How to choose a company formation agent in Dubai

Whether you are a an experienced local firm looking to expand business horizons or a new firm looking for company formation in Dubai, having the right business formation agent in Dubai will make all the difference. 

The process of Business Formation in Dubai is not very complex or long winding as in other countries. There are a lot of options provided and the government gives a lot of amenities and tax advantages.   

Read More: https://medium.com/@amittech/how-to-choose-a-company-formation-agent-in-dubai-61b3a7875834#.7lxszek78

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Company formation in Dubai

Minimal tax rates and highly developed infrastructure facilities make UAE, especially Dubai, a very attractive company incorporation destination. Although the tax regime is easy, company incorporation is not an easy task. The compliance are not easy to obtain and generally involve complex procedures. Fret not; this blog post will give you a clear heading towards business setup in Dubai, simple steps.

Step 1:  Decide on the type of business and activities:  before company formation in Dubai, identify the business activity implies to 1) commercial 2) professional or industrial. Depending on target markets decide on the type of entity free zone company, LLC a branch office or a sole proprietorship.

Step: 2 open a bank account to prove solvency and for financial transactions. Initial capital may vary between $13,000 to $300,000. It can be immediately withdrawn.

Step 3: submit a registering application with the respective authority, for business setup in Dubai it is the Department of Economic Development (DED).

Step 4: get the MOA notarized: hire a lawyer to explain clauses and complete the documentation.

Step 5 Obtain trade license and commercial registration certificate from Dubai Chamber of Commerce and Industry by submitting the following company documents:

The notarized Memorandum of Association (from step 3);

·         company name approval issued by DED(from step 2);

·         signed legal contract between investor and UAE National who is the legal        representative         of the company;

·         original company approval from DED;

·         Due diligence of each partner.

Step 6: obtain an office space in ftz virtual office will be good enough but in Dubai a physical office is required in the name of company.

Step 7: if you want to employ other people in your company you need to get them work visas and an establishment card for company.

Step 8: Register the employees with the Ministry of Labour and Social Affairs. For this the                           requirements are as follows:

·         employment contract in triplicate;

·         trade license copy;

·         employer's passport copy;

·         UAE residence visa

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Company Formation in Dubai-assessing the ambit

Dubai, as we all know, is a hot bed of commercial activities. The economic edifice and capacity for trade and commerce attracts corporate from all over the globe. For those who are aspirants in this context and would want to know about Company Formation in Dubai, the first prudent step is to contact a reputed company formation specialist for a free consultation. Jurisdiction and services play a vital role here. The easy steps include selecting your company type, acquiring a license notification, opening a bank account fast followed by visa processing and eventual stamping. 

Read More: https://www.academia.edu/19765858/Company_Formation_in_Dubai-assessing_the_ambit

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Doing Business in UAE Free Zone?

The first free zone opened its gates in Dubai back in 1980. The Jebel Ali free zone, in fact, paved the way for these tailor-made business areas throughout the UAE. The Dubai free zone model later adapted to incorporate cluster economy ethics, allowing free zones such as Dubai Media City, Dubai Internet City, Dubai International Financial Centre, Dubai Knowledge Village and Dubai Healthcare City to become well-established players in the economy.

More freezones soon sprung up around the Emirate, including the Gold and Diamond Park, Dubai Multi-commodities Centre, and the Dubai Airport Free zone.

Freezones have been designed to attract companies and play an important role in both engaging and retaining their business.

Jitendra Consultancy Group Provide best services in business formation in UAE. What, then, are the benefits to setting up in a free zone? Jitendra Gianchandani, managing partner, Jitendra Consulting Group, says there are many benefits.

Read More: https://www.academia.edu/19765333/Doing_Business_in_UAE_Free_Zone

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