Dubai offers a plethora of business opportunities. Aside from its strategic position, Dubai is an attractive destination for business setup in UAE because of its permissive operating environment, protection of assets, tax rebates, and exemption, as well as limited liability.
However, if you are unaware of the legal requirements, business setup in UAE might be difficult. Two of the most important elements to consider are the costs of business setup in Dubai and the procedure to follow. There are primarily three types of business formation options: Free Zone Business Formation, Business Setup in Dubai Mainland, and Offshore Company Formation. Each category has its own set of processes and rules. Make My Firm, a business setup consultant in Dubai, assists entrepreneurs who want to establish a business by providing business setup services in Dubai.
Common Business Setup Services In Dubai, UAE
Business License Services
The Department of Economic Development (DED) in the United Arab Emirates issues business licenses. Business licenses are basically divided into four categories on the basis of the kind of industry:
- Tourism
- Business
- Professional
- Commercial
A business license gives numerous advantages to the entrepreneur or corporation in addition to permissions for business setup in UAE. Business setup consultants not only provide experienced advice on licensing but also handle the time-consuming formalities of obtaining various government permits, saving your time and efforts.
Business Setup Services
Setting up a business is an important aspect without which company formation is not possible. In order to comprehend variables such as the type of company and target market, thorough market research along with feasibility analyses is necessary. The appropriate advice from the right consultant can make the process easier and more efficient.
VISA and PRO Services
VISA and PRO services comprise of:
- public relations and consultancy,
- legal translation,
- VISA renewals as well as cancellations,
- getting or re-applying for VISAs,
- immigration cards,
- UAE driving licenses, and
- health cards, among other things.
Because government approval is necessary for all of these, the work becomes rather difficult and time-consuming. Therefore, it is not only time-saving but also cost-efficient to hire company setup service providers or consultants for this purpose.
As a professional, Make My Firm maintains a close watch on VISA requirements and other government laws in order to stay updated and better serve its clients.
Trade License Renewal
Whether you’re doing business on the mainland, in a free zone, or offshore in the UAE, you’ll need a trade license. Obtaining and maintaining a trade license, on the other hand, is not a one-time deal. Instead, the annual renewal of the business license is compulsory.
Changes to the:
- trade name,
- location,
- sponsor,
- removal or addition of partners, or
- any other commercial activity is all possible under the license.
In addition to this, the following point should also be kept in mind:
- Delays in renewing your trade license in the UAE might result in fines or possibly a blacklisting of your business.
- It’s possible that renewing your trade license can take a lengthy time, especially if your documentation isn’t in order.
- You must be confident of the validity of your tenancy contract, as well as the certificates required for the procedure.
So, having specialists assist you and offer timely notifications of expiration and renewal dates is advantageous, ensuring that your license renewal procedure goes well.
Trademark Registration
Trademark registration is an effective and necessary mechanism for protecting the identity of commercial items for business owners. It can be a name, letter, words, signature, symbols, figure, Inscription, drawing, picture, or advertisement that is used to identify a group of items, products, and services as pertaining to one owner or emanating from one source.
There are several advantages to trademark registration in the UAE, including the protection of your brand and the assurance that other organizations will not counterfeit or mimic your trademark. The Ministry of Economy of the United Arab Emirates is the official body in charge for the purpose of trademark registration, renewal, and revocation.
A proficient business setup consultant can assist you in getting your trademark registered in Dubai by complying with all the necessary regulations and procedures.
VAT and Accounting Services
After the adoption of new tax legislation, all the UAE businesses are required to get VAT as well as accounting services. Learning about the nation’s VAT Regulations, hiring competent tax professionals, and evaluating the balance sheets are all goals of tax consultants and accounting services.
They give experienced advice in reference to the business’s legal and financial challenges since they are up to speed on the newest FTA laws and guidelines. In addition, they guarantee fast and correct return filing as well as tax rebates.
Investor Right Protection Contract
Business setup consultants assist in the drafting of the ‘Investor Right Protection Contract,’ which is fully transparent and legal in UAE courts. The investors will have complete operational ownership of the company under the terms of the agreement. In addition, the consultants can assure fast and reliable operations thanks to their established relationships with government bodies.
Final Words
In recent times, every entrepreneur’s dream destination for establishing a business in Dubai. The experts who offer business setup services in Dubai are a blessing in disguise, assisting at every step. They offer fantastic services, support, solutions, and consultancy to help new entrepreneurs and investors get their businesses up and running as quickly as possible. Furthermore, they are well-versed in the UAE’s existing policies, regulations, and laws governing trade areas. The company set up consultants are also familiar with the customer market and how to target them effectively. They may also aid new business owners in capturing markets and deepening their roots.
So, wait no more, contact Make My Firm for business setup in Dubai Mainland and other company formation services.
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