United Arab Emirates are growing faster than any major developed economy. It is said that within year 2014 to 2020, annualized growth rates is expected to be 5.5 percent. More so, the population of expats is expected to expand.
The country also provides better opportunities than mature markets. There are no currency controls, and there is exposure to the GCC market.
Business Setup in Dubai
Planning to register a new business firm in United Arab Emirates? Then, be ready for some legal and bureaucratic hurdles along the way. The procedures, time and cost involved in setting up a company can be an overwhelming task.
Entrepreneurs need to go to the Department of Economic Development (DED), which is the government agency responsible for issuing business licenses for Dubai. The department operates from several locations delivering the licensing services.
But – there’s a way for entrepreneurs to make the process easier.
Austria Business Center can help businesses take all the hassle and stress out of the licensing process. Austria Business Center can navigate through the legalities of start-ups, whether it’s a small company or a large corporate enterprise.
Here’s a glimpse on the procedures of setting up a business in Dubai.
Entrepreneurs have to reserve a company name, and apply for registration at the Department of Economic Development (DED). The process entails obtaining preliminary approvals from the Licensing Section of DED on the business activities, trade name, and identity of partners.
Next, entrepreneurs have to notarize the company’s Memorandum of Association at, through the Dubai Courts wherein his lawyer must get a preliminary approval from the notary beforehand.
Provided the trade license is obtained and the fees are paid, entrepreneurs should go to the Ministry of Labor to apply for an establishment card.
If a new company has native workers, they must be registered with the Ministry of Labor. The registration process also requires the submission of their updated salary certificates or labor contracts.
The process can take days, which means your newly formed company won’t be able to begin its operations. Of course, you won’t be able to avoid queues, government bureaucracy, and evolving rules and regulations.
That’s where Austria Business Center can help.
One Stop-Shop Solution through Austria Business Center
Get valuable insights into the common pitfalls of start-ups. Now, you don’t have to wait in line or wait for days to get answers.
With a highly professional team of experts, Austria Business Center can take care of the above mentioned aspects, so you can focus on your business instead.
With their years of expertise, and strong relationships with the relevant government authorities, ABC can have you legally ready to work within hours.
They negotiate and complete all necessary legal paperwork
> They can handle and issue Dubai Economic Department (DED) licenses
> Expect a rapid business set up
> Setting up your company will be convenient, without all the lengthy procedures. You can rely on ABC’s legal advisors to oversee everything that needs to be done.