Business Setup And Company Formation

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TABLE OF CONTENTS

How to Establish a Prestigious and Professional Business Setup in Dubai 3

Why You Need Expert Help in Your Dubai Company Formation Process 4

Company Formation in UAE Partnership Considerations for Your Business 5

Company Formation Qatar Expert Advice for Foreign Business Owners 6

Company Formation Abu Dhabi Business Considerations for Budding Entrepreneurs 8

How to Establish a Prestigious and Professional Business Setup in Dubai

Theres so much more to Dubai than its wealth of oil, also known as black gold, that valuable commodity that transformed what was once a sleepy fishing village into one of the worlds richest economies. What makes Dubai a major global hub more than its other oil-producing neighbours is, that it offers a mix of cosmopolitan living, exotic culture, strategic location, and a diverse multi-national population. This environment provides an exciting, enticing landscape for businesses to grow and thrive. Thus, a lot of foreign corporations continue to choose United Arab Emirates second largest city as the centre for their next important investment. The pro-business climate and free enterprise system make Dubai an attractive option for overseas investors. Its open market policy does not impose any quotas, trade barriers, or exchange controls. Generous incentives for the international business owner, such as personal tax exemption, no corporate taxation for at least 15 years, 100% foreign ownership and liberal investment options, are offered in its free trade zones. However, while these characteristics are all geared to make life easier for business expats, there are still a lot of key points to consider in order to establish a successful business setup in Dubai. One of the most urgent matters to settle is the incoming companys physical location within the city. Any investor would want to have a prestigious address thats right at the heart of all business and financial action, and manage operations inside state-of-the-art corporate headquarters. Being one of the most prosperous regions, Dubai consequently offers one of the most expensive real estate rates, which may be a pressing factor for companies that are just establishing their base. In this case, an effective solution would be to get the services of company formation specialists who will provide office space solutions that match business requirements such as ideal location, complete facilities and excellent staff, and security support, all within a reasonable budget. An ideal office would be within walking distance of important network hubs in the city, such as the Dubai World Trade Centre, Dubai International Financial Centre, and the Dubai Exhibition Centre. Likewise, it should be conveniently accessible to major routes such as airports, leisure and recreation venues, and commercial establishments. A perfect example is the esteemed Fairmont Hotel, as it is conveniently located along vibrant Sheikh Zayed Road.

To keep up with the busy, eventful Dubai business climate, the perfect office should be equipped with full-serviced conference rooms, hot desks, and communications facilities. Needless to say, 24-hour Internet access with IT support and dedicated phone lines with receptionists are must-haves. Hiring a full-time communication, security and office staff, as well as subscribing to phone and Internet lines can be costly and complicated. With a business formation consultant, all the essentials for a business setup in Dubai, and more, can be provided all at once to get a newly-established office up and running in no time.

Why You Need Expert Help in Your Dubai Company Formation Process

You might be dazzled by the lavish luxury of the Burj AlArab Hotel and the vibrancy of its rich culture, but beyond all these beautiful sights is the clear fact: Dubai means business. With its liberal business policies, open trade market, and generous incentives for business investors, Dubai has become no doubt one of the worlds busiest and wealthiest financial centres. Its highly developed urban plan isnt there just for aesthetics; its designed to provide state-of-the-art infrastructure to serve global businesses. The liberal economic policies are more than just a friendly welcome, but a strategic approach to attract more overseas capital and foreign investors. If youre looking into building business in Dubai, company formation specialists can be your strong ally towards business success. A reputable and committed company formation team can help you with all the key aspects of growing your enterprise in Dubai. With insight and expertise, they can guide and support you in every step of the way, from your business application process to setting up office to improving your already up-and-running operations, such as providing ISO training and certification for the staff. The best team would be one that will provide valuable solutions that are tailor-fit to your requirements, whether youre initiating a new business, branching out into a regional office, forming a representative office, or planning to offer your individual professional services. One of the most critical areas to attend to is completing the necessary paperwork for legally establishing your commercial base in Dubai. Company formation specialists can take care of your documentation needs, freeing you from the bureaucratic complexities and timeconsuming procedures in applying for, clearing and submitting immigration, economic and
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municipality forms such as permits, licenses, and visas. They can advise you on procedural legalities based on your specific business plan, such as whether youll be required to get a trade license should you need to outsource or sponsor your staff, or how to get your company labour and immigration card. With this type of specialised assistance, youll ensure that your endeavour will miss no legal loopholes, and you can then focus on your strengthening your business operations. Another highly significant matter regarding doing business in Dubai, or in the United Arab Emirates for that matter, is understanding the existing laws on foreign investing and business ownership. While Dubai, especially its Free Trade Zones, demands very minimal requirements from international business entities, you still need to adhere to local regulations to ensure a smooth transition. Would you need to enter into a local partnership? Company formation specialists can offer you a transparent and straightforward nominee partner services. Do you think you might need an Unincorporated Association Agreement? The team can help you form a joint participation with their corporation as your locally registered partner so that you can test your fledging enterprise before going fully operational. With the help of professional corporate solutions experts, your Dubai company formation process can be more stress-free, cost-effective, and primarily geared on reaching your business vision.

Company Formation in UAE: Partnership Considerations for Your Business

Starting a company is no easy task, especially with the many requirements and registration steps you have to fulfil. Its even more complex if you are planning on running a business as a foreigner in a different country, such as the United Arab Emirates, and you need to do a lot of research beforehand to make sure youve got everything covered. Company formation in UAE, however, is thankfully not very complicated; corporate law in this country is actually similar to that in western countries, particularly when it comes to the organisational structure your company will have. There are different structures that you can choose, and some of the most popular types are the limited liability company, branch or representative office of a foreign company, or a joint stock company. It is important to note, however, that whatever structure you choose, company formation in UAE requires that you have a local partner who holds a majority stake, or at least
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51% of the business, for you to legally start operations in this country. This local partner should either be a UAE national or a company wholly owned by one. Of course, it is possible to set up a company with you as the sole owner, but this can only be done in the free trade zones within the country. A partnership in the UAE is advantageous in that it is very easy to establish, especially since there are many businesses in this country that offer company formation services, one of which is providing a hassle-free nominee partner so you can easily setup your company. While it is true that your local partner owns majority of the company and is technically a director on your companys board, this doesnt mean that you cannot have management control over your business. In the UAE, you can choose whether your local partner will play an active role in the business (of course, for a certain fee or percentage of the profits) or if they will instead be a silent partner, or a partner whose presence is solely for fulfilment of the legal requirements to run a business in this country. Of course, while a silent partner does not interfere with your operations, he still holds majority interest in your company and will be entitled to a regular partnership fee. Company formation in UAE is somewhat different from those of other countries because of the requirement for a local partner. Do you want a UAE national or a local company to assist you in running your business? Or do you want to do it on your own, with your partner merely present for legal reasons? Think about what kind of work relationship you want before you settle on an agreement with a local partner.

Company Formation: Qatar Expert Advice for Foreign Business Owners

Qatar, one of the sovereign Arab states located in Western Asia, is one of the most progressive countries in the Arab region, offering both locals and foreigners a rich environment for business. This countrys strong economy is one of the many reasons traveller businessmen flock to this area, and since corporate laws in this region are similar to those of western countries, most foreigners dont have much trouble with company formation. Qatar business culture and
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corporate laws, however, do have some major differences from what a foreigner might be used to at home. There are two ways a foreign national may set up business in this region, and one is by doing it independently in a designated free zone, or by entering a local partnership outside these zones. Setting up a business in a free zone will relieve you of restrictions and other expenses that apply to companies outside of it. One benefit of this set up is having sole ownership, and another is having management control over your company. However, businesses in the free zone may have to pay higher leasing rates and other such related costs. If you prefer a location outside of the free zones, you will need the assistance of local specialists in company formation. Qatar corporate law may have some peculiarities that a foreigner may not be familiar with, and one of the most important points that you have to consider is the requirement for foreign business owners to have a local partner. Such a partner should be a Qatar national, or in the case of partner companies, one that is wholly owned by a Qatar national. A non-Qatari business owner should also be aware that the local partner has to own at least 51% of the company and will thus have controlling power. This partner is also not required to participate financially in any way. Thus, he has no obligations to contribute to the investment capital. In addition, a local partner also has the power to terminate the business without consulting his foreign partner. This, however, does not mean that a foreign businessman is at the mercy of his Qatari partner; you can still have an agreement with your partner that lets you control your company and maximise your profits. To protect your investment and have a successful business, it would be a good idea to enlist the help of consultants specialising in company formation. Qatar is indeed a good place to start a business, and with the aid of a local lawyer or a reliable consultant, you can easily navigate the ins and outs of business in this country.

Company Formation: Abu Dhabi Business Considerations for Budding Entrepreneurs

Creating a company in a foreign country entails doing a lot of research beforehand. Some laws may be different, and there may be requirements that are unique to that place only. For budding business owners in the United Arab Emirates, particularly in Abu Dhabi, you have to look into several things like relevant laws and the correct procedure for setting up a business before you finally commit to company formation. Abu Dhabi, thankfully, has corporate laws similar to that of western countries. There are also a large number of companies who are willing to assist foreigners who wish to start a business in this region. One of the most important things a prospective entrepreneur in Abu Dhabi should know is that corporate law in this placeor in any of the regions within the UAE, for that matterrequires a local partner for foreigners who wish to start a business here. Finding such a partner in this region is actually not very difficult, especially since there are many business entities who offer themselves as nominee partners to help foreigners with company formation. Abu Dhabi corporate law, however, dictates that this local partner should be a UAE national, or if it is a company, it should be one that is 100% owned by a UAE national. Moreover, this local partner should also own majority interest, or no less than 51% of your business, and they are not required to put in any capital at all. Having a local partner who has majority stake, however, does not mean that you will not have management control over your company. You can choose a local partner who will actively participate in the operations of your business, or one who will act as a silent partner. This latter type of partnership lets you have complete control over your business; your partner is only present to fulfil the countrys legal requirements for business. Another important step that foreigners should accomplish when setting up a business in Abu Dhabi is showing that you have enough resources. This can be easily done by depositing a certain amount ($10,000-$50,000) into a bank in the area and then showing the proof of deposit as a guarantee against liabilities. This money can be withdrawn right after you have been issued an approval.

Of course, before you decide to do any of these, you have to look into the local culture. Do research on the conditions of the market in this area, and try to figure out whether you actually have a viable business plan. For more in-depth assistance, you can enlist the services of consultants who specialise in company formation. Abu Dhabi offers rich opportunities for business, and if you do your research well, your company may succeed in this place.