How to Register your Business in Dubai?

Aswani — Mon, 17 Apr 2017 05:43:31 +0000

Over the years, Dubai has emerged to be one of the most economically prosperous destinations across the globe. This is on account of its business-friendly policies that encourage more and more number of international investors to form their business in Dubai.

Apart from the business-friendly policies, the advanced infrastructure, great connectivity to the rest of the parts of the world, low taxation is a few other factors that prompt the rapid rise in the number of investors interested in Dubai. So, for successful company registration in Dubai, one should follow the following steps.

Choose the type of business

The type of business that can be conducted in Dubai would depend on the type of business structure. For example, an offshore company cannot be formed concerning areas like banking, insurance, etc. So, one would first need to choose the type of business that his company can conduct and come up with a business plan.

Collect and fill all the important forms and application

Once one is done with the choice of business and has come with up the business plan, he then needs to collect and fill all the important forms and applications. When filling these forms and application for company registration in Dubai, one should declare all the facts regarding his business.

Get the applications approved from the concerned ministries

The next step is getting these applications and forms approved by the concerned authorities and ministries. The concerned authorities would vary according to the type of business chosen.

Seek the services of company registration service in Dubai

To ensure that you are successful in business registration in Dubai, one should consider seeking the services of a registration consultant. The consultant ensures that all the formalities regarding the registration are met. In most cases, they can also act as your local agents and put together all the processes. The Company Registration Consultant would also remind you to renew your business license from time to time.

The post How to Register your Business in Dubai? appeared first on Vitta Financial Analysis & Consultancy LLC.

Things to Keep in Mind While Business Registration in Dubai

Aswani — Mon, 26 Sep 2016 11:24:18 +0000

Business expansion is on every entrepreneur’s mind. For this, they aim to establish their business in such regions from where they can reap good benefits and pay minimal taxes. For the new players, being able to establish their business in such regions is like a dream come true.

The Growth of Dubai as a global business hub

Over the years, Dubai has emerged as a global business hub as it has been successful in catching the attention of many investors. Its tax free zones ensure maximum profit retention and its reputation adds another feather to the hat.

Benefits of Registering a Business in Dubai

There are several advantages of business registration in Dubai. Many of these are summed up here:

Dubai has a free enterprise system

It is a diversified market.

High quality office accommodations and top international conference venues.

It allows 100% retention of capitals and profits.

Reliable utilities.

Incredible infrastructure, be it residential or commercial.

No corporation taxes, etc.

Things to keep in mind while registering your business.

Since you would be registering your business in a new market, it is important to keep a few things in mind, which are as follows.

The type of company you are establishing

There are different types of companies which can be established in Dubai. One can set up a Limited Liability Company, Offshore Company, Branch as well as representative offices in Dubai. The rules for setting up each of these company types are different. While Dubai allows 100% ownership to the investor, for establishing an Onshore Company an investor only gets 49% stake in the company. Thus you should be aware of such details about the company structure.

The Area where you are establishing your business

There are several regions in Dubai where one can establish his business. Each of these zones are categorized for each type of business. For example, JAFZA and RAK are the destination for offshore company business registration in Dubai, while a limited liability company can be set up in Dubai, Abu Dhabi, Sharjah areas.

What should be the Company name and business type ?

There are certain restrictions on the type of business the type of company can conduct. Say an offshore company cannot conduct businesses related to banking or insurance. Additionally, it is compulsory that the company name should end with LTD, Ltd., or LIMITED.

Why prefer business registration services ?

Since one would be setting up his business in a new market, in a different country, it is possible that he might not be aware of each and every legal or business specific requirement. Even the simplest mistake can lead to the rejection of his company.

Therefore, to make sure that you are advancing in the right direction and keeping up with all the laws which governs the Dubai business registration, it is imperative that you have a professional consultancy service on board. Consultancies provide you with efficient business registration service to ensure that your business incorporation is seamless and fast. They can also act as your local agents in case your company needs someone to fill in.

The post Things to Keep in Mind While Business Registration in Dubai appeared first on Vitta Financial Analysis & Consultancy LLC.

business registration in dubai – Vitta Financial Analysis & Consultancy LLC