Starting a Business in Dubai

Legal business Structures

Opening a business in Dubai, UAE, should not take you quite a week once you’ve arranged all your legal procedures. The guidelines and policy for each of these vary consequently and the categorization depends on the proprietary rights of the firm. If you are a foreign national, you might need to go for a Dubai Free zone Company Setup license, if you need 100% ownership of your business. However, before you begin your legal formalities, you would like to think about some components required in the process are:

Sole Ownership 

A sole ownership organization is a legal entity managed and owned by one person. She/he will be in complete control over the management and profits, although being 100 % liable for the business’s debts or the other monetary obligations.

Things to understand

• A business or trade kind sole ownership can be held only by UAE or GCC nationals.
• The proprietor of a consultancy kind of sole ownership should have a logical aptitude for the activity preferred.
• A sole ownership organization can have just a single director.
• The trade name must be associated with nature the business.
• Sole ownership has no least condition for business capital.
• The Company Setup Dubai and its branches can be sold but the business or trade type of company can only be sold to UAE or GCC nationals.
• Sole ownership will have branches, which might complete all activities integrated with a license of the parent organization.

Joint Venture Company

The proprietorship is shared by at least of two partners who fall into one general partner and one limited partner type.

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