UAE is a world-renowned business destination, merged with
culture, society and breathtaking infrastructure. It has become one of the top
locations to invest and start a company. Through liberal govt. policies and
exceptional facilities, UAE have attracted foreign businesses from all around
the world to benefit from its various tax-free environment to build profits.
However, to establish a fully functional set-up, there are certain steps to
follow first. Many entrepreneurs and SMEs often seek professional help by
hiring expert company formation agencies to do their bidding, which cuts
overheads and other tons of trouble when registering the company. We can divide
these into 4 simple steps.
Investor Visa
To secure a business license, you must first find a local
Emirati (for mainland companies) who will be entitled to 51% shares. For
Freezones you don’t require an approval and can simply apply for residence visa
as an investor. This is the first step towards your life as an expatriate in
UAE.
Type of Business
Now you must determine which type of business you are into.
This will help in finding the right jurisdiction where you can avail exclusive
benefits for your business genre, and maintain your operation easily around the
zone.
Business Vehicle
Choosing the correct business vehicle gives you an ideal
environment to flourish. For instance, if you are into consultancy services
then mainland company setup will be a preferable option, but if you are an
import and export corporation, then Freezones company setup will be
imperative.
Finding a Work Space
A good workspace and the right location can mean a great
difference in operational agility, employee recruitment, accessibility, and
cost. An office space that offers flexible leasing options and is located near
commercial districts of the zone will succeed in the long haul.
