Overseas Company Formation: UAE Being One Of The Choice Countries

7/27/2019 Overseas Company Formation: UAE Being One Of The Choice Countries

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TABLE OF CONTENTS

What You Need To Know About Business Set Up

In Dubai

3

Company Formation Qatar Specialists Discuss

Its Ins And Outs

5

Overseas Company Formation UAE Ranks

Among The Choice Countries

7

Prime Time For A Business Set Up Dubai

Welcomes Foreign Investors

9

Identifying The Steps Involved In Business SetUp In Abu Dhabi

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What You Need To

Know About Business

Set Up In Dubai

When setting up a business,

an investor should know the

pertinent requirements to

avoid confusion and to

ensure that business

operations are seamless

more so if you are

establishing a presence in a foreign country where laws and regulations

may differ from one's home country. Dubai's local government has

installed measures to establish a climate that is favourable to business

activities.

Business set up in Dubai can be a hassle-free endeavour if one knows the

necessary requirements, laws and regulations. As a general rule, foreign

investors must partner with a UAE national who must hold 51%ownership of the company. However, there are specific exceptions

including full foreign ownership of companies established in free zones,

full ownership of professional or artisan companies and full foreign

ownership for companies registering their business as a branch or

representative office.

The Commercial Companies Law has identified seven types of categories

of business organisations that a business may adapt, namely: generalpartnership, partnership-en-commendam, joint venture, public

shareholding, private shareholding, limited liability and share

partnership. As per the stipulation of the law, only UAE nationals are

allowed to form a general partnership company while the local
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government does not encourage businesses to form partnership-en-

commendam and share partnership

companies.

Among these types of businessorganisations, the limited liability

company has been favoured heavily by

foreign investors in recent years. As per

current regulations, a limited liability

company may be formed by individuals

between two to 50. Each person's liability

is determined by the number of theirshares in the business's capital.

Setting up a company in a free zone has

also appealed to many foreign investors

because of the numerous benefits they give to a business. This includes

full foreign ownership, full repatriation of capital and profits as well as

exemption from import duties. Additionally, the recruitment processes

in these free zones are streamlined, ensuring that businesses have asteady supply of skilled workers.

Every business is unique. While setting up a business in a free zone or

establishing a limited liability company may seem appealing at first, it is

best to know the best direction to pursue as well as the other options

available to you. One of the best ways to do such is to avail of a consulting

service, particularly those who have several years of experience in the

Middle East in a wide range of sectors. By taking into account yourspecific circumstances and needs, they can help tailor a solution that will

enable your venture to grow and profit in Dubai. Visiting

www.linksgroup.comwill help you gather more information on business

setup Dubai.
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Company Formation:

Qatar Specialists

Discuss Its Ins And Outs

Qatar is fast rising as one of

the most investor-friendly

countries in the Middle East.

Albeit its immense wealth, it

remained somewhat obscure

to the Western world in the

past decades, but that has clearly changed of late. Globalisation

endeavours are infusing fresh energy into its cities and the country is

quickly becoming a choice location for business ventures. Qatars low

population also contributes to the eager welcome foreign investors get

from the locals. With the business and the expats these companies bring

with them, the country is better able to access various products and

services. In fact, things are getting even more exciting now that Qatar is

gearing up to host the World Cup in 2022.

Investors are definitely enthusiastic about the advantages Qatars

growing economy can provide for their interests. This is certainly evident

in the increase in applications for company formation. Qatar can

consider this a sign that is set to experience an even bigger economic

boom. As wealthy as the country already is, its financial potential is far

from being fully explored.

When it comes to the process of company formation, Qatar has but afew options for foreign investors, but this just makes it simpler to

accomplish. Having too many choices means that you have more to

consider and weigh; your deliberations will take longer. In any case, the

investment opportunities are plentiful, and thats what matters more.
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Also something to take note of is the governments offer of incentives to

foreign investors, some of which are tax breaks and exemptions in

customs duty. And something that would definitely speak to them is the

fact that profits, proceeds from sales, and capital on liquidation can berepatriated.

Naturally, there are plenty of requirements for foreign entities to meet

if they intend to operate a business legally abroad. If they want hassle-

free company formation, Qatar has specialists that help foreign business

owners not only take care of various legal requirements, but also get

them acquainted with various local practices in business and other

general customs for smoother assimilation. From getting a valid licenseto registering with the Chamber of Commerce to opening a Qatar bank

account, these experts take care of all the details for their clients.

The business scene in Qatar is going to see more action as foreign

investors continue to troop in to be a part of the countrys booming

economy. Those determined to achieve business success in this

emerging Middle Eastern gem should make sure to do everything right

from the get-go. Hiring the right people to help them is certainly one ofthe important first steps to take. Click here for more information on

company formation Qatar.
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Overseas Company Formation: UAE Ranks Among The

Choice Countries

Dubai has been in the globalisation limelight for a long time. It did suffer

a short-lived setback a few years ago, but it has since recovered and is

now continuing in its path to

legendary economic success,

blazing new trails as it breaks

records in what people can

achieve for a city. Not far behind

and perhaps even set to gain

ground on its glitzy neighbour

is the countrys capital, Abu

Dhabi. It had been a more subtle

contributor to the countrys

economic achievements, but is now

ready to make itself as much of a household name as Dubai is. In any

case, foreign entities can expect the entire United Arab Emirates to be a

welcoming and advantageous venue for their business investments.

Home to the largest trading port that connects the worlds different

primary economic regions, the UAE is understandably among the top

countries considered by Western companies when it comes to

establishing offshore ventures. With its offer of attractive investment

incentives such as a tax-free status and a hundred percent return

method upon business extermination, the country continues to be a

financial hub both regionally and globally.

Whether in Dubai, Abu Dhabi or any of the other emirates, the country

offers several methods of company formation. UAE Free Zones and their

growing number are a great attraction to foreign investors, for instance.

For a business setup option, they make it possible for foreigners to legally
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operate a business in the country without having to go into an

agreement with a UAE national. Ventures in the free zones can take the

shape of a Jebel Ali Free Zone Offshore company, a branch office of an

existing company, a Free Zoneestablishment, or a Free Zone

company. None of these require

UAE national shareholding.

If a foreign investor chooses to

partner up with a local entity,

his or her options include

starting a limited liabilitycompany and going into a

professional partnership. Those

with an existing company can also put up a federally registered

representative office, a federally registered branch, or a locally

registered branch office.

Whether partnering with a UAE national/UAE national-owned company

or not, foreign investors should be following the local protocols ofcompany formation. UAE specialists can help them in this regard; they

offer assistance in securing permits, licenses, and anything else that the

government requires for foreigners to operate a business in the country.

The general outlook in the UAE is extremely positive. Its wealth in oil

affords it economic stability and security, while its welcoming and

encouraging position on foreign investments offers a healthy,

comfortable, and attractive option for capitalists. Those who want totake advantage of this environment can have a great start by

approaching company formation specialists to assist them. Check out

this site www.linksgroup.com if you want to learn more about

company formation UAE.
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Prime Time For A Business Set Up Dubai Welcomes

Foreign Investors

Starting a company abroad entails much thought and planning.

Somehow, the prospect of failing in another country seems so much

more daunting. Right from the start, you need to set things up correctly

or youll have to face lots of unpleasantness and serious legal

ramifications from both your government and that of the country youve

chosen for business.

For those who are planning an

overseas business set up, Dubai is aclear favourite. The lure of the

emirate is such that, in spite of the

economic setback it experienced a

few years ago, foreign investors

kept on streaming in and cultivating

their interests there. Fortunately,

that financial fiasco is now over and

Dubai has emerged from it none the

worse for wear. In fact, it has wisely learned its lesson and is now raring

to continue to make up for any losses that interruption caused. Touted

as the largest port connecting the various regions of the world and

known for offering great investment incentives, its a great choice for a

business set up. Dubai is more than ready to assume a leading role in

global commerce.

To properly set up a company in Dubai, you have to find out every little

step in the UAEs company formation process and every little detail

regarding its requirements for foreigners to operate a business in the

country. As expected, you need to have ready all the necessary
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documents for getting a business license and registering with all the

pertinent agencies.

Its also important to note that most of the available ways for foreigners

to have a business in Dubai involve them partnering up with a UAEnational. Your options include putting up a federally registered branch or

representative office, taking up a professional partnership, or the most

common starting a limited liability company. If youre not keen on

having a partner, you can simply opt to operate within one of the UAEs

Free Zones. You can do this by creating a Free Zone entity, which may be

a branch office of your company, a Free Zone company, a Free Zone

establishment, or a Jebel Ali FreeZone Offshore company.

To help you go about the

intricacies of getting your

business set up, Dubai company

formation specialists

knowledgeable in local laws and

customs can take care of all thered tape and other hassles for

you. You can focus on the business aspect of your venture, confident in

the fact that an efficient professional is working to get you started on the

right foot. Check outwww.linksgroup.comfor more information.
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Identifying The Steps

Involved In Business Set

Up In Abu Dhabi

95% of the United Arab Emirates'

oil production comes from Abu

Dhabi. Worldwide, the emirate

boasts of 9% of proven oil

reserves. This has enabled Abu

Dhabi to successfully diversify into other sectors, with investments in the

industrial, tourism, retail and real estate sectors. Aside from being the

wealthiest emirate in the country, Abu Dhabi also holds the distinction

of owning the world's wealthiest sovereign fund.

As such, many investors are enticed by the idea of business set up in Abu

Dhabi. For its part, the local government has ensured that the whole

process is streamlined and transparent, with the necessary procedures

involved in establishing a business presence completed in just a matter

of days. But much like setting up a business in any other country, aninvestor should arm himself with the necessary knowledge about the

pertinent laws and regulations as well as the necessary procedures to

avoid confusion and other hassles associated with opening a business

venture.

The government has broken down the whole procedure of setting up a

business into six steps. First is determining what type of economic

activity the business wishes to engage in. As legal requirements andassociated fees vary from one type of business activity to another, it is

important to determine this aspect first to ensure that the necessary

requirements are prepared. Additionally, some activities have unique
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requirements like identifying the location of the business as well as the

total area to be used as the base of operations.

After this, the investor should know which legal form of business to use.

Rules and regulations vary from one form to another so determining theadvantages and disadvantages of each is of great importance.

After hurdling the first two steps, the investor may then proceed to

register the trade name of the business venture. This will be followed by

the processing for initial approval. The initial approval is a necessary

requirement for investors to get the approval of pertinent offices

including the General Directorate for Residency and Foreigners Affairs

(GDRFA). As the initial approval is being processed, investors mayproceed to rent a site for their businesses' operation. It is important to

note here that the proposed site is subject to the conditions and

specifications imposed by the Commercial Protection Division of the

Department of Economic Development (DED). This is to ensure that the

location is suitable to the type of activity a business wishes to engage in.

Once the initial approval has been obtained, it is time for the investor to

get the approval of the offices which have jurisdiction over the type of

activity he wishes to engage in as well as submit the necessary legal

requirements. In some types of activities, the investor needs to approach

only the DED.

After fulfilling the legal requirements and paying fees, a business license

is then issued. Another important thing investors should note is that

membership in the Abu Dhabi Chamber of Commerce and Industry is

mandatory for everyone doing business in the emirate. Click here to

learn more about business set up in Abu Dhabi.
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Overseas Company Formation: UAE Being One Of The Choice Countries