Company formation in Dubai is fast turning into one of the most popular international business formation methods and popularizing in countries around the globe. This new business trend is being driven by new laws and rules that are becoming more effective. You too can benefit from these rules by starting up your own Company in Dubai. Starting up a Company in Dubai is very easy as you just need to follow certain procedures and standards that are being applied by the Government of Dubai. The measures have been taken with the aim to make the procedure easy for offshore investors and businessmen alike.
Companies formation in Dubai has become easier and more convenient with the introduction of the new Companies laws by the Government of Dubai. Minimum share capital requirement, registration fees and other formalities have been reduced considerably. Registration and corporate taxes are now done at an efficient cost and affordable value to the investors. Starting up a Company in Dubai from scratch has become even easier with the introduction of the new company's law.
LLC Company formation in Dubai is now possible with the introduction of the new Company Formation Process, which is the Electronic Registration of Companies (e registrations). Previously, Companies were only registered at the Companies House under the Companies Act of UK. The Companies House itself has several flaws and defects that make it unsuitable for business formation in Dubai. The Companies House charges a lot of administrative fees in addition to the registration fee for the company. This makes formation in Dubai quite expensive and not a viable option for most of the small businesses.
Companies formation in Dubai under the new 8-step process called "Niltex" has become easier and more popular. First you need to find an authorized business counselor who can help you in establishing your business. The next step is to fill in an Application Form and submit to the concerned department for the Registration of Company. The Registration of Company is done with the concerned Middle East Trade Board. The Company Formation in Dubai is then approved by the Ministry of Business and Commercial Activities.
The Companies House in Dubai may contact you for more information. You should give them all the relevant information so that the registration of the company can be done without any hassles. Company formation in Dubai can take a maximum of three months. The capital requirement will depend on the business size. You may contact the appropriate officials for further requirements and information. The procedures for company incorporation in Dubai may vary from one region or country to another.
Company formation in Dubai may also include foreign ownership of shares and ownership in the company. This means that foreigners have a large potential to increase the value of their wealth in the country. Foreign ownership of company shares can increase the offshore wealth of the people who have made investments in UAE properties. The ownership of companies with foreign investment is very much possible in the country, but this should be done through proper channels.
Company formation in Dubai may not be possible without the existence of the various legal documents required for the operation of the business. The legal documents include the Articles of Association of the Company, the Memorandum and the Articles of Organization. You should check whether you are required to have a business license and the laws of the country where you are doing business. The Company formation in Dubai requires that all the partners in the business are residents of the emirate. The minimum share capital amount is three per cent, which is considered to be a minimum condition for a safe and secure business in Dubai.
You can take help from a formation consultancy agency for getting information about the formation process in Dubai. They will provide you with all the details that you need about the formation process and the necessary documents that are needed for the functioning of the business. Company formation in Dubai can prove to be beneficial for you as long as you are able to follow the stipulated regulations and guidelines. Taking professional help from an experienced formation consultancy firm can help you save time, money and ensure that the formation procedure is smooth and hassle-free. You can also save a great deal of effort by keeping your personal details and other essential information confidential.