Company in Dubai
A company in Dubai is a greater challenge to the foreign market. There are local and global level of marketing taking place in Dubai compared to the other cities in the Middle East. The geographical location of Dubai seems to be basic foundation of Dubai market from very long years ago to till now which lies between the Asian and European Market.
Choosing Dubai is the best choice from the business point of view for the settlement of a good market. We are acting as business consultants in all the necessary services for a business in UAE nation. In our experience in this field we have seen lots of business entities who made a start up without best planning in the locations of Dubai like Mainland, Free zones etc. had their best business from the date of start to till now. The only thing you need to know about is the company formation process in Dubai for your nature of business. Before company formation the basic information required is the market status, location preference, future benefits, legal authorities, capital investment and so on.
Once you are prepared for the fine investment to do a business in Dubai the successive procedures moves to the location for its implementation. There can be foreign as well as local investors for a business based on the location type.
Dubai Mainland
There are many rules and regulations in UAE for the company formation. If you decide to start a company in Dubai Mainland and then the process is to obtain a business license by submitting necessary documents in Department of Economic Development and they will issue license for the further registration procedures.
Dubai free zones
If you find Free zones in Dubai best for the business and then the main thing is the concept of local sponsor. He/she the local sponsor is a must to start up a company in Free zones. Free zones of Dubai is more popular because of its added own benefits in future after the company incorporation. There are special economic zones with more number of companies here controlled by a single management like ministry authority. All forms of legal activities can be performed at this central point of free zones itself. Different types of business comes under different free zones.
Local sponsor
Without a local sponsor you are not allowed to start a company in free zones of Dubai. Local sponsor is a person who have well experience in the field of business and currently he should have a running business in UAE nation. Representing the local sponsor you can easily move for the registration procedures. On normal basis this person should have an ownership authorization of about 51 percent of the company and the foreign investor like will have the remaining 49 percent ownership. Support pf such local sponsor gives you benefit in the future in all the level conflicts that rise in the Dubai market. Any legal issues can also be resolved with the help of this sponsor.
As far as you have gone through the importance of location to do your business in Dubai. At the same time the local evidence to your business before its registration is the license.
Do have license of your own to submit anywhere legally in UAE? If not, you have to get a license for your business in order to make a start up in Dubai. Business license are issued based on the nature of work it is involved. Generally there some basic licenses issued by the Department of Economic Development in UAE nation.
Professional license: In this license most of the business people under the professional activities are involved like consultancy, corporates etc.
Commercial license: Here the license is issued for the business undergoing commercial set of activities including trade (import and export)
Industrial license: The license used for the business under production or manufacturing department and transportation
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