Prime Global Business Services is a market leader in company formation services in Dubai, providing customized business solutions to organizations all over the UAE, along with a comprehensive suite of supporting services. The UAE rules and regulations are rapidly changing and it consumes your valuable business hours, wherein, we take care of the regulations by providing friendly, competitively priced advice to help your business flourish.
Local Sponsorship
A local sponsor in UAE refers to a local service agent or nominee shareholder in UAE mainland companies with foreign investment. A sponsor should be a UAE national (Emirati), with a family membership (Jincya) card. As per the UAE Companies Law, local sponsorship is mandatory to operate a business in the Mainland/Onshore of the UAE. Contact Prime Global Business Services to know how to obtain,
Corporate Sponsorship starting from AED 10,000.00 words
Individual Sponsorship starting from AED 4,000.00 onwards
PRO Services
We offer documents clearing services in UAE for corporates, business establishments and individuals. In UAE, setting up a company involves legal procedures in accordance with the Department of Economic Development (DED), the Ministry of Labour, the Dubai Immigration and other government departments. We have well qualified and dedicated Liaison officers who have been working in the business incorporation industry for around two decades. We provide customized PRO services, as per your business requirements by taking care of all government-related documentation clearance. We have various packages that meet your requirements such as yearly, monthly and case to case payment plans.
We deal with;
License Amendment and Renewals
Local Sponsorship Change & Add/Remove Partners
Obtaining Municipality approvals
Processing Company Immigration Card and Labour Card
Processing new employment visa and its renewal for employees
Attesting import/export and other legal documents through a public notary
Filing for government approvals and obtaining No-Objection Certificates
Legal translation of documents
Applying for Ejari (commercial and residential tenancy contract)
Processing documents from Dubai Municipality and Chamber of Commerce
Preparation of Legal Documents
We help our clients operating businesses in the UAE to prepare legal documents and business contracts. Our expert consultants will assist you in the preparation of all documents required for business set up or any other commercial needs. The legal documents ensure legal protection for your business activities and personal assets.
Our documentation assistance service includes;
Memorandum of Association
Services Agency Contract
Civil Contracts
Share Selling Agreement
Legal Translation
Power of Attorney
Side Agreement
Board of Resolution
Wills & Probate (DIFC and Dubai Courts)
Office Facilitation
In UAE, it is mandatory to have a physical presence in the country for business operations. You can buy or rent an office in Dubai or any Emirate. If you are planning to rent an office, we can help you get approvals from the concerned authorities and make certain arrangements for the smooth functioning of your company. We help you find the best-in-class,
Individual Office
Shared Office
Premium office space package includes;
Executive Desk/Flexi Desk
Virtual Office
A fully furnished closed cabin, co-working space and virtual address in Sheikh Zayed Road Dubai
Dedicated telephone and fax line/number allocation
Incoming client phone calls answered by onsite reception team (Sunday to Thursday from 09.00-18.00 hrs)
Option for clients to have phone calls transferred to a landline or mobile number, or for messages to be emailed to the preferred client address
Secretarial service (Sunday to Thursday from 09.00-18.00 hrs)
Four hours boardroom usage and five days Flexi desk usage per month
Daily collection of client PO Box mail
Private courier request service
Signed receipt of parcels and client notification
Certificate Attestation
We offer certificate attestation for individual and corporate clients in the UAE. We can assist you with attestation, legalization, authentication and translation of documents. Get in touch with us to know more about the time taken and the processes involved. Our expert staff is always ready to answer any query that you may have, just drop us an email, call us or leave us an inquiry through our inquiry form and we will contact you immediately.
Educational Certificate Attestation
Personal Certificate Attestation (Birth, Marriage, etc.)
Company Documents Attestation
VAT Services
Value Added Tax (VAT) is a consumption tax applicable for all goods and services as its value is increased each stage of its production or distribution or services lines. It is an indirect tax that is related to a taxpayer’s consumption and not their income. The VAT is applicable in more than 160 countries. VAT, at the rate of 5%, shall be introduced in the UAE.
In UAE, those businesses whose value of taxable goods and supplies exceed AED 375,000.00 must do VAT registration. Whereas, VAT registration is not permitted for businesses whose value of taxable goods and supplies is less than this value but over 187,500.00.
Free Zones Exempt from VAT
As per the recent notification from the Federal Tax Authority, there are 20 free zones in the UAE would be exempt from VAT. These are being referred to as ‘designated zones’. The areas included are largely fenced free zones with special controls on goods, rather than areas such as Dubai Media City, Sharjah Media City or those dealing in financial services.
With the introduction of VAT in UAE, there are concerns that businesses would have regarding tax consulting. VAT returns are to be filed every quarterly or monthly, delay in filing leads to penalties. We mainly deal with;
VAT Consulting
VAT Registration
VAT Return
VAT return filing in UAE is online through the web portal of FTA. For the further proceedings please feel free to contact our TAX consultant.
Tax Residency Certificate
Tax residency certificate, also known as Tax domicile certificate, is issued by the Ministry of Finance, as per the provisions of avoidance of double taxation. UAE has signed the treaties with 55 countries to avoid double taxation. Tax residency certificate confirms the tax residence of a company or an individual in a given country. UAE’s Double Taxation Treaty (DTT) or DTAA is a bilateral agreement that preserves and upholds the interests of foreign investors and companies coming from other taxable jurisdictions, and investing in UAE. Any foreign company or national already paying taxes abroad for the profits earned in his/her business can mitigate any potential tax burden in the UAE as a result of this treaty. Investing in UAE is 100% tax-free, and the government does not impose any taxes through DTT on the business owners planning to set up their business in UAE.
Prime Global has vast professional experience in this domain for quite long and we deal with international clients and also help corporates, multi-national companies, entrepreneurs and individuals to resolve their tax complications and any other Double taxation issues while doing business.
Note – A person applying for the Tax residency certificate in UAE (TRC) should have stayed in the UAE for at least 180 days; non-residents cannot apply. The validity of a Tax Residence certificate is for 1 year.
Documents required for Tax residency certificate;
Individuals
A copy of passport, valid UAE visa and Emirates ID
Certified tenancy contract with Ejari (RERA) attestation/title deed
Attested 6-month bank statement from a local bank
Salary certificate
A report from the Immigration department specifying the duration of stay
Tax forms from the country where the certificate needs to be submitted
Companies
Copy of valid Trade License
Copy of company’s owners/partners/directors’ passport with Valid visa page
Copy of a valid lease contract or tenancy contract with Ejari
Copy of Emirates ID for the authorized signatory (Manager/Director/Owner)
Audited financial statement
Certified bank statement of an AED account for the last 6 months
Product Registration
Product registration refers to an enrollment of a product with its specification in the Municipality or any respective departments based on the product category. The government entities authorize manufacturing, sale, import and exports of products and ensure that all products meet the standard norms.
Why Product Registration Is Compulsory In UAE?
Products in UAE need to be Sharia compliant. A product registration enables the government entities to avoid fake and harmful products for the country. This also ensures the safety of consumers and maintain the quality of product. The Municipality inspects by random testing of products in collaboration with companies, factories and distributors thereby controlling the entry of such products in the market.
While taking the License, concerned activities are to be taken/get it approved.
Industrial Supplies
Needs approval from Municipality (Construction / Building Materials division)
Oil Field Supplies
Needs approval from Municipality
Welding Supplies
Needs approval from Municipality (Construction / Building Materials division)
FMCG Products
Needs Municipality product registration. Certain products require ESMA Registration as well. Lab tests required in certain cases.
Cosmetics, Beauty Supplies & OTC Products
Needs Dubai Municipality product registration. Certain products require ESMA Registration as well. Lab tests required in certain cases.
Sanitary Supplies
Needs approval from Municipality Health Dept.
Office Supplies & Furniture
For sales purpose, special approvals not required unless for some specific purpose.
Medical & Lab Supplies
Clearance required from MOH before product registration.
Intellectual Property Service
Prime Global is one of the unique and oldest corporate service providers in the UAE. We offer exclusive IP Services with an aim to benefit our clients to protect their creations. Intellectual property refers to the ownership of an idea or design by the person who came up with it. It is a term used in property law. A right that is had by a person or by a company to have exclusive rights to a distinct type of creative design, meaning that nobody else can copy or reuse that creation without the owner’s permission. Other intangible assets without the worry of competition, at least for a specific period.
The World Intellectual Property Organization (WIPO) provides global registration systems for the primary categories of Intellectual Property that includes;
Copyright
Includes Art, Literary Works, Music
Patent
Used to protect Inventions and Processes
Trademark
Protects Names, Company, Service, Products and Logos
Trade Secret
Protects Codes, Processes and Formulas
Ministry of Economy is the competent authority to register and protect intellectual property in the UAE. Our IP consultants are trained and experienced to handle all major areas related to IP issues. We can assist you to register a trademark, copyright and patent on a systematic, efficient, cost-effective and timely manner.
Import & Export Code Registration
An Import & Export code is a code, which is allotted by the Customs Department of all countries for a company to import or export goods after successful Approval from the Registration Department of customs of the country. Once the company gets an Import & Export Code the Company will be eligible to do import and export from and to all over the world according to the License Activity.
As in all other countries, it is mandatory to have an import & export code from customs to import or export goods in ports of UAE for all Companies. The procedures to get an Import & Export code in UAE is given below;
As in all other countries, it is mandatory to have an import & export code from customs to import or export goods in ports of UAE for all Companies. The procedures to get an Import & Export code in UAE is given below;
Upon the completion of all Licensing procedure in the concerned jurisdiction of Incorporation, you can proceed with the customs Registration.
The customs registration is an online procedure and you can get this done by logging to the official website of Dubai Customs.
Once the online registration is completed you will receive the User Name and Password to login to your customs company profile.
Once you login to the profile you can get the Company Import and Export Code.
Note – The validity of the Import and Export code is 1 year and you will have to renew every year.
Documents Required
Undertaking letter from the authorized signatory of the Company
Copy of Trade License
Passport copies of the shareholders
