Free Zone Companies in UAE- General Overview

Definition:

• Free trade zone, an area in which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of customs authorities

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Company fined for hiring illegals

The RAK Naturalisation and Residency Court has found a company owner guilty of recruiting illegal residents and has been slapped with a Dh50,000 fine.

The Court, presided over by Judge Ahmed Al Ameer, has also ordered the closure of the company until it amends the position of all the employees working there in violation of the law.

As for the Arab and Asian workers convicted of illegally staying and working in the country, the court ordered them to pay different amounts of fines in view of their overstay period and other violations.

Court records show the RAK Labour Office, in collaboration with the Illegals Follow-up Section at the Foreigners and Residency Affairs in Ras Al Khaimah, earlier arrested the suspects in intensive raids. The government announced in February, at the end of the amnesty period which allowed illegal residents to exit the country without penalty, that it would begin a serious crackdown on people overstaying in the country.

The company owner also proved to have flouted the set rules and closed his company without notifying the bodies concerned to avoid paying the workers’ pending salaries and arrears.

The RAK Misdemeanor Court in another case, exonerated an Asian worker from destroying the labour camp where he was staying for lack of evidence and criminal grounds.

The court, presided over by Judge Fathi Al Qallaa, said the case unfolded last year when the sponsor of the worker lodged a complaint with the RAK Police accusing his worker of ruining the facilities in his labour camp where other workers are staying.

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International Offshore Company anywhere in the World

    Offshore Company is a  International Company wherein you can do trading by moving goods Globally and raise Invoice from the Dubai registered Offshore Company. Under this Offshore Company you are not eligible to get any Residence Visas.

The advantage of Off Shore Company are many fold.

·         No taxes         

·         No office        

·         No maintaining of accounts      

There is no personal or corporate tax. No questions asked for taking money out of the country or bringing money in.

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New Business Setup in UAE

LexBiz Consulting DMCC is a Premium Business Advisory and Business Consultant, delivering comprehensive advise to clients on business planning, incorporation, corporate finance, mergers and acquisitions. We are Specialists in Company Formation in all Jurisdictions with extensive expertise in the mainland UAE. Our consultants are fully versed with the commercial law.

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Advantages of Dubai Offshore Company

Details for incorporation of Dubai Offshore company is as follows:
The advantage of Off Shore Company in Dubai are many fold.
No taxes          

No office         

No maintaining of accounts     

Can open account with all or any of the UAE based domestic and International banks in multiple currencies like USD, EURO,AED, Pound Sterling, etc., with corporate cheque book and ATM Card facility.

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