Dubai is the first emirate in the UAE that opened its property market to foreign ownership. The government of Dubai established an entirely different set of rules and regulations for foreign investors. The fast-tracked procedures are not simple and to start a business one require some professional assistance. Several PRO services companies in Dubai are there to help business owners who are establishing a business in here for the first time.
In order to register a company in Dubai, finding a reliable legal services team is necessary or you’ll find yourself under bureaucratic hurdles, full of paperwork. Hiring an expert PRO team will save you from the stress of registration.
Applying for registration is a tedious process which can be easily managed by the hired PRO services company in Dubai, through the Department of Economic Development (DED). Also, various preliminary approvals should be obtained from the Licensing Section. Registration for membership at the Dubai Chamber of Commerce and Industry (DCCI) is required as well.
Some of the advantages of hiring a PRO team include:
– These services assist you in focusing on your core business, enhancing profitability and productivity.
– They process and handle all your transactions efficiently without any aggravation.
– They help eliminate management inductive costs and overheads to run such operations.
– They also help generate major savings on unnecessary payroll.
– They assist in the exemption of additional employee liabilities.
Setting up a business in Dubai can offer good incentives but local knowledge is crucial for foreign investors and expatriates in order to be successful. A highly qualified PRO team works to ensure your products and services are fully legalized.
Moreover, legal requirements can be stricter if you set up outside the free zone. The law requires you to have a local partner who will hold the majority interest of the business. Whether it is a company or an individual, the partner will own 51% of the company.
Every start-up entrepreneur must have a local sponsor as a legal Dubai Economic Department (DED) requirement. Hence, finding the right sponsorship for your company is one of the core issues when starting your business in Dubai.
Sponsorship handles all the legalities and liaises with the relevant government branch, associated with your start-up which includes planning, filling up application forms, processing requirements, finalizing legal documents, and more.
Dubai is the best place to stretch your entrepreneurial muscles, set up a business, or open an offshore branch by hiring a legal team that might cost you money, but it’s worth every dollar.