Basics about the company formation in Dubai Free zones and Mainland
Haven’t you noticed the business types in Dubai at any time? There are various company formation methods are available based on the business nature and the requirements. Here we can see a small description about the company formation in Free zones and mainland.
We all think that it is easy to have a startup business at anywhere to bring success for future. Many business starts with the complete energy and hope but ends with failure. Do you know the reason of this situation of failure? It is exactly the planning and location chosen for the business plays an important role to achieve success. More over the business can be run in a good track for the future benefits in Dubai by following some criteria. There are many locations in UAE to start a business but at the same time the location you prefer to start gives you the future scope of survival in best way.
In Dubai, among the business consultants Corp roots consultant’s acts as one of the best service offering for Company formation process in Dubai. We have the experience of suggesting most of the business setup in Dubai at the locations like Mainland, free zone and so on. On the customers perspective the suggestions are provided to run their business.
Mainland
If you find of choosing Mainland a comfort zone to start a business and the process of registration begins with procedure by obtaining the business license. Without a license nobody is allowed to run a business in Dubai Mainland. This requirement of license is proceeded with the help of Department of Economic Development by submitting necessary documents of the company.
Free zones
These zones are active type to run various businesses under a central ministry to control over and the sufficient services are also available internally. The major attractive factor about free zones are that every business type has their own free zones here to incorporate their company. Most of the new business rise in Dubai are building their company in free zones because of their services offering the maximum benefits.
Advantages of free zones are:
- 100% ownership
- 100% repatriation
- Fast visa process
- Simple worker recruitment
- Goof infrastructure for company
All these details gives you an idea for the company formation process in Dubai. By a detailed analysis location can be selected for the business setup. Once decided about the location, if it is free zone then the process of company formation is mentioned below.
For a free zone company initially you should register with the UAE Commerce and Trade Center. Process of registration needs various business documents to get submitted.
The process of company incorporation registration includes the following:
- At first have a legal consultation to the business consultant
- According to Emirates law certain requirements like visa verification and work permit is evaluated
- Corporate structure for your business plan is identified
- The types of documents is drafted, files collections is proceeded by submitting as per requirement
- Company Registration Amendments
- Partnership options for the companies like:
- Offshore companies
- Professional companies or branch offices
- Obtain the approvals from Free Zones authorities or Ministries and also from the department of planning
- PR activities are performed
- Accounts maintenance and auditing is maintained
- Setting up of bank account
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