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Our wide range of PRO services is designed to assist professionals, entrepreneurs and SMEs in all industries. From residence visas and Emirates IDs, to attestation and translation services, we can assist you with any PRO requirement, even if your original license was not issued through Virtuzone.
Our PRO Services
Residence visas for dependants, maids and drivers
Courier/driver services during office hours
Ejari registration and renewal
Medical fitness tests for residence visa applications
Obtaining or renewing Emirates ID cards and e-gate cards
Attestation and legal translation
Obtaining or renewing UAE driver’s 3 licence, liquor licence, police clearance and power of attorney (POA)
Chamber of Commerce registration and renewal
Other – Please ask your Visa Consultant or Relationship Manager if you would like to enquire about a particular request.
Leave the hard work to our team. Access our reliable and affordable PRO services and ensure your business admin requirements are handled with efficiency and expertise.
|Standard fee for approximately 2 hours of service||AED 500.00|
|Non-standard PRO services||Additional charges may apply|
* All rates are inclusive of 5% VAT.
The Complete Guide to Choosing PRO Services in Dubai
If you’re looking to set up a business in Dubai, you’ll need to find the right professional services to help you out. There are a lot of different options out there, so it can be tough to know where to start.
In this article, we’ll give you some tips on how to choose the right company offering PRO services in Dubai for your needs. Here’s a clue, it’s us!
We’ll also share some of our best pieces of advice. So keep reading to learn more.
The Basics of Professional Services in Dubai
Not all PRO services available in Dubai are the same. When you’re looking for a company to help you with your business setup, it’s important to do your research.
Some things to consider include:
- Their experience in the field
- The quality of their work (are they reliable and do they produce good results?)
- How they work (do they offer a customised service or do they follow a set procedure?)
- Their references and reviews
Once you’ve narrowed down your options, it’s time to get in touch and ask for more information. Most PRO companies will be happy to answer any questions you have.
The Different Types of Business Setup in Dubai
There are several different types of business structures that you can choose from when setting up a company in Dubai. Let’s take a look at the most common.
This is one of the simplest types of business structures, and it’s owned by one person. The owner is responsible for all debts and liabilities incurred by the business.
Benefits of a Sole Proprietorship
- Low startup costs
- Easy to set up
- Taxed at the owner’s tax rate (maybe nothing)
- The owner has complete control over business decisions
Drawbacks of a Sole Proprietorship
- Limited financial resources
- The owner is personally responsible for all debts and liabilities
- No separation between owner and business
- Limited ability to raise capital
This is a business structure that is owned by two or more people. Partners are equally responsible for debts and liabilities incurred by the business.
Benefits of a Partnership
- Equal ownership and control of the business
- Easy to set up
- Taxed at the partners’ tax rate
Drawbacks of a Partnership
- All partners are personally responsible for the debts and liabilities of the business
- No separation between owner and business
- Limited ability to raise capital
- Limited life span – the partnership will dissolve when any one of the partners dies or leaves the business
Limited Liability Company (LLC)
An LLC offers limited liability protection to its owners. This means that they are only liable for the amount of money that they have invested in the company.
Benefits of an LLC
- Limited liability protection for owners
- Easy to set up
- Can have foreign shareholders
Drawbacks of an LLC
- Owners are not personally liable for the debts and liabilities of the company
- Can be more expensive to set up than other business structures
- It may have restrictions on who can own it
Company Limited by Guarantee
This type of company doesn’t have any shareholders but instead has members who are responsible for the company’s debts and liabilities if it goes bankrupt. It’s a common type of business in Dubai but less common in other countries.
Benefits of a Company Limited by Guarantee
- Members are not personally liable for the debts and liabilities of the company
- Can be more affordable to set up than in other business structures
Drawbacks of a Company Limited by Guarantee
- Members may have to contribute money if the company goes bankrupt
- May be difficult to raise capital
- Limited life span – the company will dissolve when all members die or leave the business
Joint Stock Company
A joint-stock company is a company that has shareholders and is responsible for the debts and liabilities of those shareholders.
Benefits of a Joint Stock Company
- Shareholders are not personally liable for the debts and liabilities of the company
- Can be more expensive creating a business in Dubai this way than other business structures
- May have restrictions on who can own it
Drawbacks of a Joint Stock Company
- Shareholders are liable for the debts and liabilities of the company
- The company can be divided into different classes of shareholders which may have different rights
- Can be difficult to raise capital
- Limited life span. The company will dissolve when all shareholders die or leave the business
How to Choose the Right PRO Services in Dubai
When it comes to setting up a business in Dubai, choosing the right PRO services company can make all the difference.
A good company like us will help you every step of the way. From deciding on a business structure to getting your license and opening bank accounts we’ll be there to guide you.
They should also have years of experience in the field and be able to offer a high-quality service. Although Dubai is popular because it has different tax laws to many other countries, including the US, UK, and Canada pro services companies here must still adhere to international standards.
So let’s talk about choosing a professional services company that can provide you with tax and accounting support. We specialize in these areas and have a team of qualified accountants who are up-to-date with the latest changes in tax law.
Tax Law and Accounting in Dubai
When it comes to pro services in Dubai, one of the most important is tax law and accounting. This area is critical for businesses operating in Dubai, and it’s important to have an experienced professional who can help you stay compliant with the laws and regulations.
In Dubai, all business types must file their financial statements with the Department of Economic Development (DED) regardless of their size. The DED is also responsible for issuing licenses and regulating all economic activities in Dubai.
There are several different types of businesses that can be set up in Dubai, and the accounting and tax requirements will vary depending on the type.
In any case, filing your taxes and keeping your books in order is a complex process, and it’s important to have an expert on your side.
If you don’t file your taxes or keep your books in order, you could face serious penalties, including fines and even imprisonment. The deadline for filing your financial statements with the DED is usually at the end of April each year.
Taxes in Dubai vs the USA
A lot of people are curious about the differences in taxes between Dubai and other countries, like the US.
In the UAE there is no personal income tax, but businesses must pay a corporate tax rate of 24%. This is significantly lower than the corporate tax rates in other countries, such as the US (35%) but slightly higher than the UK (21%).
However, there are other taxes that businesses must pay in Dubai, such as the Zakat tax which is a religious tithe that all Muslims must pay. The Zakat tax is usually around two and a half percent of a company’s annual profits.
Various other taxes may apply, depending on the business type and location.
It’s important to consult with a pro services company that can guide you on making the most of the tax infrastructure in Dubai. For example, the Dubai Free Zone offers many tax exemptions for businesses located there.
- 100% exemption from corporate tax for the first five years
- 50% exemption from corporate tax for the next five years
- 100% exemption from Zakat tax
- No import duties on capital goods and raw materials
If that sounds intriguing to you, it probably should! There are a host of benefits to setting up a business at a free zone in Dubai.
We have a lot of experience helping clients to set up businesses in Dubai, and we can help you to take advantage of all the tax exemptions available.
Our Experience Setting Up Businesses in Dubai
Here at Virtuzone, we have a lot of business setup experience.
We’ve helped entrepreneurs from all over the world establish their companies here and have a wide range of expertise in all things related to business setup.
This guide is meant to give you a general overview of the professional services that we offer. So here are a few of our most popular services.
We’ve already talked about all the different business types which are available in Dubai. We can help you to set up businesses here seamlessly, and we have a wide range of experience with all types of businesses.
We can help you to choose the right business structure for your company and assist with the licensing process. We’ll also help you to open a bank account and get started in Dubai’s thriving business community.
Business support services can include anything from bookkeeping and accounting to HR and marketing. We can provide you with a wide range of services to help your business run smoothly and efficiently.
We have a team of experienced professionals who can take care of all your needs, so you can focus on what you do best – running your business.
Citizenship and Residency
We have partnered with Next Generation Equity. They are a specialist in citizenship and residency services, and they can help you to get the most out of your stay in Dubai. Next Generation Equity can assist with applications for residency and citizenship in several countries, including the UAE, Malta, Cyprus, and Portugal.
Living in Dubai
Wondering what it’s like to live in Dubai as a foreigner? Next Generation Equity can help you to find the perfect property and provide all the necessary support for a smooth transition into your new home.
They offer a wide range of services, from finding the right property to furnishing it and getting your utilities set up.
They can also help you to find a school for your children and set up your banking and other essential services. We’re proud to be their partner.
There are currently over 26 different free zones in Dubai, each with its own unique set of benefits.
Here are a few of them. The right one for you will depend on your Dubai business structure and what you offer.
Dubai Silicon Oasis
This free zone is for technology companies and offers 100% exemption from corporate tax for the first five years, 50% exemption for the next five years, and no import duties on capital goods and raw materials.
This free zone is for luxury brands and offers 100% exemption from corporate tax for the first three years, 50% exemption for the next two years, and no import duties on capital goods and raw materials.
Dubai Airport Free Zone
This free zone is for logistics companies and offers 100% exemption from corporate tax for the first five years, 50% exemption for the next five years, and no import duties on capital goods and raw materials.
Dubai Multi Commodities Centre (DMCC)
This free zone is for commodities traders and offers 100% exemption from corporate tax, no import duties on capital goods and raw materials, and a 50% exemption from personal income tax.
Final Thoughts on Professional Services in Dubai
If you’re looking for a company for pro services in Dubai that ticks all of these boxes, then we’d be happy to help. We have years of experience setting up businesses in Dubai and can offer a tailored service that meets your needs.
We have lots of references and reviews on our Facebook page for you to take a look at.
Get in touch today to learn more about our business setup experience or take a look at our references and reviews page to see what some of our past clients have had to say. We’re sure you won’t be disappointed!