Role of Business Setup Consultants in the formation of a Limited Liability Company in Dubai

Aswani — Tue, 11 Apr 2017 05:27:22 +0000

An entrepreneur is always in search of tax haven that would allow him to incur maximum profit by conducting the business. Among many global destinations, Dubai is one of the most popular countries that are known for their low taxation policies. There are numerous types of business formation in Dubai that include LLC, Offshore Company, Free Trade Zone Company.

Why Form a Limited Liability Company?

Apart from all the other forms of business setup, one should prefer forming a limited liability Company. The benefits of LLC company formation UAE are mentioned below:

100% repatriation of profits and capital with the organization.

Ability to open and maintain liberal bank accounts.

Ability to commence branches in Dubai

Eligibility to hold multiple offices and properties in the UAE

The UAE residence visas to the investors

Forming a Limited Liability Company in Dubai

To form LLC in Dubai one needs to have the following things:

Choose a company name that will be used to conduct business.

Frame Memorandum of Association (MoA) of the company.

Get Commercial Registration.

These are the basic steps of LLC company formation in Dubai and there are other intricate steps to be followed. So, for successful company incorporation, one should consider seeking the services of business setup consultants.

Role of business setup consultants in LLC company formation Dubai

Forming an LLC in Dubai is a potential setup in enhancing your business. However, to do so, one would need to put together several things for the successful LLC registration in Dubai. But being a foreigner, one might face numerous difficulties in doing so. So, it would be in the best interest to seek the services of consultants for a smooth LLC company formation in Dubai.

The business setup consultants perform the following functions:

Help find a local UAE national as the 51% shareholder.

Provides assistance in identifying office space suitable for business setup.

Ensuring that all the approvals and incorporation procedures are in place.

Plays a major role in opening bank accounts in the fastest time possible.

Providing full-spectrum of support service.

Assistance in arranging residence visa for the investor.

The post Role of Business Setup Consultants in the formation of a Limited Liability Company in Dubai appeared first on Vitta Financial Analysis & Consultancy LLC.

Understand the 3 Major Aspects for Establishment of Company in UAE

Aswani — Mon, 17 Oct 2016 10:41:18 +0000

For an ambitious entrepreneur, Dubai is considered as a lucrative business destination. With strategic location and easy business policies, establishing your company in this Emirate can put your business on the fast track to success. When it comes to setting up your business here, there are a lot of options available. To help you navigate these options, here is a list.

1. Choose the right activity

When setting up your business in UAE, you need to choose the right business activity from the very beginning. This is because you need to get a trade license prior to starting the business, on which the business activity you have undertaken is mentioned. The activity cannot be changed in future when other opportunities may arise. Hence, it is important to have a good plan and choose the activity as per your needs.

2. Select the right type of company

To establish your business in the UAE, there are three different types of options.

a) Local LLC

If you want to supply goods or services in Dubai’s market, you need to opt for LLC company formation in Dubai. You will also require a local LLC if you plan to rent an office or a warehouse in one of the malls or a location outside the free zones. Local LLC will always be in partnership with a native shareholder who possesses 51% of the shares.

b) Free Zone Company

If you want to be the sole owner of your business, you must consider setting up your business in UAE free zones. Establishing your company in a free zone means that you can do business only from this zone. Also, you can rent an office or a warehouse only inside this zone.

c) Offshore Company

With an offshore company in UAE, you are not allowed to conduct business dealings in Dubai. Though, you can use UAE as a base to do business in other parts of the world.

3. Running a business in Dubai

Unlike other parts of the world, you will experience a sense of freedom when planning an LLC company formation in UAE. You don’t have to worry about VAT or income tax. Besides, the money you make will all be yours, a big reason why a large number of foreign investors prefer to establish a company in Dubai. There is an ample number of business opportunities available in this emirate.

These are some of the options that will help you take the right decision. All three types of companies mentioned above offer certain advantages to the business. Apart from this, Dubai enjoys excellent infrastructure and investor-friendly policies that makes it highly popular among business owners & investors. Besides, it offers a perfect business environment to inbound international businesses and enables quality, efficiency, and top-notch services. Over the last few years, it has emerged as one of the most sought-after destinations for establishing business across the world.

The post Understand the 3 Major Aspects for Establishment of Company in UAE appeared first on Vitta Financial Analysis & Consultancy LLC.

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