Legal Framework
- Understanding the legal requirements and regulations for setting up a business in Dubai
- Choosing the appropriate legal structure for the company, such as a Free Zone Company, Limited Liability Company (LLC), or Branch Office
Location Selection and Licensing
- Selecting the appropriate location for the business, such as within a free trade zone or in the mainland
- Applying for and obtaining the necessary business and operating licenses in accordance with the regulations of the Dubai
- Economic Department (DED) or the respective free trade zone authority
Company Structuring
- Developing a clear company structure and organizational strategy, including the designation of ownership shares, directors, and managers
- Establishing a corporate bank account and determining financing and capitalization strategies
- Tax Considerations
- Understanding local tax regulations and procedures in Dubai, including corporate taxes, Value Added Tax (VAT), and other levies
- Implementing a tax-efficient company structure while adhering to applicable laws and regulations
Immigration and Work Permits
- Applying for immigration and work permits for foreign employees and business owners in accordance with the regulations of the - General Directorate of Residency and Foreigners Affairs (GDRFA) and the Ministry of Human Resources and Emiratisation (MOHRE)
Accounting and Compliance
- Setting up an accounting system and ensuring compliance with local accounting standards and procedures
- Meeting annual reporting requirements and submitting financial statements in accordance with the regulations of the relevant authorities
Cultural Understanding and Networking
- Developing an understanding of the local business culture, traditions, and customs in Dubai
- Building a network of business partners, clients, and stakeholders to promote business growth and explore opportunities
Legal Disclaimer:
Proledger Solutions Services does not provide tax or legal advice. Such services are exclusively provided by licensed tax and legal firms within our network in Dubai.