Foreign companies look at Dubai as a profitable business hub to expand their bus
Posted by sunainaram on September 10th, 2015
When you think of starting a business in your own country the level of processes may seem easy. Since you are aware of the rules and regulations of the country where you belong to, there is not much to worry about anything as such. Every country has a set of privileges that is bestowed to the business enterprises operating in their own country. If you wish to enter a GCC country, the rules will definitely be different.
As a foreign company, when you wish to start your business or expand a branch of your business in Dubai offshore then you have to do a lot of home work at the planning stage itself. Unlike other emirates, Dubai is regarded a very powerful when it comes to contributing to the global economy as such. The presence of a lot of business companies in the city cater to different types of industries apart from the oil and petroleum industry predominantly.
The rules governing the Dubai Company formation is completely different when compared to the local counterparts. The emirates business people enjoy a better hand in the profit and in the business fraternity as they belong to the place. Foreign entrepreneurs can enjoy their share of profits when they operate in the Free Zone areas identified by the Government. This is so that they can enjoy the business operations and also get a good amount of profits for themselves within the Dubai offshore area allocated to them. The registration process in Dubai for any foreign company in that matter is not that very easy given the list of formalities that has to be complied with.
In the past few years with the speculations of a sluggish business in most GCC areas, Dubai has been positive by and large. The reason is the array of industries and business enterprises contributing to raise the economy. The number of foreign companies operating in the city has gone high despite the fact that the Dubai company formation process is a little time taking and also very rigid. That is when the registered agents’ role comes into action. They have contacts in all the legal offices and the other top offices in Dubai. They help in getting a foreign company registered with all the paper work completed as per the rules. The verification of the documents of the foreign company is a very important aspect that needs to done carefully. Once the formalities are completed it becomes easy to start business operations in Dubai from Free Zone.
