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Company setup in Dubai

#1 Oct 23 2017 10:55am

Company setup in Dubai

Right start is essential for a Perfect Business”

UAE provides a reputable and international Platform for all kind of businesses. Setting up in the UAE is an excellent choice because of the regulatory regime and the geographical time belt.

Dubai has created a business environment that is well regulated without being unduly restrictive and offers operating conditions that are amongst the most liberal and attractive in the region.

The UAE economy is divided between the onshore sector, dominated by local business interests, with restrictions on foreign ownership, and the offshore sector that consists of several Free zones.

Company formation in UAE comes with several rules and regulations.

Companies registered in the UAE Mainland require a Local Sponsor (Individual/Corporate) be Mandatory Appointed.

There has been a perplexity regarding the provisions used in connection with the Local Sponsor (Emirati), a compulsory limitations when establishing a business outside the free zones in the United Arab Emirates (Main Land). Generally common people mix two terminologies into one “sponsor” without a proper difference, which creates the impression that there is always an Emirati in full control of the business.

The word “Sponsor” is neither a profession title or position nor a job description of the involved Emirati. However, it can be considered a status that a Local Partner or Local Service Agent gains after establishing a company or after being appointed as a Service Agent for a certain entity. Whether a Local Partner or a Local Service Agent is required depends on the kind of activity and the company structure that the entity will have.

In Dubai, trading and industrial activities require a Local Partner (who holds 51% of the company shares) and are usually structured as a Limited Liability Company (LLC). However, a professional license can be a Sole establishment, civil company or LLC company too.

Professional companies may be 100% foreign owned. However, it is necessary to appoint a local Emirati Service Agent from the same Emirate. According to Dubai rules on licensing professionals in order to establish a business which practices services or professional activities, the business will be formed as a “Sole Establishment or Civil Company”. Most of the services related to professional activities require a professional license.

A Local Service Agent has to be appointed while 100% of the company shares can be owned by foreigners. The Local Service Agent will deal with the government officials and Ministries on behalf of the company and facilitates the renewal process.

Local service agent and local partner from the UAE are reliable and honest. And they can be bound in side agreement and separate POA can be taken by them. With a Local Partner, it is common to arrange side agreements that redefine the conditions between the parties in favor of the actual owners/managers of the company.

Right start is essential for a Perfect Business” UAE provides a reputable and international Platform for all kind of businesses. Setting up in the UAE is an excellent choice because of the regulatory regime and the geographical time belt. Dubai has created a business environment that is well regulated without being unduly restrictive and offers operating conditions that are amongst the most liberal and attractive in the region. The UAE economy is divided between the onshore sector, dominated by local business interests, with restrictions on foreign ownership, and the offshore sector that consists of several Free zones. Company formation in UAE comes with several rules and regulations. Companies registered in the UAE Mainland require a Local Sponsor (Individual/Corporate) be Mandatory Appointed. There has been a perplexity regarding the provisions used in connection with the Local Sponsor (Emirati), a compulsory limitations when establishing a business outside the free zones in the United Arab Emirates (Main Land). Generally common people mix two terminologies into one “sponsor” without a proper difference, which creates the impression that there is always an Emirati in full control of the business. The word “Sponsor” is neither a profession title or position nor a job description of the involved Emirati. However, it can be considered a status that a Local Partner or Local Service Agent gains after establishing a company or after being appointed as a Service Agent for a certain entity. Whether a Local Partner or a Local Service Agent is required depends on the kind of activity and the company structure that the entity will have. In Dubai, trading and industrial activities require a Local Partner (who holds 51% of the company shares) and are usually structured as a Limited Liability Company (LLC). However, a professional license can be a Sole establishment, civil company or LLC company too. Professional companies may be 100% foreign owned. However, it is necessary to appoint a local Emirati Service Agent from the same Emirate. According to Dubai rules on licensing professionals in order to establish a business which practices services or professional activities, the business will be formed as a “Sole Establishment or Civil Company”. Most of the services related to professional activities require a professional license. A Local Service Agent has to be appointed while 100% of the company shares can be owned by foreigners. The Local Service Agent will deal with the government officials and Ministries on behalf of the company and facilitates the renewal process. Local service agent and local partner from the UAE are reliable and honest. And they can be bound in side agreement and separate POA can be taken by them. With a Local Partner, it is common to arrange side agreements that redefine the conditions between the parties in favor of the actual owners/managers of the company.
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#2 Oct 31 2017 3:16pm

Re: Company setup in Dubai

Hello partners am Mr Aladji Hassan a business consultant of (PACIFIC OIL COMPANY LTD)i have private Investor in search for possible investment opportunities they are willing to invest in any part of the wold being in Africa,Europe and in Asia countries since there is evidence of a prominent economic and only direct business owners should contact me no brokers or wasting of time just contact me on (aladji.hassan2@gmail.com) for more details

Hello partners am Mr Aladji Hassan a business consultant of (PACIFIC OIL COMPANY LTD)i have private Investor in search for possible investment opportunities they are willing to invest in any part of the wold being in Africa,Europe and in Asia countries since there is evidence of a prominent economic and only direct business owners should contact me no brokers or wasting of time just contact me on (aladji.hassan2@gmail.com) for more details
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#3 Nov 9 2017 12:08pm

Re: Company setup in Dubai

Legal Maxims Consultancy is one of the leading firms in UAE rendering services in; Corporate Legal Services, Drafting of Wills, Contracts, Deeds, Agreements, Notices & Reply Notices, Business Set-up services (Main Land , Free Zone and Offshore Companies), Company Formation / Liquidation Services, Trademark, Copyright, Registration and its Protection ( Intellectual Property Services), Auditing & Accounting / Quality Management & Standardization (ISO), All kind of Approvals and Licensing process, HR Consultancy Services, PRO Services and Business Advisory Services.

We have specialized team for your company setup process, Offshore, Visa Process, Liquidation. We can setup your company in U.A.E. as well as globally.

Thanks.

Legal Maxims Consultancy is one of the leading firms in UAE rendering services in; Corporate Legal Services, Drafting of Wills, Contracts, Deeds, Agreements, Notices & Reply Notices, Business Set-up services (Main Land , Free Zone and Offshore Companies), Company Formation / Liquidation Services, Trademark, Copyright, Registration and its Protection ( Intellectual Property Services), Auditing & Accounting / Quality Management & Standardization (ISO), All kind of Approvals and Licensing process, HR Consultancy Services, PRO Services and Business Advisory Services. We have specialized team for your company setup process, Offshore, Visa Process, Liquidation. We can setup your company in U.A.E. as well as globally. Thanks.
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#4 Apr 27 2019 11:05am

Re: Company setup in Dubai

Aurion Business Consultants is a professional service provider for the incorporation of 100% expatriate owned Freezone Companies in UAE, Main Land Companies and Offshore Companies in jurisdictions like the British Virgin Islands, Cayman Islands, JAFZA Dubai, RAKICC Offshore and UAE Ajman Offshore.

Aurion also provides Assistance in Bank Account opening with leading banks of UAE, Business loan arrangements, Accounting Assistance, Visa and PRO services, Chamber of Commerce registration, Logo Creation & Website, ISO 9001:2015 Consulting and Certification Assistance and a host of other services. Renowned in their field for a decade, AURION is one of the pioneers in company incorporation and related activities in UAE.

Being approved REGISTERED AGENT of several leading Freezones in UAE and having incorporated more than 1200 companies in UAE Freezones and Offshores, AURION clearly stands ahead in terms of professional expertise and timely delivery of services.

Should you wish to know more about new business set up in the UAE, or any company incorporation requirements feel free to reach out to us: info@aurionuae.com | +97142504150 | www.aurionuae.com

Aurion Business Consultants is a professional service provider for the incorporation of 100% expatriate owned Freezone Companies in UAE, Main Land Companies and Offshore Companies in jurisdictions like the British Virgin Islands, Cayman Islands, JAFZA Dubai, RAKICC Offshore and UAE Ajman Offshore. Aurion also provides Assistance in Bank Account opening with leading banks of UAE, Business loan arrangements, Accounting Assistance, Visa and PRO services, Chamber of Commerce registration, Logo Creation & Website, ISO 9001:2015 Consulting and Certification Assistance and a host of other services. Renowned in their field for a decade, AURION is one of the pioneers in company incorporation and related activities in UAE. Being approved REGISTERED AGENT of several leading Freezones in UAE and having incorporated more than 1200 companies in UAE Freezones and Offshores, AURION clearly stands ahead in terms of professional expertise and timely delivery of services. Should you wish to know more about new business set up in the UAE, or any company incorporation requirements feel free to reach out to us: info@aurionuae.com | +97142504150 | www.aurionuae.com
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#5 Dec 18 2021 11:48am

Re: Company setup in Dubai

Peergrowth is a recruitment agency working with many organizations across the world to satisfy their employment needs. The company provides executive search services to many clients by providing greater values makes Peergowth stand out from their competitors and list as the number one company in the list of executive search firms in Dubai. They provide Board and CEO /CXO level searches by collaborating with the best ones and understanding their needs. So, they can provide the best ones to their clients. They also help employees by providing research-based learning resources to meet the current industry trends to increase productivity and efficiency in the organizations makes Peergowth the best recruitment agency in UAE.

Peergrowth is a recruitment agency working with many organizations across the world to satisfy their employment needs. The company provides executive search services to many clients by providing greater values makes Peergowth stand out from their competitors and list as the number one company in the list of executive search firms in Dubai. They provide Board and CEO /CXO level searches by collaborating with the best ones and understanding their needs. So, they can provide the best ones to their clients. They also help employees by providing research-based learning resources to meet the current industry trends to increase productivity and efficiency in the organizations makes Peergowth the best recruitment agency in UAE.
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