIMUM 3 CHOICE)

ESTABLISHMENT OF THE COMPANY IN THE MAINLAND OR FREE

ZONE ENTITYFZE) HAVING ACTIVITY AS DEFINED AND

REQUIRED BY THE INDIVIDUAL.

PASSPORT COPY FOR ALL PARTNERS FOR DRAFTING

MANAGEMENT AGREEMENT.

PAYMENT FOR THE COMPANY SETUP COST AND MINIMUM

CAPITAL BANK ACCOUNT DEPOSIT.

AFTER THE SETUP OF THE COMPANY, VISIT DUBAI TO SIGN

AGREEMENT AND REGISTRAR COMPANY FORMATION

BANK ACCOUNT OPENING: WE ASSIST IN

IDENTIFYING THE PREFERRED BANKING

PARTNER FOR THE CLIENT AND ASSIST IN

OPENING THE BANK ACCOUNT UNDER

THE NAME OF COMPANY AND ACCESS IS

PROVIDED TO THE CLIENT.

WE WILL ASSIST FOR TRADE FINANCE

FACILITIES LIKE LETTER OF CREDIT (LC), TRADE

DOCUMENTATION COLLECTION AND

DEPOSITS AND BANKING COORDINATION.

WE ASSIST THE COMPANY TOWARDS

PREPARING THE COMPANY FINANCIAL

STATEMENT, AUDIT SERVICES, BANK

ACCOUNT RECONCILIATION, COMPANY PRO

SERVICES, OFFICE AND VISA AND

GOVERNMENTAL SERVICES.

FOR EXISTING COMPANY

World Bank report of 2017 state UAE has ranked 17th

Global Competitiveness Index and 21st in ease of doing

business.

�e UAE is the second safest country in the world behind

only Finland, according to a report from the World

Economic Forum (WEF).

For year 2017, Dubai with 15.79 million was ranked 4 ,

most visited city globally by MasterCard Global

Destination Cities Index.

Dubai offers visitors and residence, world class hotels,

shopping malls, world class restaurants, luxury residential

apartment and villas, beaches and 365 days sunshine.

�e UAE is home to over 200 nationalities out of the 9.2

million total population, the expatriates contribute

around 7.8 million.

INDIVIDUALS: SPORTSPERSON, CELEBRITIES,

ENTREPRENEURS

COMPANY FORMATION APPLICATION PROCESS

BEGINS ONCE ALL NECESSARY DOCUMENTS ARE

ACQUIRED. TRADE NAME APPROVAL AS PER THE

CLIENT SELECTIONMINIMUM 3 CHOICE)

ESTABLISHMENT OF FREE ZONE ENTITYFZE) HAVING ACTIVITY

IN FREE ZONE WITH 100 PERCENTAGE OWNERSHIP.

PASSPORT COPY OF THE INDIVIDUAL FOR DRAFTING

AGREEMENT.

PAYMENT FOR THE COMPANY SETUP COST AND MINIMUM

CAPITAL BANK ACCOUNT DEPOSIT.

AFTER THE SETUP OF THE COMPANY, VISIT DUBAI TO SIGN

AGREEMENT AND REGISTRAR COMPANY FORMATION

BANK ACCOUNT OPENING: WE ASSIST IN

IDENTIFYING THE PREFERRED BANKING

PARTNER FOR THE CLIENT AND ASSIST IN

OPENING THE BANK ACCOUNT UNDER

THE NAME OF COMPANY AND ACCESS IS

PROVIDED TO THE CLIENT.

IF REQUIRED RESIDENCE VISA, THE

PROCESS IS EXPECTED TO CONCLUDE IN

5 UAE BUSINESS DAYS

WE PROVIDE PERIODIC COMPANY

FINANCIAL STATEMENT, BANK ACCOUNT

RECONCILIATION, COMPANYS PRO

SERVICES, OFFICE MANAGEMENT, VISA

AND GOVERNMENTAL SERVICES.

FOR INDIVIDUAL STRUCTURE

th

�e UAE Government has strict and fairly positioned regulatory frameworks to govern new

and existing Businesses in the UAE. �e first step of Setting up a Business in UAE is

identifying the type of license that is appropriate for your type of Business, like :

Commercial License – For Companies with activities related to trade, like consumer

supplies, dry goods etc

Industrial License – For Companies related to Manufacturing or other types of Industrial

activities.

Professional License – For Individuals or groups that offer their expertise as a service to the

general public, like professionals, artists etc.

All Business licenses will be approved and issued by the Department of Economic

Development in Dubai(DED).

�ere are 2 types of companies setup in the UAE, Mainland Company or a Free zone

Company.

SETTING UP A COMPANY IN UAE

%

14

Limited Liability Company (LLC)

A Limited Liability Company can be formed by a minimum of two and a maximum of fifty

shareholders whose liability is limited to their shares in the company’s capital.

Foreign investors are permitted to hold up to 49 % equity ownership in UAE companies,

whereas 51 % of the equity must be owned by UAE National(s).

Benefits of LLC

Access to clients both in the UAE and Free Zones.

No restriction of Office Location

Unlimited employee visas.

100 % Tax Free Income

No minimal Capital Requirement.

Investor can manage the business without interference from the local partner.

Easy access to local/ global bank accounts and loan facilities.

MAINLAND COMPANIES:

�e cost includes the following services

Government company setup charges

Lawyers draft for the Agreements

Bank Account and online access

Residence Visa for two people (additional as per immigration charges)

Medical Test

UAE Local ID Fee

Public Relation Officer dedicated during their stay in Dubai for the setup process

8Capital Requirement Minimum capital required to be provided in the bank account.

Costs

General Trading License Package (First Year)

Fees/charges in Euro

7,500 first year

Annual statutory Fees License renewal and government charges*

Annual Administrative Charges Based on the clients requirement

Formation and Annual Charges (Estimated Cost)

*The cost is for basic company accounts it may differ, if the scope of work is expected to increase and subjected to TCC Tax and Corporates services discretion to propose revised cost.

Any additional or new UAE government charges to be borne by the client and 5% VAT applicable for all fees and charges as per UAE Federal tax laws.

BENEFITS OF ESTABLISHING A FREEZONE COMPANY

%100 foreign Ownership

%100 repatriation of capital and profits

%100 free transfer of funds

%100 exemption of import and export duties

Stable and clear regulation

No Personal Income Tax

No corporate Tax

State of the art infrastructure

No recruitment problems

No Currency restrictions, USD is fixed to UAE dirham at 1$ @

Business Setup or Company Formation in UAE Free Zones

UAE Free Zones are designed according to different business or industry categories and offer

licenses based on specific categories and have been a huge success in the UAE commerce.

Dubai’s self sustainable Free zones have attracted a large number of companies and foreign

direct investments, expanding net non oil export revenues.

An Independent Free Zone Authority (FZA) governs each free zone, and is responsible for

issuing FTZ operating licenses and assisting companies with establishing their business in

the FTZ.

Investors can establish their company in any Free Zone either as :

a Free Zone Establishment (FZE),

Free Zone Company (FZCO) or

as a branch of their parent company based within the UAE or abroad.

Such companies can be solely owned by the foreign investors with no involvement of a UAE

National or sponsor. Some activities may require prior approvals from the competent

authorities depending on the product / activity required by the investor.

FREEZONE COMPANIES:

12

FREEZONE COMPANY BENEFITS

3.6725 AED since 1997.

10CONTACT US FOR A

FREE CONSULTATION

SELECT YOUR COMPANY

TYPE AND NAME

LICENSE

NOTIFICATION

VISA PROCESSING &

STAMPING

RAPID BANK ACCOUNT

OPENING

We provide UAE company

formation consultation to

existing and potential

clients.

We offer many company

formation options here in

the UAE for Free Zone

companies and Mainland.

Providing the name of the

company (minimum 3

choice)

Company formation

application process begins

once all necessary

documents are acquired.

Following your Dubai

company’s registration, our

dedicated PRO team will

support you for Visa

processing & stamping.

We are tied up with all

leading banks in UAE, we

can support and act behalf

of you to open bank

accounts rapidly.

FIVE EASY STEPS TO UAE COMPANY FORMATION

STEP 1 STEP 2 STEP 3 STEP 4 STEP 5