businessmen service in dubai
businessmen service in dubai
We often have questions about how start a business in dubai or open a business in Dubai or in our events in the forum, here we look at the do’s and don’ts of creating a company in Dubai
How to establish a business in Dubai? They will, corporation or a company FTZ will have to investigate all options available to you. Here in depth guide on everything you need to know …
licensing
property requirements
legal structures for business
associations
Joint ventures
companies by public actions and private
capital companies
Branches and representative offices of foreign companies
Professional Studies
Incentives Free Zone
Free Zone licenses
The establishment of a branch of a foreign company
Create Free Zone Corporation
Home free zones in Dubai
start a business in dubai
In the United Arab Emirates, and regulates economic activity by each emirate, in addition to the federal government. In Dubai, the authorities have sought to create a well-regulated without being restricted environment. Dubai and as a result, and organize business conditions, which are among the most liberal and attractive in the area of ??operation.
There are many options open to international companies seeking to establish a business relationship with Dubai. In addition to forming business relationships, many companies find that there are clear advantages in having a presence there for the prospects of market research, establish contacts and communicate with clients, and view details of transactions and orders secured. The presence of such a presence provide significant commercial advantages in the Middle East.
businessmen service in dubai
Fatah Dubai
Businessmen in the region prefer to deal with someone they know and trust and personal relationships are more important in doing business in the Arab world than in Western Europe or the United States. In addition, buying patterns of some countries served by Dubai unpredictable, creating a need for market intelligence and information class. Dubai offers foreign companies a wide variety of businesses, including:
Direct trade – selling directly to established dealers and distributors
commercial agency arrangements – should be designated a national company or the United Arab Emirates. Agreement is registered with the Ministry of Economy and Trade
Branch or representative office – 100% foreign ownership allowed office. It must be set local agent (sponsor), DED license is required
A limited liability company – foreign ownership is limited to 49%. DED license required
investment incentives for free zone.
licensing
The basic requirement for all business activity in Dubai is one of the following three categories of licenses:
Commercial licenses covering all kinds of trading activity;
Professional licenses covering professions, services, craftsmen and artisans.
Industrial licenses for establishing industrial or manufacturing activity.
And issuing permits Department of Economic Development in Dubai (with the exception of licenses for hotels and other tourism-related issued by the Department of Tourism and Commerce Marketing that business.) In addition, licenses for some categories of business require approval of certain ministries and other authorities: for example, banks and financial institutions in the United Arab Emirates Central Bank. Insurance companies and related agencies from the Ministry of Economy and Trade. Manufacture of the Ministry of Economy and Industry. The pharmaceuticals and medical Health Ministry. more detailed application for companies operating in the oil or gas production and related procedures industries.In in general, should be recorded in all commercial and industrial businesses in Dubai with the Chamber of Commerce and Industry of Dubai. You may also be interested in:
businessmen service in dubai
What is the Department of Naturalization and Residence?
Check the department and extensive functionality
What is the service of Al-Amin?
property requirements
Fifty-one percent of the participation of UAE nationals is the general requirement for all companies established the UAE, with the exception of the following:
When local law requires 100% ownership
In free zones in Jebel Ali Airport
In an open letter to the 100% ownership of the activities of the Gulf Cooperation Council (GCC)
Where subsidiary wholly owned GCC companies to enter into an alliance with the citizens of the United Arab Emirates
With regard to foreign companies registered branches or representative offices in Dubai
In professional or artisan companies that allowed foreign ownership of 100%.
legal structures for business
Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 – the Commercial Companies Law – and its regulations governing the activities of foreign companies. In general, the provisions of this law are as follows: Federal law gross domestic stock of not less than 51% in any company defines seven categories of companies that can be established in the UAE. And specifies the requirements in terms of shareholders and board members, and the minimum levels of capital and incorporation procedures. It also establishes the provisions governing conversion, merger and businesses to solve problems. Seven categories of business organization defined by the Act are:
Corporate Sponsor
Association-Oon- commendam
the sa
A public company
A private corporation
limited liability company
share partnership company
associations
solidarity companies limited only to UAE nationals. Not by the government of Dubai does not encourage is to establish an association of undertakings Oon- commendam and share partnership.
Joint ventures
The set is a contractual agreement between a foreign party and a local party licensed to perform the desired activity. And it has to be involved in domestic capital in the joint venture at least 51%, but the profit and loss distribution can be prescribed. No need to license the joint venture or publish the agreement. The foreign partner deals with third parties on behalf of the local partner who (unless the agreement was announced) shall bear full responsibility. In practice, joint ventures are also suitable structure for companies working together on specific projects provide.
Starting a business in Dubai
companies by public actions and private
The law stipulates that companies participation in banking, insurance, or financial activities should be managed as local public capital companies. foreign insurance companies and financial banks, however, may have a presence in Dubai by opening a branch or representative office.
allowed in the case of capital companies.
