How Can You Get a Company Easily Registered at Low Cost in UAE?
Starting a low-cost business setup with proper registration in Dubai can be surely an ambitious decision. With its state-of-the-art infrastructure, tax-free income, fair policy and regulatory framework, government initiatives such as Expo 2020, connectivity to all nations, and potential growth in economic development, the UAE has long proven to be a continuously developing economic center.
UAE is one of the best choices to setup businesses rather its from ambitious start-up to offshore companies of large Corporate Giants. According to a 2016 World Bank report, the UAE ranked 31st in the global ease of doing business index, and the Global Entrepreneurship and Development Index (GEDI) report ranks UAE 19th in entrepreneurial orientation, activity, and aspiration, indicating the UAE’s focus on encouraging entrepreneurship and economic transformation.
Requirements for company formation in UAE:
If you’re starting a firm that involves professional services, you won’t require a local sponsor; instead, a service agent will suffice. A service agent represents you and assists you in dealing with local administrative authorities in order to launch your firm. You have complete control over your professional business, and the service agent is only paid once for the service he provided.
Company Formation in UAE will require to have you a shareholding structure and also not to mention you will also fulfill some specific business licensing requirements.
Choose the appropriate business type to register your company in the UAE:
There are three types of business in Dubai which are Mainland, Free zone and Off shore. Dubai also motivates and welcomes foreign investment but there are rules and regulations that must be followed by investors. You must need a sponsor or service agent to enter in Dubai-UAE. In mainland a local resident of UAE based company can act as a sponsor, for professional service you need service agent as sponsor and in order to start a free zone business, you’ll need a sponsor, which in this case is the free zone.
Things to know in setting up company from low-cost in UAE:
There are few steps in following on your route to setting up in UAE.
- Make a decision on business activity that you want
- Choose your brand or company name
- Apply for business license
- Make a visa application
- Getting a business bank account
As, we discussed in this blog that how to get a low-cost business setup. Also, the cost of company formation depends on the size of your business and the specific activities for your business that intent you to carry out and so on.
If you’re looking at very low cost for legal proper verified setup of your business although setup process can be somewhat stressful, you can fast-track your setup by consulting and working with a company formation specialist. We give you the quickest way to setup in UAE, just letting us take care of all details and ensuring application is free from all bugs. Whether it be a mainland business setup or any type of business type or its about issuing a trade license and any related activity for registering a business. We are your one stop shop.
