So you’ve decided to take the leap and set up a business in Dubai. There’s a world of opportunity waiting for you, and company formation in Dubai is incredibly investor-friendly with minimal paperwork and single-window clearance. However, going through bureaucratic and legal hurdles is an energy-consuming process which can distract you from your core business, so using the services of an agent is highly recommended.
Below is a checklist of items to consider when choosing an agent:
Many business owners choose to register their companies in Free Zones, which are special economic zones with tax benefits. There are more than twenty Free Zones in Dubai alone, including Dubai Airport Free Zone (DAFZ), Dubai Silicon Oasis (DSO), and Dubai Gold and Diamond Park.
Choose an agent that has been registered and authorized by the Government of Dubai to act as an intermediary between the Free Zones and business investors. This should be stated clearly on their website, along with a list of Free Zones for which they have authorization.
Expertise in Different Types of Company Formation
When registering your business, you have to identify the type of business, its objectives, and activities that will be carried out in its day-to-day operations. Based on this you may choose to set up your company in a Free Zone, incorporate it offshore, or set up a virtual office at a prestigious address in Dubai.
Your agent should have proven experience and expertise in these types of company formation. Go through their customer testimonials. Industry recognition is a bonus.
Expertise in Different Areas of Company Formation
Developing a business plan, selecting the right location, submitting the application forms, procuring approvals from different regulatory bodies, licensing, registration, payment, documentation, dealing with the paperwork is a daunting mission.
Your agency should know their way around these areas. They must have the know-how to ease your way toward owning and operating your company in Dubai with minimum hassle.
Extended Business Services
Work starts after the paperwork is over – there are visas to be procured, bank accounts to be opened, offices to be set up, and auditing to be done. The hassles of managing support services during the transition phase can be incredibly stressful.
The agent must provide business assistance that will ease the newly-registered company’s transition into a fully operative concern, including business planning, accounts, financing, management, and HR.
These all boil down to one goal: to make the process of setting up a company in Dubai as smooth and seamless as possible. Always consult this checklist when reviewing company formation agents in Dubai.