Supporting you in building your
DREAM BUSINESS.
Brace Corporate Services is a corporate advisory firm for expats & native investors in UAE. Our services include business establishment, accounting & book-keeping, tax compliance, administration, and many more.
Our defining attribute is our capability to make our partner firms & clients grow. And how do we do that?
By establishing calculated strategies and by developing an organized algorithm for their profit. We own the expertise to convert knowledge into data. Thus, we deliver immediate solutions to our clients. We have in-depth knowledge and two decades of experience in corporate advisory. This experience makes us solve varied, complex problems of the corporate world in a flash. To develop innovative solutions, we examine each & every pointer.
We are a team of professionals. Professionals who are accountable for creating brilliance & adding the same to your business! We aspire to become the most reliable name within the field of Corporate Advisory. We pursue long-run & qualitative partnerships and customer relationships. We stand firm on the foundation of uprightness in our work. Pillars of BRACE Corporate Services include transparency, excellence, and commitment to our clients. The solution to all your business worries is a call away.
BUSINESS SET-UP.
FREE-ZONE COMPANY
FORMATION
Are you concerned about the legalities & whereabouts of starting a business in the UAE? About the prerequisite that 50% of the shares must be held by a UAE national?
Well, you don’t need to elude from your aspiration of a conglomerate business venture in Dubai. There marks the subsistence of free zone company formation where 100% foreign partnerships are allowed.
FREE-ZONE COMPANY FORMATION.
- The free zone, widely termed as free trade zone, is an economic region set by the government to promote foreign nationals to hold 100% ownership and flexibility on taxes during the setting up of businesses.
2. Each zone is divergent from each other based on:
- Cost
- Requirement
- Legal structure
- Restrictions
- The jurisdiction of the area fits every sort of economic activity.
- The bifurcation of the region is carried out based on business activities.
- It doesn’t include any taxes on the following types to hold a business:
- Corporate tax
- Personal income tax
- Ease in attaining UAE resident visa.
- It enables the availability of flexible office solutions.
- Dexterity in hiring expatriate staff.
- It ostracizes you from all import and export duties, requisites for venturing into international businesses.
The imperative structure that we molded or mould to accomplish your needs are:
- Minimum Capital Requirement
- Annual Audit Requirements
- Current Nature of Your Business
- Expansion Plans
- Company Structure
- Office Solutions
- Visa Requirements
- Bank Account Opening
- Other Compliance
OFFSHORE COMPANY
FORMATION
Offshore companies are the legal business entities set by foreign nationals from another country. National citizens of the UAE cannot initiate Offshore companies. Well, what makes offshore companies different from free zone companies?
The coherent working of global businesses, international taxation, accounts, auditing obligations, and whatnot.
OFFSHORE COMPANY FORMATION.
Features of offshore companies:
- They also serve as holding companies for worldwide subsidiaries.
- It enables the maintenance of wealth.
- Promotes international trading.
- It entitles property holding.
- It helps in the protection of intellectual property and assets.
- 100% Foreign Ownership.
- Tax-Free Jurisdiction
- Open Multi-Currency bank account in the UAE and abroad
- Allows you to hold property in the UAE and abroad
- Confidentiality of ownership
- No share capital requirements
- No physical office is required
- Provides Confidentiality
- Anonymity and Privacy
- Protect Wealth and Assets
UAE, the land of skyscrapers, ports, beaches, and where big businesses take place alongside sun-seeking tourism. Being a global business hub, it opens a wide range of opportunities for entrepreneurs and proprietors.
Confecting offshore companies in a tax-driven jurisdiction like UAE is a desirable option. Being a region that is high in demand for the construction of offshore companies possesses a double tax treaty with over 40 countries. There exist three offshore jurisdictions in UAE. They are:
- Jebel Ali Offshore or JAFZA Offshore
- Ajman Offshore
- RAK Offshore
As it is impossible to open an offshore company without a registered agent, who acts as a mediator, we are here to provide you with all the mandatory aspects for your dream company. We assure our boundless services like:
- Maintaining confidentiality throughout the process
- Respects your anonymity & privacy
- Provide your protection to wealth and services.
Our valuable services are also available at British Virgin Island, Cayman Island, and Mauritius.
MAINLAND COMPANY
FORMATION
To kick start a conglomerate business venture in the local market & outside UAE without any restriction, here comes the opportunity for mainland company formation. The business venture registered & licensed by the department of economic development can be run with the help of a local partner & foreign partners.
The local partner must have a shareholding of 51% of shares, and the foreign partner- up to 49% shares. In certain license category, a foreign partner can hold up to 100% of shares & a UAE national can be appointed as the local service agent in the company.
MAINLAND COMPANY FORMATION.
The type of companies formed with the accreditation of the economic department are:
- Limited Liability Company
- Sole Proprietorship
- Branch of a Foreign Company
- Branch of a Free Zone Company
- Civil Company
- Representative Office
- Public Shareholding Companies
- SME/Instant License
It is mandatory to lease office space of a minimum of 200 sq. ft. to set a mainland company up. The eligibility of the visa depends on the size of the office. The advantages of setting up a Mainland Company are:
- Wide range of business activities
- No minimum capital requirement
- Ease of opening bank account
- Easy availability of office solutions
- Robust network
- Easy business set-up process
- Participate in government projects
- 100% return on capital
- 0% corporate or personal income tax.