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Newsletter 02/2020

Member News | Virtuzone


You’ve decided to set up a company in the UAE. Great decision!

You’ll be able to benefit from 100% company ownership, 0% corporation and personal tax, 100% repatriation of capital and profits, no currency restrictions and 100% import and export tax exemption. However, the technical, legal, administrative and financial aspects of setting up a UAE business can present some challenges. As a result of this, many aspiring entrepreneurs choose to enlist the support of a company formation specialist.

But not all company formation specialists are equal. Choosing a well-established specialist is one of the best investments you will make in your new business journey. Here’s why...

1. Setup is quick and easy
There is a lot of information to review when deciding on which jurisdiction is best suited to your business. Location, price, business type, office options, auditing and share capital requirements, to name a few. Plus, the setup process can unveil complications that could derail inexperienced applicants. Company formation rules and regulations vary from one jurisdiction to another, as does the paperwork involved. An established company formation specialist will guide you through the process and make sure you are well-informed along the way.

The company you choose should be one that advises on picking the right jurisdiction and explains the logic behind their advice. They should then proceed to get the work done for you wherever that jurisdiction is.


2. Financial stability
What happens if the company formation specialist you work with or the free zone itself shuts down due to poor finances? It can be tempting to choose an agency or a free zone that hasn’t been around for long, based on the money you can save now. But if the agency or free zone ceases to exist next year, what are you going to do with your trade licence?

You might pay extra upfront to set up your company with a leading, established consultancy, but this is going to save you time, money and hassle in the long term. Choose the right company formation specialist, not the cheapest – you get what you pay for!


3. Ongoing support

Having a UAE company setup partner with extensive local knowledge means you have someone on hand to help you navigate through unfamiliar territories. A well-established company formation specialist is like a silent business partner who has been keeping an eye on the market for years and is on hand to take action whenever legislative change occurs, or if you have any questions or concerns.

Once your company is set up, an experienced formation specialist will liaise with UAE government authorities on your behalf and be on the lookout to spot potential challenges before they arise. They will be incredibly well-informed of local and legal changes, ensuring that you and your business remains compliant and saves the confusion around where the responsibility for ongoing compliance lies… is it with them or with you?


4. Expertise beyond company setup

Only a few company formation specialists in the UAE offer services and support beyond the setup stage to help you grow your business and compete in your market space. By choosing an experienced company setup partner, you gain access to a team of experts that can support you with a broad range of services. Virtuzone provides its clients with

  • Guidance through government administration. Covering all the paperwork required for launching and staffing a new business in the UAE.
  • 24/7 technical support. Helping you with a website, hosting, email, servers, backups and cyber security.
  • Bookkeeping, payroll, VAT advisory and general advisory/accounting services.
  • Experienced brand design. Saving you time researching designers and briefing them.
  • A fully staffed 24/7 telephone service for your business.

5. Communication, convenience, trust and expertise

Choosing an expert you can trust, who is able to remove language barriers, work with your schedule and operate within your time zone, is so important when setting up a new business in Dubai and the UAE.

Company formation is about more than administration. Your chosen company formation specialist must possess a good understanding of the UAE regulatory and corporate landscape, and keep on top of changes in legislation, new trends and other factors that could affect your chances of business success.

Established in 2009, Virtuzone were the first company formation specialists in the UAE. Over the last 10 years we have helped more than 15,000 businesses to set up in the UAE – more than any other company. Setting up your own business has never been easier. Virtuzone takes care of it all so you can focus on what matters – building your business.

For more information about company formation in the UAE mainland or free zones

Please call us on +971 4 457 8200

Send an email to or

Click HERE

Australian Business Council Offer
Members receive a free, in-person consultation to go over your current company structure and trade licence to assess if you are set up in the most efficient and affordable way

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