Have you been thinking of setting up a business in the UAE? It would be in your best interest to go through the below-mentioned tips to help with your business setup needs.
You might be aware that the UAE has opened its market to foreign investors. It would not be wrong to state that UAE has become the hit spot for foreign ownership in the present times. The businesses there are flourishing by leaps and bounds. Moreover, with the government establishing an entirely different set of rules and regulations for foreign investors, rest assured that the process has become fast-track. Rest assured that setting up a business in the UAE has become relatively easy.
Company registration in the UAE
The initial step would be to find a reliable legal services team in the UAE. If you handle the process independently, you might come across numerous bureaucratic hurdles, time-consuming paperwork, and other legal issues. You could save yourself the time and hassle of registration by hiring an expert business setup team.
When you apply for registration through the Department of Economic Development, you would also be required to seek preliminary approvals from the Licensing Section. You would also require registration of membership from the Dubai Chamber of Commerce and Industry. It would be in your best interest to hire an expert business setup team to meet your specific needs.
Benefits of hiring an expert
Find below a list of benefits of hiring a business setup team.
- Concentrate on your core business to increase productivity and profitability
- Processing and handling all transactions efficiently and without any hassle
- Eliminating management inductive costs along with overheads for the efficient running of the operations
- Generating major savings on unwanted payroll
- Exemption from liabilities of additional employees
A business setup in the UAE could cater to you with good incentives. However, local knowledge would be vital for foreign investors. A highly qualified team would work to ensure that your services and products have been completely legalized.
Business partner in the UAE
Legal requirements could be strict. In case, you set up your business outside the Free Zone, rest assured the law would need you to have a local partner holding a majority of interest in the business. It could be an individual or a company. The local partner would hold 51% of the company.
Business setup service in the UAE
Rest assured that the UAE has become the best place for a flexible business setting up needs. You could set up your business or open an offshore branch in the UAE. The number of expatriate residents has reached the two million mark already. You might have to bear the cost of hiring a legal team, but it would be worth every dime spent.