Company formation consultants play a variety of roles. Instead, their responsibilities are primarily determined by the expectations of business owners.
Choose a jurisdiction.
There are three ecosystems in which the UAE allows businesses to be established. There are three of them: mainland, free zone, and offshore. These are referred to as “jurisdictions.”
Every jurisdiction has advantages and disadvantages for businesses. You must decide which economic zone best suits your business plan. To make this decision, you must have current knowledge and relevant experience. An experienced consultant can help you make simple and correct decisions in this situation. One of the simplest is to establish a business in a free zone.
Choose an Appropriate Legal Structure
For your company’s registration, you can select from a variety of legal structures. However, not all economic zones provide the same legal structures. Choosing from a long list of legal options related to business can be overwhelming, especially if this is your first time doing the best company formation in Dubai and the UAE. Choosing the right path is one of the responsibilities of consulting services because this decision will determine all subsequent steps in establishing a business.
The most common legal structures available in the UAE are as follows:
- Mainland LLC Company Partnership (limited liability company)
- Solitary proprietorship
- Collaboration in business
- The public shareholding company
- Commercial enterprise
- Private shareholding company
- Civil matters
- Professional sole proprietorship
Legal structures in Dubai and the UAE provide a set of regulations for businesses to ensure a healthy and transparent business ecosystem.
Company formation and registration
Each zone has its own registration procedure. The documents needed for the free zone may not be needed for the mainland or offshore. There are over 30 free zones in the UAE, with Dubai hosting more than half of them. It is the responsibility of business setup consultants in the UAE to be well-versed in all zones and their specific legal formalities in order to ensure a smooth and efficient company formation registration process.
Submission to a Government Agency
Once the legal structure and documents have been assembled, the Dubai Department of Economic Development (DED) will share the next steps for obtaining a trade license in Dubai for Busifor as an establishment in Dubai. Due to the language barrier, communicating with officials may be difficult, and you may not understand all of the legal requirements. Furthermore, consultants in Dubai and the UAE have internal contacts in such administrations because they work with them on a regular basis to register new businesses in Dubai.
Completion of Documents
In Dubai, each zone provides different services and requires different documents for registration and trade license issuance.
Business setup consultants are familiar with all of the documents required to register your company in a free zone, on the mainland, or offshore. They will obtain all paperwork and handle all issues if there are any problems or if a document is missing.
Here are the most common documents required by each economic zone administration.
- 2 copies of business owners’ valid passports
- Filling out a trade license application Certificate of EJARI registration
- DED’s approval letter for the company name
- DED-attested copy of company formation approval
- The UAE memorandum of association for business
- Consultation Following Registration
It is up to the entrepreneurs to determine what kind of professional services they require from a consultant in Dubai. Many business setup consultants in Dubai continue to work with new clients after the documents have been submitted. They provide free consultation and manage all day-to-day tasks as well as major tasks, allowing entrepreneurs to focus on more important business factors.
Visa and Bank Services
One of the many services that consultants offer is assistance with visa and bank account opening for their clients. Because sensitive information will be shared between the expert team and clients, trust is required.
Save both money and time.
One of the primary responsibilities of all leading business setup consultants in Dubai is to save their clients time and money during and after the company formation process. It is the responsibility of consultants, who have the necessary experience, knowledge, and connections, to provide the best advice to their clients and to apply the proven practices that they can learn from their daily interactions with the business community.
Dubai business setup consultants have been in the business industry for many years and have helped many newcomers achieve their goals.
