Tag: llc company formation in Dubai

DUBAI EXPO 2020- A WINDOW OF OPPORTUNITY

DUBAI EXPO 2020- A WINDOW OF OPPORTUNITYDubai is getting set to play host to the world between 20 October 2020 and 21 April 2021. These dates mark the start and end of the Dubai Expo 2020 – an extravagant event that will serve as a confluence of ideas and expected to be attended by 25 to 30 million people from around the globe 70% of which will be innovators and investors from over 180 countries.

What is Expo?

It is a global destination for millions of people to share ideas, showcase innovation, encourage collaboration and celebrate human ingenuity. They are organised every five years and last for six months.

The first World Expo was held in 1851 at London’s Crystal Palace and was known as The Great Exhibition of the Works of Industry of All Nations. It displayed about 100,00 objects showcasing the inventions from the industrial revolution.That was called the Great Exhibition of London and showcased the innovations and inventions of the industrial revolution.

The Dubai Expo 2020 is organised by BIE (Bureau International des Expositions), a global intergovernmental organisation in charge of overseeing and regulating World Expos, since 1931.

 

The Expo 202o offers a unique opportunity for those considering company setup in Dubai. This is the first expo that will be hosted by the Middle East, North Africa and South Asia and the infrastructure added by it is predicted to add 1.5% to Dubai’s GDP over a 6 year timel

Opportunities Everywhere

Many global economic experts predict that nearly three hundred thousand new jobs will be created in Dubai by the time the Expo opens up for the world, with 90% of the jobs being created from 2018 to 2020. This simply means a massive increase business opportunities in Dubai in the following sectors:

➔ Skilled and unskilled labour – The Expo is expected to have a cascading effect on the job market, and human resource business opportunities on all sectors are expected to rise in tandem.

➔ Real estate – The massive influx of people into Dubai is expected to cause an exponential boom for the established names in the construction business. The massive demand is also expected to pave the way for many new entrants in this sector.

➔ Services – Service field businesses such as travel agents, legal advisors, and law firms such as legal consultants for company formation in Dubai as well as medical practitioners and hospitals will continue to be in demand.

There might not be a better time to start planning for business setup in Dubai than just before the Expo 2020.

 

The Boom During The Expo

Some of the businesses expected to have improved opportunities during the Expo are:

★ Printing and packaging – The Expo is expected to place an increased demand on supplementary businesses like the printing and packaging industry resulting in phenomenal growth during the Expo period.

★ Media and advertising – All kinds of advertising and media operations will see a massive boom during the Expo.

★ Hospitality – The unparalleled number of visitors will fuel a tremendous growth in the hospitality industry.

★ Travel Agency – The high number of foreign visitors will provide a massive opportunity for the travel agents of UAE.

 

The Expo 2020 is also expected to act as spur for the tourism industry. The many Small and Medium Enterprises (SMEs) in Information Technology can use this as an opportunity to popularise an idea they have or a bring in a new application that could potentially lead to its mass adoption. Artists and designers will be able to showcase their collection to a very diverse market. Freelancers like writers, software developers, gamers will be able to find new collaborations. Expo 2020 will generate at least a million jobs indirectly.

 

The Boom After The Expo

 

Long after the Expo is over it will continue to feed Dubai’s economy, several new projects commissioned during the Expo will find completion and those sectors that will continue to receive the results:

  • Human resource services – Many cutting edge companies and enterprises visiting Dubai will choose to stay back and initiate their business operations in UAE. This opens an opportunity in the Human Resource Sector to supply the required resources for these industries.
  • Construction – The large scale infrastructure projects will provide a spike in Dubai’s construction sector as well as create additional metros, roads, power plants and lead to the reclaiming of land for development.
  • Energy & Water – The demand for energy and water will increase rapidly due to the increased business opportunities.

 

With the theme of “Connecting Minds, Creating The Future” Dubai Expo 2020 pays homage to the strategic location of Dubai as the ideal connector between East and West. Dubai Expo fosters an ideal environment for entrepreneurs all around the world to collaborate and come up with new ideas to make the world a better place.

 

International companies looking to set up a business in Dubai ahead of 2020 are urged to seek assistance from a local company formation expert with relevant knowledge and experience of company formation in Dubai and its many Free Zones. Make the most of this chance and start your company in Dubai to become a part of the success story of the Expo.

 

Get in touch with  an established business setup consultant in Dubai who can help you obtain requisite permits and permissions for any venture you are interested in launching in Dubai. Most well-known agencies provide company setup in Dubai mainland as wellnes.

For more details  visit:                                                                                                                          http://www.namaccountants.com/company-formation.html                                                                                                  or                                                                                                                                 contact  : +971-558876440

 

Strategic Business Plan for Offshore Company Formation

A determined entrepreneur must have a concrete business plan. With it, an entrepreneur knows the potential challenges in the business and providing effective business solutions. And, whenever you struggle in running your business, there is an overall direction and plan in place to follow or refer back.For startups, it is always helpful to have a company formation expert with relevant experience in strategic business planning working alongside you. They can help start your business on a positive note by recommending the most appropriate jurisdiction.

So read on. And, know the benefits of getting a formation agency with the knowledge in effective strategic plans.

 We can suggest you the best offshore registration suitable for your business and can also help you through all the legal complications that can occur in the offshore registration process.

A strategic business plan is essential for offshore company startups. Know the benefits getting a company formation agent with strategic planning skills.

Why Consult a Company Formation Agent for a Strategic Business Plan

Strategic planning can be an effective process in putting a new company abroad. Before registering a business offshore, make sure you also have better business solutions to help you in managing your company.

Always bear in mind that besides foreign companies, it is also important to consider local businesses. So, by tapping on a reliable formation specialist, you can come up with an effective business strategy. This will enable your business to outshine your competitors once you start business activities.

Now, how can you find an agent to help you create an effective strategic plan for your offshore business? Well, this guide will help you choose the right expert for your business needs.

Choosing a Company Formation Agent for Startup Business Plan Solutions

A reliable formation agency is not the only expert in registering a company. They also have the skills to provide effective business solutions, especially for offshore business startups.

Here are the top three qualities of a formation specialist that startups should look out:

Professional Knowledge and Expertise

This is the best quality of a company formation expert. They are fully aware of the local laws of the land. They know the trend and business condition of a particular jurisdiction. So, that makes them a perfect candidate to become a consultant for strategic business plan solutions.

Facilitation Skills

Since they have the knowledge and expertise in the laws and governing policies, they can easily guide you the different process of setting up a company abroad. Thus, a formation expert can immediately identify an issue and provides quick solutions.

Experience

Company formation agents have gone through the same experience as yours. Their actual experiences and interaction with the locals have honed them to become a specialist in helping entrepreneurs set up a new company. What’s more, they can easily help you find the right individuals for your corporate needs.

Get Offshoring Right With A Trusted Formation Agency

Clearly, starting a new business abroad is not all about earning more profits outside your location. It is also about providing the right product and/or service of a certain jurisdiction.

It may sound cliché. But, it would be ideal to have a strategic plan first before putting up an offshore company. So, tap on to the most trusted formation agency today.

 

Company formation in Dubai

Company Formation 

Company formation is the process of legally incorporating a business as a limited company or LLP at Companies House. Upon formation, a company becomes a legal individual with its own rights, responsibilities and liabilities.The process is also referred to as ‘company incorporation’ and ‘company registration’.

When you incorporate a limited company, it becomes an individual ‘person’ in the eyes of the law. Incorporated businesses are completely separate from their owners in terms of finances, liabilities, contractual agreements, and ownership of property and assets.

 

How easy is it to register a company in Dubai?

In most cases, the Dubai Company Act requires a foreign investor to have a local partner who will own the majority interest. The only places investors may incorporate fully foreign owned companies are the Dubai free zones. The company registration requiremts will be different from case to case because of the type of company one chooses to open in Dubai. According to the Company Law, investors may set up the following types of companies in Dubai:

  • – limited liability companies,
  • – private and public joint stock companies,
  • – partnerships,
  •  branch offices,
  • – subsidiaries,
  • – free zone limited liability companies,
  • – free zone establishments.

For those seeking a simpler form of doing business in Dubai, the sole proprietorship could be an appropriate choice. Depending on the selected type of company and licensing requirements, the registration procedure with the Dubai Companies Registration Office will take several days.

 

Points to be kept in mind before incorporating a business.

  1.  Select a local sponsor, a UAE national for local business startupThere are plenty of business opportunities available in Dubai, as well as in the other Emirates of UAE. However, if you really want to start a business which must exploit the potential of Dubai then you need a locally registered LLC business.

    A UAE national must be taken as a 51% partner who is called a local ‘sponsor’. A local company provides the freedom to locate the business anywhere in the city. For a business startup in Dubai, this is a boon because it affords the best choice of locations to suit your budget.

  2. Select a Free Zone if you wish to own your business 100  Free zone Company in Dubai, UAE                Keep in mind that the only way for a business startup in UAE to start without taking a UAE national acting as your partner is to locate your business in one of the Free Zones.For a business startup, Free Zones offer three great advantages
    • 100% ownership
    • Speedy startup
    • Duty-Free customs boundary.
  3. Select a Location that optimizes suitability, convenience, and costs.  You need to set up your business in an area that is most profitable for your business or most convenient to your business. If you are planning a Free Zone company then you must make the selection based upon the criteria of distance, costs and if it is suitable for your product, business model, and trade requirements.
  4.  Confirm your Visa eligibility and requirementFor a business startup in the UAE, a visa permitting you and employees to live in UAE is essential to run your business.

    Visas are allowed for almost all businesses.

    However, their number varies according to a variety of criteria such as the size of the office, nature of the business, the category of the employee or the investor.

  5. Hire a registration agent to take you through the process of business startupHiring a business advisory firm to register your business startup may be your best option.A company registration agent will do many things for you:
    • Advise you on the right license and jurisdiction that meets your objectives
    • Prepare documents including legal documents
      – Company registration (Package)
      – Visas
      – Amendments
      – POA
      – BOD resolutions
    • Submit physically to banks, authorities
    • Monitor completion of jobs
    • Help you open a bank account
    • Facilitate and solve problems with your bank, legal issues, your jurisdiction
    • Trust and fiduciary services
    • Act on behalf of clients
      Accounting & Bookkeeping
      – Nominee
      – Bank operation in a limited way on instructions
      – Signatory
      – Manager                                                                                                                                        Simply put, a company incorporation agent will help you to maneuver through the legalities involved in starting a new business in the United Arab Emirates.                                                               visit:                                                                                                                                  http://www.namaccountants.com                                                                                                  or                                                                                                               contact us : +971-558876440