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Business Opportunities In Dubai

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Business Opportunities in Dubai
The UAE represent for foreign companies the door to a market with a huge potential growing.
In the UAE, economic activity is regulated by the federal government and individual emirates. The authorities in Dubai have created a well-organized ambience and not too restrictive. The operating conditions for business are among the most liberal and attractive in the region. Thanks to a well-established policy of incentives for the creation of free zones, the UAE is considered a tax haven for the eastern "free zones" or free trade areas (FTA) within which investors enjoy several advantages:
• the establishment of companies with 100% foreign capital
• the total tax exemption for imports and exports
• the total repatriation …show more content…

Dubai therefore comes as a gateway to the world and is the ideal destination and profitable for the setting up of an activity or a possible opening of a branch. To start a business in Dubai, as well as in the other Emirates, you must obtain a specific license. The categories of licenses are: commercial, industrial and professional. In the emirate of Dubai is the Dubai Department of Economic Development issuing such licenses (except those related to tourism, which are issued by the Department of Tourism and Commerce Marketing). In addition, under the rules established by the government of Dubai, a fundamental requirement for the creation of any business that is at least 51% of participation in such activity is attributable to citizens of the United Arab …show more content…

The limited liability company may be formed by a minimum of two to a maximum of 50 persons whose liability is limited to the value of shares held. In Dubai, the minimum capital required is 300,000 dirham (€ 63,000.00 approx). Although foreign ownership can not exceed 49%, the distribution of profits and losses can be set differently on the basis of shareholder agreements. The responsibility for the management of a limited liability company may be entrusted to the member UAE, to that foreigner or to a third party. The steps needed to form a Limited Liability Company in Dubai are:
-Select a commercial name for the company and have it approved by the Licensing Department of the Department of Economic Development
-Draw up the Memorandum of Association of the company and obtain notarized by a notary public at the court of Dubai
-Obtain approval of the department for economic development and apply for entry in the Commercial Register
-Once approved, the company will be registered in the Commercial Register and have the publication of its Memorandum of Association in the Bulletin of the Ministry of Economy and Trade
-The license is issued by the Department of Economic Development. The company will be registered with the Chamber of Commerce and Industry of Dubai.

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