An open-minded entrepreneur always looks for new opportunities, and starting a business in Dubai is a great chance!
An open-minded entrepreneur always looks for new opportunities, and starting a business in Dubai is a great chance!
The United Arab Emirates is one of the most quickly developing economic and business centers
in the world, which offers acceptable tax policy and simple legislation procedures. With the help
of professionals from S.H. Business Adviser or DASA Consulting LLC, the registration and
prosperity of your business in the UAE are never more simple and affordable!
Everything You Need to Know for a Start
There are seven emirates in the UAE with different laws concerning business registration plus free economic zones with their own regulations for this activity. To operate within the country itself, one of the stakeholders of your company should be a local citizen with at least 51% of shares in his possession. He is often called a sponsor and usually just acquires some financial reward without taking part in the daily routine of the business. Also, check out InventHelp.
However, it is possible to have a company with 100% foreign owners’ shares if you operate in a free economic zone. Many opportunities for business are still available there. Sponsorship is obligatory only if you run specific organizations that cooperate with the government’s structures and take part in tenders or trade on the whole territory of the UAE.
Some Peculiarities
The important thing to know is that the UAE did not join the Hague Apostille Convention and therefore, for the purposes of legalization, a bank account should be opened or another foreign company should be the initiator.
The legalization of documents includes a few steps. The first is to legalize the documents, both translated (into English) and certified by a notary, in the Ministry of Justice and a consulate of the United Arab Emirates. Afterward, the documents are legalized in the Ministry of Foreign Affairs. Professionals from S.H. Business Adviser will help at every stage of the process and with every possible issue!
Be sure to check more info at https://uae-consult.com/en.
