overseas company formation: uae being one of the choice countries
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COPYRIGHT 2013
The Links Group:
Your Best Solution For
UAE Company Formation
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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
11
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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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