Uploaded on Nov 3, 2021
Business set-up is fairly easy in the United Arab Emirates. In reality, many companies are jumping at the chance. The UAE is a popular choice of business expansion and investment. Are you want to business set-up in UAE? Milestone is one of the best business management consultancies that provide smart solutions to help you set up your dream business in the UAE.
Basic Steps That You Need To Know Before Setting Up Your Business in UAE
Basic Steps That You Need To
Know Before Setting Up Your
Business in UAE
An Overview
Business set-up in UAE is fairly easy. In fact, many companies are
jumping at the chance. Undeniably, the United Arab Emirates or UAE
is a popular choice of business expansion and investment.
So, do you want to set up your business in UAE?
Milestone Project Management Services is one of the best project
management consultancies that provide intelligent solutions to help
you set up your dream business in the UAE.
Let’s dive straight into
some basic steps that you
should know:
Type of Business
Ownership
Local Support
Share Capital
Type of Business
Your license depends on the type of your business. Whether
it’s industrial, professional or commercial licenses, every
license defines the basis of your business operations.
So, your first step should be getting a relevant license.
Ownership
According to the law and regulations of
UAE, if you have 100 percent
ownership of your company then you
must have a specific location of your
business.
Getting a space in free zones can be a
good idea. There are more than 45 free
zones in the UAE. So, you have a lot to
choose from.
Local Support
Local support is crucial to set up your
business successfully in the UAE.
In fact, if you want a DED license then
you must have a local partner, agent
or sponsor.
Share Capital
Usually, minimum share capital is set
out in the Memorandum of Association
(MoA).
But, in many cases, you don’t even
require to pay minimum capital while
setting up your business.
Thanks
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