Business Setup Overview
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Overview
DIFC Foundation
DIFC Prescribed Company
For UK entrepreneurs, Dubai offers a robust platform to set up professional sole establishments and civil companies. These activities are designed to meet specific business needs, providing a structured framework for success in the UAE market. Below are the key points to consider:
Professional companies follow specific guidelines. The emirate has rules that guide the conduct of companies. For instance, professional service providers can only apply for specific trade licenses. Also, the government monitors the service provider marketing tools and websites to advertise or advertise content to ensure compliance.
There is a minimum share capital requirement. The UAE requires that all shareholders have educational qualifications and follow the right procedures for company formation in Dubai and other emirates.
The minimum popular among foreign investors. Professional services have become a popular choice for foreign investors, including UK businesses, due to the flexibility and growth opportunities in Dubai.
Services companies have opened branches in Dubai and other emirates. Many UK-based service companies, such as legal, consultancy, and accounting firms, have established branches to cater to the growing market demand.
A UAE national acts as a local service agent. A UAE national designated as a civil company local service agent is mandatory for UK entrepreneurs setting up a mainland company.
There is minimum share capital requirement. Shareholders must have relevant experience and reliable certificates for a civil company setup in Dubai.
A company or a shareholder to the professional company can be formed. UK entrepreneurs can partner with a local entity or individual in Dubai or another emirate.
Some of the fields in professional companies include management consultancy, IT consultancy, administrative services, legal services, and accounting. These sectors are ideal for UK professionals looking to expand into Dubai.
The shareholder of a mainland professional company is eligible to get a residence visa for 3 years and can also sponsor family members. This benefit attracts UK business owners seeking long-term residency.
Any number of employees can be recruited in LLC subject to fulfilling requirements from the Labour Department. Flexibility in hiring makes it appealing for UK firms planning to scale operations.