Business opportunities in Dubai
business opportunities in Dubai. Dubai has sophisticated telecommunications and transport facilities for business opportunities in Dubai. and many reasons it serves as the storage and distribution hub of the Middle East. Today, Dubai is a worldwide, re-exporting goods from around the world too, neighboring markets like Iran, Kuwait, and Saudi Arabia, The business opportunities in Dubai also the countries of the Indian subcontinent and East Africa.The list of advantages that many multinational companies from around the world to move to Dubai:
Reason for business opportunities in Dubai
No taxation on profits or income
No foreign exchange controls or restrictions on capital movement in Dubai
A stable, freely convertible currency
Strategic location, bridging time zones between Europe and the Far East
Efficient and well-developed support services, telecommunications and air links
High quality, reasonably-priced office accommodation
Excellent conference and exhibition facilities
A High-quality lifestyle and tolerant, safe and secure environment
Company Formation for business opportunities in Dubai
The “Commercial Companies Law” – and its by-laws apply the operations of foreign business. The Federal Law applies to total local equity of not but 51% in any commercial company and any seven categories of business, which may be established within the UAE. It set out the requirements in terms of shareholders, directors, minimum capital levels, and incorporation procedures.
The seven categories of business opportunities in Dubai. organization defined by the Law are General partnership company, Partnership, Joint Venture Company, Public Shareholding Company, Private shareholding company, Limited Liability Company, and Share Partnership Company.
Doing Business opportunities in Dubai
Over the years, Dubai has become a destination for non-UAE nationals will to do business. To further expand business opportunities for international companies looking to operate in the region, Dubai offers the following list of business entities:
Limited Liability Company (LLC) for business opportunities in Dubai
Limited Liability Company (LLC) is the most common type of business in the UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders is limited to their shares in the business’s capital. Fifty-one percent of participation by UAE nationals is the general requirement for the Limited Liability Companies. Therefore the normal shareholding pattern for an LLC will be 51% Local sponsor and 49% Foreign Shareholder
Foreign investors, who are qualified, can set up company partnerships to carry out their professional practice activities in UAE. A civil company can only have a professional business and is 100% owned by the professional partners, whatever their nationalities. A civil company for engineering must have one partner is a UAE National, which owns no less than 51% of the business and must be an engineer of the same type as the business‘s activity. The civil companies require an area Service Agent if there’s no UAE-National partner within the business.
UAE Commercial Company Law allows foreign companies and corporations to open Branch/Representative offices to exercise their main activities in UAE. However, these offices are limited in the activities they conduct within the UAE. The difference between a representative office and a branch office is that a representative office is limited to gathering information,
soliciting orders and projects to be performed by the company‘s office and limited also in the number of employees they may sponsor. A representative office serves as an administrative and marketing unit for the foreign company. On the other hand, a branch office is a full-fledged business, permitted to perform contracts or conduct other activities as specified in its license
- Free Zone Company business opportunities in Dubai
UAE Free Zones are designed according to specific business or different business industry categories and offer licenses to companies. The investor has complete ownership of the business and there is No local sponsorship or staff recruitment essentials are imposed in free zones.
Imported raw materials and equipment are exempt from customs duty and exports are free of any levies in free zones. But each free zone is managed by a separate Independent Free Zone Authority, and this authority is responsible for issuing business permits and licenses, employee visas, and regulating the business requirements. Each Free zone has its own rules and regulations and the provisions to Commercial Companies Law do not apply to Free Zones.
- Offshore Company business opportunities in Dubai
The offshore is the most modern popular way of managing the business in Uae as they offer excellent and tax-efficient strategies for entrepreneurs. The most important benefits are freedom of operations, confidentiality, and ease of running a business. As a tax-free country for business territory, UAE is one of the well- known jurisdictions in the world for incorporating offshore companies.
Dubai is an international business with a wide range of opportunities for different activities and operations. Dubai is continuing development into one of the world‘s major economic and business hubs, which makes it a great place for doing business. With the increasing numbers of foreigners coming to Dubai, The markets and opportunities are constantly emerging
Contact us for your Business setup in Dubai :
We at BCM Corporate services LLC, extend our quality services to our client with good experience & qualified Business consultants with rich expertise in Business Management services in order that client’s requirements of business setup in Dubai can be completed on time with satisfactory Results outcome. Please be happy to succeed in us for your Business setup requirements on our email id: [email protected] or call us on +971502585921