Why you should hire a consultant for setting up a business in Dubai?

Dubai is becoming one of the hottest business setup hubs in the world but it is not an easy task to set up a business in UAE Dubai. Entrepreneurs should always seek the help for business consultancies, business setup service providers and corporate advisory firms when setting up a business in Dubai because of the features they offer.

The following are the reasons why it is recommended to hire a business startup consultant in Dubai:

1.       Legal formalities and licensing

Before starting a business, you have to deal with all the legal formalities such as registration and licensing. As the consultancy firm is familiar with all these formalities they can ensure that your business setup process in Dubai will go smoothly and hassle-free. The business setup consultants in Dubai will help you in understanding all the risks and exposers related to any legal form or document and will also help you in expanding your horizons.

2.       Laws, regulations and ownership

You will need professional advice when setting up a business in Dubai because UAE is distinctively divided between the onshore sector and offshore sector company Registration in Dubai UAE. Onshore sector is dominated by local business interests and has restrictions on foreign ownership. Offshore sector consists of a number of free zones each with its own rules and regulations.

3.       Finding the ideal location

Deciding the market for your business is one of the important steps and business setup consultant firms pride solutions with the help of economic feasibility studies. They will help in doing background research on the location and will focus on marketing environment providing information that will help you in effective decisions.

4.       Value added services

Some of the business consultancy services offer value added services like opening of corporate bank account, license amendments, visa services, company logo registration and more which will ease your work

5.       Strategic government partnership

Government relationship will be needed while forming any type of business in Dubai and hence business consultant who already are well versed with all sorts of government agencies like Department of Economic Development (DED), Dubai Land Department (DLD), Ministry of Economy or Dubai Municipality, etc. The consultant will act as a liaison between your business and the related government body.

EBMS will help you in setting up a business in Dubai as we are experts in our field. Reach us to know more.

Dubai Mainland, Dubai Free Zones and Dubai offshore: Which jurisdiction to choose?

Dubai has grown as a business center in the past few years. Business personals and economists are eager to set up companies in Dubai. But before you step into the competition, you must know which jurisdiction will suit your company best. Your business activities and target market will decide whether you need to set up a company in Dubai in Dubai Mainland, Dubai free zone or as an offshore company.

Hence, to make you understand the differences, we have come up with a short guide in this blog.

1. Dubai Mainland company setup

A mainland company in Dubai is also known as an onshore company. Its license is provided by the Department of Economic Development (DED) of Dubai and allows the companies to do business in the local market as well as outside the United Arab Emirates without any restrictions. The advantages of company formation in Dubai Mainland[s1]  are lucrative government contracts, international presence, wider business scope, various amenities, unlimited visas and many more.

2. Dubai Free zone company setup

Dubai like the rest of the UAE has free zones for business setup. Dubai free zone authority allows the companies to do business inside the Dubai free zone. Entrepreneurs looking for tax exemptions should opt for Dubai free zones.  Dubai Free zones have several advantages for investors and businessmen alike such as tax exemptions, 100% ownership regardless of nationality and domicile, exclusion from all import and export duties and many more.

3. Dubai offshore company setup

A company that has its parent corporation in another country but has an office established in another jurisdiction is called as an offshore company. It cannot be called a branch office as no physical office is required nor they are physically present in Dubai.

One of the things that you must know is that in no way you can convert Dubai free zone offshore company into an onshore company. This is because of the different status of all the three companies and varied laws and regulations.

If you want to set up your company in any of the jurisdictions like Dubai Mainland or Dubai free zones or Dubai offshore, contact EBMS. They are the best business set up consultancy service providers with years of experience. We will guide you through the whole process and help you grow internationally.