How to set up company in UAE

 How to set up company in UAE

                         

The United Arab Emirates (UAE) offers a variety of options for setting up a company, including free zones and mainland options.

                                                          

One popular option for setting up a company in the UAE is to establish it within a free zone. Free zones are designated areas within the UAE where foreign investors can set up a company and enjoy certain benefits, such as 100% foreign ownership, tax exemptions, and relaxed regulations. Some examples of free zones in the UAE include Dubai International Financial Centre (DIFC), Abu Dhabi Global Market (ADGM), and Dubai Silicon Oasis Authority (DSOA).


Another option for setting up a company in the UAE is to establish it on the mainland. Setting up a mainland company in the UAE generally requires a local sponsor, who holds a 51% stake in the company. However, the local sponsor's role is largely limited to providing sponsorship and does not involve day-to-day management of the company.


How to set up company in UAE - Steps


It is important to note that the process of setting up a company in the UAE can be complex and time-consuming. It is advisable to seek the assistance of a professional service provider such as a law firm or a business setup consultant to guide you through the process and ensure compliance with the relevant laws and regulations.


In order to set up a company in the UAE, you will need to go through following steps:


  1. Choose a legal form for your company.

  2. Choose a trade name and register it with the relevant authorities.

  3. Obtain the required licences and permits.

  4. Register for VAT (Value added tax).

  5. Register with the Chamber of Commerce and Industry.

  6. Open a corporate bank account.


Each emirate has its own specific regulations, so it is important to research and understand the laws of the emirate you plan to set up your company in.


Read more…. In 2021, Intellectual Property Security in the Middle East 


Rocket Advisory is a company composed of dedicated professionals who strive for excellence in providing consulting and advisory services. The company's success is driven by its focus on client satisfaction and providing tailored solutions to meet their specific needs. They have a strong team of experts and professionals who work together to deliver judicious advice and high-quality services. The company's emphasis on client relationships and understanding their needs helps them to provide innovative solutions that guarantee customer satisfaction.


Read more….  What is IP funding?


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