Setting up a company setup Dubai is not as difficult as you may think. The process of doing so is made
easier by the various Dubai government offices and their associated departments
that have all the necessary information on setting up a company in Dubai. The
Dubai authorities are determined to make the city an important tourist
destination and are doing their best to support and encourage foreign companies
to set up shop in the city. They have set up a number of strategies to attract
businesses to its shores and one of these is the call for proposals.
This is a strategic
plan that was implemented to encourage foreign companies to set up shop in
Dubai and this is being done with great success. If you are planning to set up
a company in Dubai, the first thing that you need to do is contact your
preferred company formation agent. These agents can be found easily and you can
use them to apply for the necessary documents, as well as to submit it for the
necessary fees. Once you have submitted all the required documents and fees,
then you will need to submit an application for registration with the Dubai
authorities.
Once your application
has been approved, then you will be able to set up your company at any business
address of your choice. This address should be a permanent one and not a
temporary one. If your company is only operating from a warehouse or a rented
office space, then you will not be able to register the company. It is very
important to ensure that all the employees are registered to the company,
otherwise, if they go out and start working, the company will be considered
illegal.
There are many
advantages of having a company set up in Dubai. One of these is that you will
enjoy tax exemption. Most companies that have registered themselves as a
business in Dubai will receive concession tax from the government. You can use
this tax to further invest in your business and pay off any loans or debts that
your company might have incurred during the time that it has been operational.
The next step in
company formation in Dubai is to register the company with the Dubai Ministry
of Economic Affairs. When doing so, all the necessary documentation needs to be
submitted along with the necessary fees. The company formation will be listed
in the business newspaper. You can also request your company to be featured in
the stock exchange. However, in order to allow your company to be traded on the
stock exchange, you will need to open an account with the Dubai Exchange.
Once all the legal
formalities have been completed, you will have to register the company. It is
important that all employees of the company are legally registered with the
company. In case they are not, then their service will be considered null and
void.
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