Business set up in Sharjah – Benefits, Strategic Location and Finding a Reliable Consultancy Firm

Sharjah, the location of this city, pocket-friendly real estate pricings, its business-friendly set-up and growing population make it one of the perfect sites for setting up businesses in the United Arab Emirates. Apart from that, there are so many other benefits of Business set up in Sharjah. Going through this post would help you get familiarize with them. Read on!

Prominent benefits of setting up business in Sharjah

·         Amazing tax benefits

·         Strategically located free zones

·         100% ownership

·         Provision of doing multiple businesses

• Permission for opening bank account in Dubai

What is so strategic about the location?

As far as the location of the UAE free zones are concerned, you might have heard about their well-thought and strategic position. These zones are located between and near airport and seaport. This makes logistics simple, easy and convenient. 

However, getting started with the process of Business set up in Sharjah involves a number of formalities. In order to get through them, you would need the assistance of a reliable and well-established consultancy firm or else you have to face delays and other unwanted consequences.

How to find a consultancy firm?

In regard to the increased interest of businessmen from all around the globe in setting up business in Dubai, you are more likely to find a number of firm offering consulting and Accounting Services in Sharjah. However, before selecting a company, do remember to check for the following requirements:

• ISO 9001:2008 Certification
• Association of Chartered Certified Accountants – Approved Employer

These are the benchmarks of high quality services and reliability. 

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3 Things to Consider for Business Setup in Dubai

Dubai is one of the best places in the world to setup a lucrative business. This is simply because this city welcomes overseas investments greatly and their restrictions usually are the most liberal in the world. Here we enlighten you on the important things to know before carrying out business setupin Dubai.

•          Extensive knowledge of the area: As a sole proprietor or business franchise, it is essential to have extensive knowledge regarding the region. Research the concerned business sector, status of locally operating markets and overall scope of establishing the business of your choice in the area. Search for investment opportunities from your resources or a bank.

•          Engage a local partner: Dubai laws require foreign businesses to liaise with local partner who holds 51% company shares. This local partner need not contribute financially to the start-up's investment, but they do have a say in the dealings of the company.

•          Approval from Ministry of Commerce: After your business has been registered, you will need to formally get approved from the Ministry of Commerce by showing that you possess the required sum of money for making investments. The actual amount may vary between states, but it usually is around $10,000. This sum is considered as the guarantee against various liabilities.

It is essential to take into account the aforementioned points while considering business formation in Dubai. If you wish to hold 100% company ownership, you should start the business in UAE free zones. However, keep in mind that rental prices in free zones are higher than those in the city.

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Trademark Registration in Dubai & UAE: Tips & Facts

Trademark registration is an important procedure that should be undergone by every company aspiring for nationally recognized standards. A registered trademark is the pride of the company and speaks of its authenticity. Here we present you with a few tips and facts of trademark registration in UAE.

Trademark registration methods: For national registration, you need to register the trademark in only one country. This can be done by applying at the local office of trademark for national registration. The application procedure of trademark in UAE begins with the conduction of an exam by Trademark authority.

Trademark registration procedure: The application procedure involves a formal exam, which is nothing but an exam of uniqueness or a search of preceding trademarks. The process from the first filing step to registration takes up to 12 months. Before registration however, the application for trademark is usually published in official Government gazette.

Duration: A trademark when registered in UAE holds validity for about ten years. Registration stays renewable only for ten-year tenure.

Requirements for the Registration: The set of documents required for trademark registration process includes a PoA authorized by the candidate, the trademark's soft copy, detailed description of products and services covered by the candidate, address and identity proof of the candidate.

Regarded as a cumbersome and lengthy procedure earlier, registration of trademark has become extremely simple and short now, thanks to the advent of technology. To carry out trademark registration in Dubai, it always helps to avail the services of a third party organization.

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Incentives & Limitations of Business Formation in UAE Free Zones

Free zones or free trading zones are areas designed for promoting better business growth by offering 100% company ownership to the expatriates as well as the convenience of single window administration. UAE free zones are either conjoined to ports or are industry-specific.

More Information then Click Here: https://medium.com/@jitendragroup/incentives-limitations-of-business-formation-in-uae-free-zones-4b7d406c1514

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How Can a Chartered Accountant Uplift Your New Business?

Every business small or big, requires the assistance of a qualified accountant. This is because every business entails tasks that require professionals or experts in economic matters. The main goal of hiring a chartered accountant is to increase profit and lower cost of the company. Below are listed some main benefits of employing a chartered accountant in Dubai.

•          New business setup: An accountant is one who possesses a vast amount of knowledge to keep you updated on the risks involved in manifesting particular business formats. He/she will guide you on whether you should be working in partnership or as a single proprietor.

•          Efficient record keeping: Every business registered for the VAT taxes should keep records of their finances in order to estimate tax payments. An accountant prepares accurate management figures and also points out the plausible implications of expressing certain financial decisions.

•          Better cost control: The accountant works with the company to draw very realistic budgets in order to analyze the company's performance based on the budget. After a thorough estimation they can provide you with tips to control or balance fixed and variable expenses. They also make sure to note that day-to-day business dealings are error-proof and cost-effective.

Other responsibilities of accountants or accounting firms in Dubai include book keeping, auditing, recording financial statements and tax filings. However, the need of chartered accountants or a reliable accounting firm starts to arise even before the setup of a new business. 

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Noticeable Benefits of Business Setup in UAE Free Zones

Setting up a successful Business Setup in Dubai is no less of a hassle, not to mention the costs that arise in checking out locations, investing in infrastructure and handling local bureaucracies. UAE Free Zones are small complexes that are home to numerous companies, thanks to the wealth of business opportunities and perks that they bestow upon investors.

More Information: https://medium.com/@amittech/noticeable-benefits-of-business-setup-in-uae-free-zones-ce616df7c72b#.2phtxre8r

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A Glance at the Trademark Registration in UAE

There are several details that you should take care of before starting up a business in UAE. After deciding on the company name and logo, the next big step is to get the trademark of your company registered with the authorities. Here we attempt to describe in detail the importance and process of registration for a business based in UAE or Dubai. Check these out to get enlightened about the same:

Importance of Trademarks

Trademarks offer premium protection to the logo's owner by ensuring exclusive right of usage and setting the owner's goods or business apart from other similar ones. For new traders, trademarks act as a pivotal marketing tool to proclaim their presence and establish themselves like an authentic company. They are essential assets that have the potential to skyrocket the resale value of a business. Lastly, they ensure correct exposure of the owner's mark to a target group of clients and make a company identifiable by all prospective clients.

Trademark registration in UAE & Dubai

When you carry out registration of your company's trademark registration in UAE, you will be essentially registering in all seven nations of Abu Dhabi, Ajman, Fujairah, Shaejah, U, Al Quwain, Ras Al Khaimah and Dubai.

Business advisors aid you in every step of trademark registration in Dubai. They have the required expertise to execute the registration process right till the end. So, getting in touch with them is a wise way to kickstart your business in UAE without any hassles in the process.

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