Do You Have Plans to Set Up an LLC Company in Dubai?
Posted by sunainaram on January 21st, 2016
As an entrepreneur, you will constantly be looking for ways to expand and improve your business. Do you want to set up a base abroad? Why don’t you start with the desert nation of Dubai? With its liberal foreign investment policy and strong infrastructure, Dubai is an investor’s heaven. Plus, it has a tax-free system that encourages business to develop. However, you should also consider the various fees that you should pay for the license when you are doing your financial planning. There are many laws and regulations for foreigners who want to set up company in Dubai. During the registration, you should be able to show that you have the essential money to start and run the business. You should also have a proper business plan with details of how you are going to run the company. Once the relevant authorities are assured of your financial condition and business details, they will give you a go.
There are many points you should checkout before you set up an LLC in Dubai. First, you should do an extensive research of the region where you are planning to start your company. The best place to start up would be in the free zones as the rules for company establishment and development are relaxed in these areas compared to the other parts of the city. Dubai boasts of plenty of such free zones. The most popular free zones are Dubai Airport, Hamriya, Rak, Jebel Ali, Tecom, JLT & DMCC and Saif.
When you are calculating the cost of setting up a company in Dubai, you should also consider details such as customs, startup fee, as well as expenses for visa and paperwork. You should also calculate expenses for employee salaries and their accommodation.
Apart from the financial and business expansion planning, there are also lots of aspects that you should take into consideration before you set up a company in Dubai. The laws for investors setting up partnership companies or LLCs are different. There are a lot of legalities involved in the entire process. If you are feeling bogged down by all the formalities and regulations, then you can take the help of business consultants. From identifying the right place to set up your LLC in Dubai to getting approval from the relevant authorities, these consultants will guide you every step of the way. Grow your business and go global with the right support from the business consultants.
