Dubai has emerged to be a lucrative investment destination for investors and due to which it is loaded with world class facilities. Thus it has become an important tourist and global business destination.
However, this would not have been the scenario if Dubai had complex and time taking business setup policies. The ease of setting up your business has catapulted Dubai to this stature. Also, the presence of the consultancy setup services in Dubai has aided this easy setup. Many entrepreneurs are under the wrong impression that these consultancies just want to fish out money, while the actual fact is that these consultancy services are aware of 5 important things which are imperative for setting up your company in Dubai.
1. About the diversified market
The business setup services in Dubai are established within the emirate thus they are the ones who have the most accurate information about the market. With the input from a legal set up consultancy you can venture into a market that fetches you maximum benefits. They are aware of the diversified market which Dubai offers and hence are the most reliable source of information.
2. The possible types of companies
The consultancies are aware of the type of company which is most suitable for your business. One can form an offshore company, an onshore company, or a free zone company in Dubai. But choosing the type of company can be tricky if you are not aware of the benefits and compatibility with your business. They would also guide you to choose the right market where you can setup your business. They provide you with full assistance for any type of company incorporation.
3. The documentations and formalities
As already mentioned, there are several types of companies which can be formed in Dubai; this means that there will be different set of laws governing the formation. For example, a Branch or Representative office in Dubai has to have a real office but an offshore company can be in virtual form. Also, for some type of companies the entrepreneur may have to be present at every step for the successful incorporation of the company however for some, he may have to be present at only the crucial stages.
4. The best resources
To set up your business you would need the best resources. The company setup service in Dubai equips you with the same. For example, a Limited Liability Company requires a 51 % local shareholder. The setup services in Dubai furnish you with the same. Thus, they make sure that you do not face any trouble in the near future. Also, they bring to you the best office complexes which are affordable by you.
5. The areas where you can setup your office
Every type of company has some type of restriction on it. Like an offshore company cannot conduct its business in UAE or Dubai, on the contrary a limited liability company is eligible to conduct business. An offshore company can hold property only in sanctioned areas whereas an onshore company is eligible to own as many properties as required. Thus the consultancy educates you about your rights and limitations.
Thus, we see that it is unknowledgeable to generalize consultancy services as mere money minting agencies. Instead, such consultancies are a helping hand for those who want to make their mark in Dubai’s business market.