Mor Dubai Free Zone if you wish to own your business 100%
- ServicesprovidersinDubai
- Feb 25, 2019
- 2 min read
Select a Free Zone if you wish to own your business 100%
Services providers in Dubai business startup in UAE to start without taking a UAE national acting like your partner is to locate your business in one of the Free Zones. Documents required for business in Dubai must be in city markets like restaurants and retail stores. Also, companies that work with the government have to register with a local sponsor.
Establish company in Dubai purchase or rental in a Free Trade Zone district might be high for your budget to handle.
For a business startup, Free Zones offer three great advantages
100% ownershipSpeedy startupDuty-Free customs boundary.
Legal form Depending on your location and type of business, there are rules regarding the make-up of your firm. Dubai Business setup plans on a legal consultancy firm, this can be done only as a branch of the company or as a stand-alone company. A sole proprietor is not allowed to take up this activity. Each free zone has its restrictions regarding company structure, and you can look these up on the official website of the region.
Trade Name required to Establish a company in Dubai Dubai Business Establishment trade name is an essential part of the legal procedure. The company name should ideally indicate the nature of business unless it is a branch of another company. All the rules regarding trade names can be seen on the DED official website here.
Share capital The minimum share capital is usually set out in the Memorandum of Association of your proposed company. Company setup in Dubai needs to pay minimum money at the time of setting up.
Employees In most legal forms of the DED, you need to hire a manager to oversee operations and have him ready to be on board before your registration is approved. Investment in Business in Dubai may not be allowed to hire at all. For example, Intelaq license holders (license for home-based Emirati business owners) are not entitled to hire staff but can engage contractors. Details can be seen here. For free zones, each zone has its specific regulations regarding the structure of the business.
Local support to Establish a company in Dubai For DED licenses, it is mandatory to have a local agent, partner or sponsor and this is excellent support for foreign nationals. Visas providers in Dubaihaving a local contact can help take the business forward effectively. However, this is not mandatory, and Dubai as a business destination boasts an easy set-up for all businessmen regardless of nationality.
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