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Do you want to start your company in Dubai?
Company formation in Dubai requires thorough research and study. There are a lot of procedures which need to be followed and is best if foreign investors have all information about the business activity they will undertake, along with knowing all the licensing requirements.
There are a lot of firms which help you with company formation in Dubai, who help you set up from scratch. These firms advise and assist you in selecting the location for your business, they help identify a national partner if required, they assist in licensing and complying with legal requirements, formation, and documentation. It’s best to go for a firm which helps in the formation of Offshore trusts, foundations and offshore companies across various free zones in the Middle East and abroad.
The Dubai Company Act requires a foreign investor to have a local partner, who owns the majority interest. The only places where investors have fully owned businesses are the Dubai free zones. The registration requirements vary with the company type one chooses.
Company formation in Dubai also includes various steps like drafting and notarizing the company’s memorandum and articles of association, opening a corporate bank account, registering the native workers with the ministry or labor and social security authorities. Companies also need to register for VAT, ever since VAT has been applicable. Most of the firms who offer company formation services, also provide vat consultancy. Most accounting firms in Dubai give you the right vat consultancy Dubai that you’ve been looking out for.
While there are many other laws, rules and regulations to formation of a company in Dubai, it’s essential to seek out the right partners who can smoothen your entry into the Dubai market. TRC Pamco is your one-point trusted and reliable firm that can help you through this journey.