Company Formation in Dubai
There are various procedures involved in company formation in Dubai. And you have to follow all the procedures very carefully. Although things are not complicated, if you are aware of legal requirements and other essential formalities, you can start in the right direction. Here is a detailed discussion on everything you need to keep in mind before setting up your business in Dubai/ mainland business setup in Dubai.
Procedure for company formation in Dubai:
You have to follow a step-wise procedure for your company formation in Dubai. Some critical steps are:
- You have to decide the type and nature of your business.
- Choose a unique company name that should reflect your business.
- Complete all the necessary incorporation paperwork with the help of relevant government authorities.
- Accept your license notification from the government.
- Open a corporate bank.
- Apply for the visa.
Company Liquidation in Dubai
Company Liquidation in Dubai – Liquidation is the complete process of bringing a business or an enterprise to an end and equally distributing its assets to the various claimants and creditors associated with them. This Liquidation can be for a branch of a company, sole establishment, a free zone organization, a LLC Company.
Process of a Company for Liquidation:
The company needs to follow the followings procedure for liquidations which is as follows:
- Prepare and Submit Resolution
- Publishing an Advertisement
- Settlement for Employees
- Closing of Bank Account
- Obtaining a NOC
- Deregistration’s with the FTA
- Issuance of Liquidators Report
- Submitting the documented copies
- Original documents submission
- Cancellation of License
Post the submissions of the originals documents, an ad is run in the newspaper for 15 to 45 days and finally the license is cancelled.
Freezone Company Setup
Freezone Company Setup in Dubai – Free zones in UAE are a boon for foreign entrepreneurs/investors. These are economic areas developed to boost international businesses. Foreign companies have the privilege to retain complete ownership and are not liable to pay any tax or customs duty.
Offshore Company Formation in UAE
Offshore companies are those which are primarily managed and operate by foreign countries. There is special exemption in financial, legal and tax matters.
The Advantages of Offshore UAE Company Formation
Registration & Licencing
1. Sole Establishment
It is an establishment owned by a single person to operate an economic activity (commercial, professional, industrial, agricultural or real property). Financial liability
2. Civil Company / Professional firm setup services
establishing your professional firms. It includes strategic inputs, help select local service agents, assist to select locations, organize business plan, and also handle paperwork and documentation formalities.
3. Limited Liability Company
Limited Liability Company can be formed by a minimum of two and a maximum of fifty shareholders whose liability is limited to their shares in the businesses capital. Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business
4. Joint Venture
We have expertise to assist all joint venture operations setup in UAE. We initiate dialogue and contacts with potential partners, set strategic direction, co-ordinate your business plan, and also handle paperwork and documentation formalities.
5. Public & Private Shareholding Company
We organize to establish shareholding companies in UAE from inception to conclusion We give strategic inputs, assist to help decide company structure, select local partners, choose exclusive office locations, organize business plan, and also handle documentation formalities.
