Dubai Business setup
Dubai is a
well-respected pathway to the East, and since it became a financial hub,
companies that engage in all types of business activities are now looking to
establish a presence here. Setting up a Local Company is an excellent way to
enable you to have a presence in Dubai as well as operate within the local
jurisdiction.
The important issues
to consider when establishing local companies include the availability of
excellent ties with local partners. UAE law dictates that 51% of the
shareholding of a local company must be held by a UAE national. You should look
to secure local partners who are able to give you the comfort and security to
run your business in the UAE market with confidence. Another important legal
consideration revolved around the agreements which you will form with your
local partner. It is also important the activities are legal and regulated.
Here, it is important to note that Limited Liability Companies (LLC) are
relatively flexible in that they enable any legal business to be carried out in
the Local Market , other than insurance, banking, or investment businesses.
You have various
options when it comes to incorporation of a local company, and the seven
categories of business organization defined by the Law are: General Partnership
Company, Simple Limited Partnership, Private Joint Stock Company, Limited
Liability Company and Partnership Limited with Shares. The most common business
structure chosen is the LLC, which is characterized by limited liability. Each
of the partners shall only be liable to the extent of his or her share in the
capital.
our Consultants
are experts in establishing the necessary local partnerships when it comes to
launching a company in the environment outside of a freezone. The Asot
business Consultation Division is committed to
delivering excellent service to its clients and their businesses and is fully
equipped with qualified staff to handle Local Company registrations. The team
consists of bilingual Lawyers, International Legal Consultants and MBAs to
ensure that we always take a commercial approach to solving your business
problems.
For further information on
how we can help, please do not hesitate to contact us at +971 58827842 or
visit the website . Book a business consultation
today to see how a local company can benefit you and your businesshttps://mszconsultancy.com/
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