The Emirates is one of the countries with diverse job and investment opportunities, so a large number of individuals of different nationalities resort to it, services for opening a company in the Emirates are provided through a high-quality Tasyeir business company. The United Arab Emirates is developing day after day, and the investor is able to establish a company there. Or starting any business, he must have a ready plan that contains complete business details while also being prepared for any surprises, as its market is one of the most difficult markets.
Services for opening a company in the Emirates
When you search for a place that will help you establish your own company. You will actually find a lot, but it is important to choose a place that suits your needs and ideas as well.
The offices and companies that provide company opening services have also spread and diversified in the Emirates. And all of them adhere to the conditions set by the competent authorities in this matter, until the matter is done legally.
Choosing those with experience in the field that will be approved for the company is the first step to success. In addition to a comprehensive study of the required budget, location, target group, and other matters.
You will only find Tasyeir business company that excels in company establishment services. Providing licenses, etc., from starting the company’s feasibility study until actually starting its investment activity.
How do I open a company in the Emirates?
Establishment is accomplished by fulfilling a set of requirements and conditions as well, which we mention as follows:
Determine the type of company
The types of companies within the United Arab Emirates, especially Dubai, are different. As are limited companies, companies that have limited liability, as well as those with joint stock. If the investor meets the conditions, he can choose any of them. He can also seek help from offices and companies that provide services for opening a company in the Emirates.
Choose the primary activity
In order to obtain licenses for the company, its main activity must be chosen, under which the license will be obtained.
company Registration
One of the legal conditions for establishing a company in the Emirates is its registration. Registration is done with the Ministry of Economy and the General Authority for Industry and Commerce.
Obtaining work permits
These licenses are provided according to the company’s activity. And the relevant authorities are approached and the required papers are submitted.
Create a bank account
It is an important step for the investor to have a bank account in one of the local banks. In order to greatly facilitate the company’s affairs, as the investment environment in the Emirates is fertile. And therefore it is not exposed to recession except in certain cases.
Advantages of opening a company in Dubai
Because Dubai has become the first destination for investors from different countries of the world. Investment in it is distinguished from that in other cities and countries, but it also requires a somewhat large budget. And this is so that the individual can achieve his desired goal in the way he desires.
By providing services for opening a company in the Emirates, a person obtains several advantages, which are:
- Tax exemption on income or corporate tax completely: as taxes within Dubai are low, and some sectors do not have income tax.
- Fast licenses: The system for issuing the licenses an investor needs works efficiently and quickly.
- It is not necessary for the investor to be in the Emirates in order to establish the company: this has made the Emirates a destination for a very large number of investors.
- Complete foreign ownership: An investor who does not hold UAE citizenship can be a 100% owner of the company without the participation of an Emirati sponsor.
- Complete exemption from export and import duties: This also saves people a lot of expenses. But anyone who wants to invest in Dubai must have strong ideas, as the competition is very strong in that market.
- Great geographical location: Dubai’s location is special, as it is at the intersection of the three regions of Europe, Africa and Asia. As well as, this is what makes it an international commercial center.
How much does it cost to open a company in the UAE?
The investor can request assistance from service companies to open a company in the Emirates. As there are a set of fees that the individual must pay when starting to establish his company within the Emirates. And these fees are entered in the following:
- Company registration fees: which are paid once upon incorporation. As well as, also come according to the legal structure of the company and the location of the company.
- License fees: Licenses vary depending on the type of company activity. As the industrial license is the highest value, and this value is paid annually when the license expires. And when issuing commercial licenses, the following is addressed:
- Company activity license.
- The value of obtaining a service from one of the authorized agent offices.
- As well as, receive the license and print it.
- Space costs: A company can only be opened by purchasing or renting a place. And the space must be suitable for the commercial activity.
- Capital: This matter varies from person to person depending on the type of activity, place of residence, and size.
- Market entry fees: According to local law, this fee is 5% of the value of the company’s lease contract.
Fees determined by a committee affiliated with the competent authorities in Dubai for foreign investors.
The investor’s residence expenses in Dubai, amounting to approximately 5% of the value of the housing contract. Union fees, estimated by the Dubai Waste Committee.
Why is Tasyeir business company the best?
The diversity of service companies within the United Arab Emirates has made it difficult for individuals to choose among them, but we say that Tasyeir business Company is one of the strongest companies in the field because of the excellent services it provides for opening a company in the Emirates. As it identifies what people need in detail, and then implements it in an integrated and satisfactory manner to the customer.
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