Company Setup in UAE
About Company Setup
Company formation or registering a business in United Arab Emirates is a dream come true for any young entrepreneur or international business investors. UAE is a standout among the developed nations and Dubai is the most famous among all the other emirates. In the previous couple of years and the rising expo 2020 has gained persistent ground on the business improvement and pulls in global investors too. Free zones in UAE are designed to promote international business and it is the best time for the new business owners to establish their business sectors as there are many advantages. The rising business improvement have now reported 100 percent ownership by 2019 by authoring FDI laws that can upgrade gigantic development on numerous business on the particular areas. They totally have around fifty free zone areas to establish and promote new business. The FDI laws are designed in such a way to boost the capital inflows to rise up to 20 % by 2019 which is a very good initiative by the government. Through this the investors can enjoy complete ownership on their business. Long term visa for business establishments, residence visa for ten years and an added opportunity to invest on different business sectors.
Company setup consultants plays a vital role to help registering the new business. They make it very simple and follows few steps. They provide free consultation for business owners to register their business and run through the investors on all the current terms and advises about the documents required to be submitted inorder to establish their business. Onshore, offshore and freezones are the options available to bring the business to existence on full ownership. Bank account creation and the visa processing is followed to establish the business. UAE drives towards the most advanced technology of artificial intelligence and renewable energy resource in their healthcare industry. Though the company formation is very simple however the documents to be submitted varied based on business. Company setup consultants conveys all the exact information and documents requirement to the investors and makes their life simple. To even establish a branch company several document procedures are completely advised by the company formation consultants. Attested and notarized documents are also taken care by them. This saves a lot of time.
How can I register a company in Dubai, UAE?
Following are the 5 major steps to register a company
1. Decide on the local partner.
2. Obtain the approval from Department of Economic Development based on the business activity.
3. Look out for the business premise or office location.
4. Get the legal documents like MOA, license application and tenancy contract ready.
5. Finally submit the legal documents with the fee to DED and apply for company license.
How to apply for NOC to start a small business in UAE?
Listed are the 5 NOC free zones to start a small business in UAE They are Umm-Al-Quwain Free Trade Zone, Sharjah Media City Free Zone, Fujairah Free Zone Authority, Ajman Free Zone and Creative City Fujairah. this enables a working professional or an employee to start his own business. In such case the employee has to first apply for NOC for which a request is initiated through the Dubai Trade portal. Submit the necessary documents like passport copy of the business partners, company name, AOA, MOA and letter signed by the UAE National Partner.
How much does it cost to register a company in UAE, Middle East?
There are three different types of company that you can register. They are the LLC company formation, Free zone business setup and offshore company formation in UAE. The cost of every type of company differs based on the initial approval from Tasheel, license fee and sponsorship fee. LLC company formation in Dubai main land costs starts from AED 20,000, free zone business setup cost starts from AED 17,500 and the offshore company costs around AED 11,000.
Can I start my own company without registering?
A company or a business started without registering is referred to as sole proprietorship business. Unregistered company can be started with sole or individual management which also requires to file state taxes. It is legal to run an unregistered business by filing all the license documents and tax requirements.
what are the benefits of registering during company setup?
1. Limited Liability Company limits the liability of the business partners and the number of shares in the business.
2. Lesser tax rates.
3. Higher Goodwill.