Knower of means make even impossible tasks possible, however starting a business is similar to venturing into unknown territory, and establishing your entity on a foreign land only adds to the unfamiliarity. It seems impossible to grasp the foreign market. Therefore, you must know someone ready to walk down the aisle with you, familiar with the land and the commercial practices. Much like your travel guide, a business setup company in Dubai can help you build your commercial map and navigate your business towards a successful establishment.
This blog will understand how business setup services in Dubai help individual ventures build strong roots in the UAE and flourish in the global economic scape. How do business setup service providers in Dubai
How do business setup service providers in Dubai help?
It is no surprise that to commence trade on any land; you need a business license and specific other licenses for the operation. There are different types of trade licenses one has to procure depending on the type of business conducted. The procedure and approval vary for each business license. In addition, there are specific licenses that also requires permission from ministries, legal clearances and bank guarantee. These legalities and procedures might overwhelm or confuse an outsider. A business setup service provider will undertake all the activities related to your application and issuance of the license and help your business achieve sound establishment and fulfill all prerequisites for commerce.
Determine The Field of Business
The license you acquire will determine the area of your commercial activity. The license can be a Mainland license, Free Zone Industrial license etc. However, you must have professional knowledge of these licenses and their jurisdiction for business operation. Each has its own set of advantages, limitations and prerequisites. Therefore, a business setup service provider will help you make a wise and knowledgeable decision.
The firms providing business setup services possess rich experience in trade matters. They, therefore, can resolve any query or fix your face regarding setting up, operations, administration etc., in Dubai. Moreover, they will look into every aspect of your establishment’s set up to avoid impending issues or complications in the future.
Composing MOA and AOA
An Article of Association or AOA lays down the company’s structure, rules, responsibilities and other related aspects. While a Memorandum of Association or MOA includes details regarding shareholders, liabilities, capital clauses etc. Forming an AOA and MOA is mandatory for every company; furthermore, in UAE, the law stipulates that both the documents have to be drafted in English and Arabic. Having a business setup service provider on board, working on the AOA and MOA, ensures that you prepare the structure of your company correctly.
The federal laws of the UAE stipulate that if you are seeking to conduct your business within Mainland then, you must have a local Emirati as a sponsor of the company. Furthermore, the local sponsor must possess 51% of the share in the company. Therefore the task of finding a reliable and credible sponsor might seem daunting. However, you can pass this burden to the business setup service provider, who will find a dependable sponsor for you and concentrate on more pressing business matters.
You will need an office space or commercial workspace to commence your business. You can choose an office space from the wide range of Flexi desks provided in the UAE. However, if you are looking for commercial space, it must abide by the minimum dimensions specified by the State. A business setup service in Dubai can help you find such office or commercial space at a very reasonable rate.
Ease In Paperwork
The Department for Economic Development Dubai is the authority responsible for issuing trade licenses in Dubai. In furtherance, clearances from other organizations, departments and ministries are also involved in the process. This process might seem cumbersome, but when you outsource a business setup company in Dubai, all this application process and seeking a permit from different sources becomes smooth and easy. The outsourced agency will obtain all the licenses and cover paperwork in a specified time frame so that you don’t have to get worried about these complications.
Given the fact that the business setup service provider makes your entire process of establishing your entity significantly comforting, alleviating, easy, time-efficient, and smooth on a fair budget. Credible and reputed companies guide ventures to finding sturdy roots and help the business grow by setting them up in an environment conducive and competitive for the trade.
Therefore, it is vital for anyone wishing to set up their business in Dubai to outsource business setup service providers like Future Vision, who have been providing impeccable services related to obtaining Visa, Licensing, Business setup, and more for over 15 years and possess a team of expert consultants who help industries to leverage the best of what UAE offers.