Traditionally, before a foreign investor can acquire a mainland license for doing business in Dubai, a local sponsor should be present as part of the requirements. Local sponsors, or as others called, local service agents, are an Emirati national or a corporate entity who holds 51% of the company’s share. This rule only applies to all foreign investors who wish to set up their company in the mainland of UAE and, in most cases, those who conduct commercial, industrial, and trading activities in the UAE. However, those who hold a professional services license are exempted from this rule. Looking for a local sponsor to set up a business in Dubai can be tedious work. In fact, there are different types of local sponsors that you should know about before looking for one, and the types will depend on the business activities you wish to undertake. The types of local sponsorship includes:
Choosing the right local sponsor for your company must be overwhelming since you have to find a trustworthy person or a company to entrust your business’ stake. Good thing IBG Consulting offers business setup services in Dubai, including finding your local sponsor or being your local service agent. You can see below the sponsorship fees of IBG to give you an idea of how much you need to prepare in acquiring a local sponsor in the Dubai business setup. Sponsor Type Individual Sponsorship= AED 6,000 Corporate Sponsorship= Starts from AED 10,000 Since a local sponsor is crucial to the business's future success, experts from IBG Consulting will help you strategize on what type of local sponsor is suitable for your business. At IBG, we can help you avoid jumping into an agreement with a local partner without proper research and considerations. We provide exceptional and professional PRO agents and consultants to help you gain access to the best and most reliable sponsors in town, giving you worry and hassle-free incorporation. We do not just settle for providing the best service provider but also being a sustainable partner to our clients. Feel free to contact us if you are looking for a local sponsor or visit our website for our service.
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Foreign investors who are new to the UAE often do not have enough resources especially knowledge, and local market expertise required to setup a business in the UAE. Consequently, Businessmen and entrepreneurs look for business consultants to make up for the fields they lack. Locally experienced consultants provide valuable information; market proved advice, plans, and strategies needed to introduce the business into the market.
Hiring a business setup consultant can be a cost-effective and ideal step, learn how to make it one way for your businesses to leverage on-market knowledge. Look for: Experience Experience is probably the most important factor to consider before hiring a Dubai company formation consultant. With experience, they know the rules, the regulations, the market trends and they would give you the best advice. Cost-effectiveness Do not burden the budget with an overpriced consulting firm. Consultancy for company setup in Dubai is in different packages and prices choose the most suitable one but do not choose cheap over quality. Portfolio Word of mouth is a golden rank guarantee. Actions speak louder than words, you should ask to view their past work and successful ventures. It is not only their reputation but credibility measured as well. Goal-oriented Setting expectations is a professional practice. Clearly define your goals to them and ask them if they can achieve your predetermined goals in mannerly timeframe. Business Feasibility A professional business setup consultant should already have an agreement that contains details about cost structure, end goals, key performance indicators, and deadlines of the tasks. IBG consultants are available with a complete set of skills and tools to cater hassle free and worry free gold rank consultancy for all company setup solutions in the UAE. One-step at a time and it all begins today. Get in touch with our consultants. We do it the best! Making the decision to setup a company in Dubai Freezone is one of the best decisions ever taken. The benefits of such decision are many and tempting. Enjoying facilitated process, state of the art infrastructure with modern technology, and tax exemption up to 100% and foreign ownership up to 100% of the business. Moreover, 100% repatriation of capital and profits, and exclusion from all import and export duties. This sounds absolutely promising, in addition to, complete support from the respective designated jurisdiction or authority.
Trying to get an estimate to setup a company in one of Dubai Free zones, require understanding that, Dubai Government alters the setup cost every once in a while. So making the cost or the fees of the setup a fixed amount is highly unlikely. Therefore, it requires having an experienced consultant that is always well informed with the most recent changes. Dubai is the modern times business hub of the world and the region, a fact that encourages many investors and entrepreneurs to setup their businesses on its lands, or setup a branch to guarantee their existence in the region with access to Asia, Africa, and Europe. The setup cost changing factors may include but not limit to:
IBG stalwart experts and professional consultants facilitate the entire process, break down the expenses, and help you make the best decisions for the freezone business setup in Dubai. Let’s choose the most suitable freezone for the desired business activity and get started today. Call us or visit our website. The Emirate of Fujairah is located on the eastern side of the UAE, along the Gulf of Oman and the Indian Ocean, unlike the other six emirates along the Arabian Gulf with a great proximity to international shipping routes, via any of its three Ports and an international airport. Moreover, the less than 2 hours two neighboring Airports of Ajman and Ras Al-Khaimah are also accessible.
Fujairah free zone visa cost varies based on many factors, though the license will be issued within a maximum of 48 hours upon final agreement on the terms and conditions of the contract and the fulfilling of the first year's financial commitments not to mention the completion of the notarized needed documents. The factors that would change the cost of the free zone visa in Fujairah are:
Dubai is a bustling hub for companies coming from all over the world with the purpose of establishing a strong business presence. Since Dubai readily promotes trade and commerce, there are endlessly lucrative benefits of conducting business there. When it comes to establishing a business front in Dubai, the Limited Liability Company (LLC) structure is usually adopted. The LLC can be started with a bare minimum of 2 and at most 50 shareholders with their liability restricted to their shares and assets in the business itself. Since the government and laws facilitate LLC company setup in Dubai, it is easily established, conforms with rules and regulations by default and can avail from government help in certain areas as well. Why Establish LLC Company Setup in Dubai? LLC company registration is encouraged and supported by the Dubai rules and regulations, which also offer specialized support, incentives and even tax exemptions. Moreover, it grants the owner maximum legal ownership of 49%, with the remainder being held by a local agent. LLCs only exact liability from the declared business assets and shares, which can be very helpful in cases of legal accountability. The infrastructure can be modified extensively, which makes it perfect for almost any business. Since the LLC company setup in Dubai is easy and beneficial for all stakeholders involved and conforms with local laws, it is widely accepted and deployed by numerous businesses. Benefits of LLC in Dubai Following are the strongest points which convince even business tycoons to opt for LLC company registration in Dubai:
Choosing the correct type of company formation in Dubai requires a great deal of thought if the venture has to prosper. Here are some simple facts about LLC and C-Corp investors and businesses need to consider before making their decision.
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June 2019
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