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We at Clever corp can simplify the process and make it a seamless journey to all our clients approaching us with their dream of Mainland company formation in Dubai

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10 Things You Need To Know about LLC company formation in Dubai

The LLC Company formation in Dubai is an independent business entity and it is the most common type of business in the UAE, that can be owned by several business holders. An LLC is flexible to choose any kind of business activity except insurance, banking, and investment. The investors of an LLC entity can obtain an investor's visa to acquire investor status in the UAE along with their family.

 One must be aware of the following things before Limited Liability Company registration in Dubai:

There is flexibility with the     limit of shareholders, with a minimum limit of 2 members and a maximum of     up to 50 members.

Being a flexible form of     entity, the formal shareholding pattern of the LLC company is-

49% for foreign shareholders

51% for local partners, i.e.     UAE sponsors

The cost of an LLC license     application in Dubai is quite reasonable which amounts to AED 17,000 to     AED 1,00,000 approximately, depending upon the nature of the business.

LLCs are required to set up in     the office spaces in Dubai and you have complete freedom to take on the     LLC office space anywhere throughout the UAE.

The  LLC is exempted from paying the standard     5% customs duty on imported goods.

The smooth and swift set up     process contributes to the popularity of setting up an LLC business, where     it takes less than 2 hours to get registered with the Dubai Department of     Economic Development.

The LLC entity provides the     opportunity to trade directly with the entire UAE market.

There are no restrictions on     the issuance of the number of visas as well as on real estate ownership

LLC companies are allowed to     perform business activities across diverse industries listed by the DED     such as construction, hospitality, manufacturing, agriculture and finance.

LLC can set up numerous branch     offices throughout the UAE market to expand their business.

 Tags: Mainland Company Formation in Dubai, Company Formation in Sharjah Free Zone, Setup Business in Free Zone

Website: https://theclevercorp.com/

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Do's and Don'ts of Setting Up Business in Dubai, UAE

It is widely known that the business setup services in UAE are the best in the entire world, such as availability of free zones, materials, manpower, an exemption in taxes, etc. If you are planning a business setup in Dubai, there are few sets of dos and don’ts that needs to be adhered to before starting the business. 

DO’s

1.      Built a contact with a local sponsor who is a UAE national for a smooth registration and licensing process. According to the rule the sponsor will own a 51% share of your business.

2.      Thoroughly do the research and create a strong network with the business set up consultants in Dubai.  

3.      Carefully choose your business license under the commercial, professional and industrial categories.

4.      Select a suitable location so that the customers can easily reach you.

5.      Choose a free zone for your business enterprise if you want to gain 100% ownership of your business.

DON’Ts

Do     not rely on a local sponsor merely on verbal information. Sign up with one     with proper legal agreements.

Do not open a bank     account without complete acknowledgement about the applicable bank     charges.

Do not set up your     business in a free zone just to obtain the entire ownership. Learn about     the pre-conditions so that your business is not troubled by the limitation     of the free zones.

Acquiring a     business license is quite simple in Dubai but do not select a license     without realising about the type of business activities are allowed to     carry under a particular licensing.

Do     not forget to get the investor’s visa, without which the UAE government     won't allow you to set up your business firm.

There are many more guidelines, but the above points are the basic policies, one should be conscious of before setting up a business firm in Dubai.

Tags: Mainland Company Formation in Dubai, Company Formation in Sharjah Free Zone

Website: https://theclevercorp.com/

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Freezone Company Registration in Dubai, UAE: Freezone Company setup allow individuals to own 100% stake of the company. We assist clients to shape and nurture their company setup in freezone. Contact Clever Corp for freezone company formation.

#LLC Company Formation in Dubai #Company Formation in Sharjah Free Zone

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What are the Essential Requirements for Mainland Company Formation or Registration in Dubai?

More and more businesses are looking to form companies in Dubai as the UAE offers some excellent benefits and infrastructure. If you are looking to set up a mainland company in Dubai, you’ll get the added advantage of a restriction-less opportunity to trade in the UAE local market as well as outside the UAE.

The required license will be issued by The Department of Economic Development (DED). The institutional support for company or business formation in Dubai is supported by the Dubai Chamber of Commerce & Industry, along with DED.

 The Important Documents Required: 

Trade name of the company

The activity of the company

 Ejari for the office space/ Tenancy contract

Initial Approval from licensing authority

Passport copy / Emirates ID of the managers,     shareholders, including the local sponsor.

Attested and Legalized Power of Attorney, if     the shareholders are not available in the UAE.

UAE visa holder’s no-objection certificate.

Legally translated Memorandum

Any special approvals for special activities.

Documents required in case of foreign companies:

Certificate of Registration of the company     duly attested and legalized by the UAE Embassy or Consulate in the country     of origin.

 The applicant company’s memorandum and     articles. 

Certificate of good standing of the company     duly attested and legalized by the UAE Embassy.

Board resolution calling for the establishment     of the new company in the UAE. Appointing Directors, Managers, and Legal     Representatives, duly legalized and attested by the UAE Embassy. 

Bank Reference letter 

Types of Mainland Licenses

According to the nature and type of your business, there can be different types of licenses issued:

Trade license: For the practice of any trading activities, including wholesale and retail trade in Dubai.

Industrial License: For those who choose to invest in practices involving discovering natural resources or transforming raw materials.

Professional License: For practicing any profession in Dubai which involves physical and mental efforts rather than cash capital.

 Tags: Business Setup in Dubai, Mainland Company Formation in Dubai, Setup Business in Free Zone

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Website: https://theclevercorp.com/

#Mainland Company Formation in Dubai #LLC Company Formation in Dubai #Freezone Company Registration in Dubai #Setup Business in Free Zone

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What are the Different Methods to Setup a Business in Dubai?

Once you have sorted all your legal requirements, starting a business in the UAE should not take you more than a week. The Department of Economic Development (DED) is the statutory body responsible for authorizing and providing the required licenses to businesses.

But for the legal formalities to be completed successfully, you need to consider these elements required in the process.  

Type of Business

The type of business you run will determine the kind of license you require. You may be requiring a commercial, professional, or industrial license, depending on your operations. 

 Ownership

If you’d like to possess 100% ownership of your company, you need to opt for a license in one of the free zones of the UAE. There are over 45 free zones in the UAE with each zone catering to specific types of activities. 

Legal Structure

Depending on the type of your business and also its location, there are rules regarding its make-up. For example, a legal consultancy firm can operate as a branch of a company or as a stand-alone company. A sole proprietorship does not have this activity as an option. 

 Trade Name

You need to set up a trading name of your company that should ideally reflect the nature of your company and business. 

 Share Capital

The Memorandum of Association of your proposed company usually contains the details about the minimum share capital. In most cases, it’s not required to pay minimum capital at the time of setting up. 

Employees

Most legal forms of DED require that you hire a manager to oversee the operations and have him ready to be on board before your registration is approved.

 Local Support

It is mandatory to have local agents, sponsors, or partners for DED licenses. The same is not mandatory in free zones, though having a local contact can help a lot in taking the business forward effectively. 

 Tags: Business Setup in Dubai, Mainland Company Formation in Dubai, Freezone Company Registration in Dubai

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Website: https://theclevercorp.com/

#Freezone Company Registration in Dubai #LLC Company Formation in Dubai #Mainland Company Formation in Dubai #business setup consultants in dubai

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LLC Company Formation in Duba: A Limited Liability Company (LLC) is the one of the major legal types of the business in UAE. Having an LLC company in Dubai, UAE requires a minimum of two and a maximum of 50 shareholders. Contact Clevercorp for Limited Liability Company Registration in Dubai, UAE.

#LLC Company Formation in Dubai

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Business Setup in Dubai Free Zones: Free zone provides the flexibility of 100% foreign ownership. We offer out and out professional services for any Dubai based free zone set up.

#Setup Business in Free Zone #Company Formation in Sharjah Free Zone #Freezone Company Registration in Dubai

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Mainland vs Free zone business set up in Dubai

      There is no other better city for setting up a business than Dubai. Enacting out your plans to setup a business in Dubai is, however, not a layman’s job. It has a detailed process bounded with legal formalities. You may find yourself in an ambivalent situation while researching the process of setting up your business in Dubai, but collaborating with a business setup agency would help you have an easier journey.

There are few things you need to think upon, i.e. choosing mainland or Free zone for your company setup location. At first, you need to what do Mainland and free zones mean when it comes in case of setting up a business in Dubai.

Dubai provides you with two types of location to build your business:

• Free zones:- There are many free zones scattered in this magnificent city for business setup. Free zone company set up in Dubai is quite common. A Freezone is a bare land which allows doing business by paying a special tax. It has certain customs rates and imports regime. Freezone company formation in Dubai has some restrictions too. You can only do business within the Freezone or outside the country. In fact, Freezones visas are valid for three years. These free zones offer 100% foreign company ownership giving a boost to international business in the region. You do not need to give out any shares from your business.

• Mainland:- Mainland company formation in Dubai allows you more freedom than free zones. A mainland company is basically an onshore company which needs to get licensed by the Department of Economic Development ( DED). It allows you to do business within the country as well as outside UAE without implementing any restrictions.  The employment visa you will get for a Mainland Company set up will be valid for two years unlike Free zones.

Tags: Freezone Company Registration in Dubai, Setup Business in Free Zone, Company Formation in Sharjah Free Zone

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Website: https://theclevercorp.com/

#Freezone Company Registration in Dubai #business setup consultants in dubai #LLC Company Formation in Dubai

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How to setup A Business/Company in Dubai

       The idea of setting up a company in Dubai stikes most entrepreneurs when they aspire for growth and expansion. The growth of the UAE’s development has always attracted businesses to the city. The city opens many doors for you when you consider a Business setup in Dubai. Among the other Emirates in UAE, Dubai provides the best shell to build a business of your dreams. Apart from its magnificent infrastructure, there are multiple other factors that make it an attractive option for a person who is willing to start up a business.

Most entrepreneurs dream of making their future in Dubai and so there are multiple Business setup partners in Dubai to help you with the process. But, it is very important to keep in mind that doing a business is not easy in Dubai. To start a business, you need a locally registered LLC done by any of the business setup consulting agency.  LLC Company formation in Dubai gets easier when you take help of the business setup consulting agencies as they perform all the required legal duties. 

The process is really simple and quick with strong incentives. It includes: 

  •You need to do a good research of the process before entering the process of business setup in Dubai.

 • Other than LLC, free zones are popular in the process of research before setting up a business. A good start to your business will definitely give you a steer and can help you to stabilize your future decisions. You need to open a bank account.

 • You need to take care of the incorporation paperwork.

 • The process of Visa is good to be discussed with any business setup consulting agencies as sometimes you need to put applications for your staff and their dependents too.

 Clever Corp is one such Business setup company in Dubai who get this entire process done without any major hustle on part of entrepreneurs. They have a very proficient team of experts who guide you through the entire process and make you route of business setup simple and unhindered.

Contact: [phone] or [phone] 

Youtube: https://youtu.be/FrlYEI6qTuA

Website: https://theclevercorp.com/

#UAE Dubai #Business Setup Services in Dubai #LLC Company Formation in Dubai