Before planning to start a business in
The factors to be considered before company formation in UAE are
- You should have a good knowledge of the region. Carry out an extensive research into the business sector you wish to operate locally. You must have a feasible business plan, which includes a thorough analysis of the market scenario, your possible competitors, your business prospects and expected profits. You have to arrange for investment and funding through your own resources or your bank .It is better to opt for any other means than applying for a loan locally, specifically, if you’re new to the region and does not hold a track record. A credible and efficient plan might catch the attention of local or government support.
- According to the law, you need to have a local partner who holds the majority share, and thereby has the control over the business .The local partner can be a company or an individual and they don’t have to contribute to the initial investment. The partner can be compensated as part of a mutual contract. This requirement is presently being reviewed to encourage foreign investment.
- After you register your business, you must prove to the Ministry of Commerce that you have a considerable sum of money to invest in the company. The required sum differs among the states. In most cases, it has been set between $10,000/£6,500 and $50,000/£33,500 and this amount is regarded as a guarantee against liabilities.
Smart Business Solution provide you effective company formation and company registration services since 2010. It is one of the leading companies which ensure the customers in a safer way for the registration process. Forming a limited company with us could not be easier. Our simple online company formation service carries out your limited company incorporation. A dedicated team will assist you on how to register a company & process behind each step while registering a company in a simple & easiest way.
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