Wednesday 14 March 2018

Requirements for Starting a Dubai Based Company

Dubai is truly one of the most sustainable cities in the world. Located in an oil-rich economy, the metropolis is home of UAE’s business core with more than half of the world’s conglomerates operating from its zones. With internationally recognized business structures, pro investment policies, world class infrastructure and abundance of company setup consultants, Dubai is every entrepreneur’s dream place for company setup in UAE. With the recent introduction of VAT and World Expo 2020 just around the corner, the transparency laws have significantly improved, attracting international companies to establish their offices and leverage from UAE’s economic boost.
Although opening a business into Dubai seems almost too easy, there are certain requirements every investor must see to before venturing in. 
Business Activity
Selecting a business activity is the first step of the process. Without separating your business objective, the investor cannot incorporate into a suitable company structure.
Visa
Once the activity has been cleared, the applicant must deposit an amount of AED 10,000 against a minimum investment of AED 70,000. After the documentation is processed and the visa is approved, the investor will gain a 3-year visa to start his/her company
Legal Form
Choosing the right legal form is imperative for the investor. A business that practices in the trade sector will have to go for free zonecompany formation in Dubai’s Jebel Ali, DMCC, or Dubai South. If your activity belongs to the services sector, then mainland company setup will be suitable. Dubai offers diverse legal structures such as Civil Company, Sole Proprietorship, Limited Liability Company (LLC), Public Shareholding Companies, Private Shareholding Companies or Branch Office.
Office Space
Thanks to the internet, getting office space in Dubai is no longer what a problem it used to be. You can easily search on the internet to find a suitable work space to rent with you specific requirements, or hire a professional consultancy company to seek an affordable space with flexible leasing plans.

2 comments:

  1. Great share, you provided the full data about company formation in Dubai, UAE. This blog helps us to know more about it.
    company formation in Dubai

    ReplyDelete
  2. Thank you so much giving your time for this wonderful article. Keep it up. Company formation in Dubai

    ReplyDelete

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