Doing Business in Dubai

Dubai is a very friendly country for its guests. It is great for tourists as many people can go for a walk. The business is the same in Dubai too. Starting a business in Dubai can be very beneficial. It has an excellent position on the four islands of Asia, Europe and Africa and has the charm of working in this country without the talents and taxes of its employees. This article gives a brief overview of what to consider when starting a business in the United Arab Emirates.

Which company should you operate in Dubai?

Dubai has two main types of business where foreign investors and entrepreneurs can be established. LLC or free zone.

Limited Liability Company (LLC)

For small businesses, an LLC (also known as a primary domain company) is the most common and simplest option. LLC owns only 49% of the business. The remaining 51% are held by Emirate National or exclusively by Emirati citizens. And yes, to prove their heritage, Emirates partners must actually present their family books.

Through the LLC, foreign investors can obtain a visa for the UAE, the family and a certain number of employees.

In the United Arab Emirates, there are numerous consultations on business scenarios that support the development of the Arab paper business and commodity trading. This torture is often the best way to connect with an amateur sponsor. Most of them will present a list of emirates already working with them. In most cases you will need to pay an annual sponsor fee for a friendly partner. These costs vary depending on the sponsor, so relax and find out where to find the right fare. In general, your spouse does not ask for the percentage of your company's profits and cannot be included in your business decisions. If you exchange your sponsorship costs this year, you are 100% profitable and a quiet partner.

Other requirements for setting up LLC:

You also need to have a real office to build an LLC. Please note that as part of the government licensing fee you have to pay 5% of the market price of the area, which is a factor in choosing the area. Office requirements can even be used if you want to work at home. In this case, the torturer can help you find the rental office properly to meet your licensing requirements.

It's a good idea to think about the name of LLC. There are some rules to follow. Naam cannot refer to God / Allah, cannot be pornographic and cannot contain any of the current brand names. The name must also show the business activities of the company. Therefore, you cannot choose a common name. For example, if you start a contractor, you must provide a name in the contractor's "XYZ" form. Trade names such as "Emirates", "Gulf", "East", "West" or "International" will incur additional royalties that must be paid.

What are the capital requirement of LLC formation?

There is no minimum funding requirement to start an LLC. However, there are costs associated with setting up the LLC. This number may vary depending on several factors, such as: Your name, rental of office space, etc., if you are acting for business advice and any activity for which you have a license, whatever your compromise with your local sponsor. Setting up an LLC to run a regular business, for example, would cost AED 30,000, but could account for half of all other business activities. Usually LLC takes 4-6 weeks.