The potential rewards of running your own business can be exciting, but it’s not for the faint-hearted. This is doubly so when you are foreign to the country and don’t have a citizenship or track record.
Even in the Emirates, which have one of the most liberal investment climates in the world, there are hurdles to be overcome. Here’s a list of considerations when setting up a business in the UAE, and reasons why we can help you with them.
Good Local Knowledge
The process of setting up a business in a foreign country can be complex and financially risky. You need an agent who has experience working in the region, contacts and knowledge of local culture – one who knows what would work best for your objectives.
Worldwide Formations has more than a decade of experience with company formations and is considered one of the pioneers in this field in the UAE. We’re authorized by the Government of the UAE to act as the agent for the seven prestigious Free Zones in the UAE.
Business Planning and Strategy
Before investing your time and resources, make a comprehensive business plan which includes the market conditions, competition, investment sources and forecast results. This needs deep research into the sector you plan to operate in.
Showing a credible business plan will make the process easier and attract support. Worldwide Formations sources the best professional partners to help create exhaustive business strategies for our clients.
Legal Documentation and Formalities
Whether you’re opening a branch office or a new enterprise, it’s important to hire a good lawyer who will guide you through the registration complexities.
Worldwide Formations has an unrivalled team of experienced legal partners to help you protect your interests in the region, and guide you through paperwork including legal documentation such as preparation of Memorandum, Articles of Association, etc.
Office Structure Setup
Once registration is over it’s time to get down to business. Worldwide Formations eases the process of transition into a fully-operational concern, with our extended business services for clients. This includes:
- Visa procurement
- Opening bank accounts
- Virtual office facility
- Accounting and auditing services
- Company management services for sales, marketing, finance and HR
With the right partner, growing your business in a foreign region is a piece of cake. If you need a dedicated agent that offers complete professional solutions for registering a company in the UAE, get in touch today.
“I have been very impressed with the speed and quality of work that WorldWide Formations have done for us. Their professionalism has been reassuring and their advice has been extremely useful. I am very happy with my choice of company formation provider, and would recommend them to others.”
– Sheen Zhao
Partner, Baker Tilly Meralis Auditing