WHY INVEST IN UAE
7 emirates (Dubai, Sharjah, Abu Dhabi, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain) come together to form a federation of what is called The United Arab Emirates or simply, the UAE. Together these 7 emirates make the UAE a diverse gulf economy, the center of which is the Gulf Cooperation Council.
UAE has always been a country relying heavily on exporting its oil reserves. Today, it has also turned its steps to enhance its GDP from not just dealing with its abundant oil reserves, but also trade, commerce and tourism. UAE today has become one of the major hubs to transact your business in. It has attracted all tourists and entrepreneurs alike.
How did this come about?
All thanks to the changes that have been made in the UAE economic policies. The UAE economic policies have been flexible and friendlier.
Why should you set up your business in the UAE?
As a developed economy, the UAE has been offering people what they want for over three decades. The environment has become more and more favorable for all kinds of investors. What has attracted them the most is the flexible economic policies, infrastructure, amenities, and quality in financial services to the diverse range of investors alike. UAE doesn’t differentiate between people on the basis of their race or the country they belong too, it welcomes you, it nurtures you and your ambitions and it gives you the platform to grow further.
Company Formation and its procedure
Impressive Companies Representation is well versed in all the legal aspects related to the formation of a company in the Federation of UAE. You can simply seek our help and get your journey started in the paradise where people dream of living. We will help you with everything, from rules and regulations to permits, grants and all the licensing.
A company in the UAE can be formed in three categories – A free zone company, a mainland company, and an offshore company.
The procedure
- You simply have to look out for a sponsor for setting up your business in the UAE. This sponsor is going to act as a service agent for you. This service agent is going to help you decide all the economic activities that are going to take place along with helping you with every legal form.
- Once this is done, your agent is going to help you register your company, legally, with the Department of Economic Development.
- After your documentation is completed and approved by the Department, you can obtain your license to trade. Along with this license you should also get your Memorandum notarized.
- After all of this you should look forward to registering your trade name and applying for an Establishment Card at the same time.
- You are now ready to obtain all the approvals and sign the Memorandum and lease documents.
- Once the lease documents are signed and notarized, you are now ready to obtain location approvals. Your location will also be inspected by the local Municipality at this point of time.
- After the approvals and inspections, you are supposed to get your payment voucher issued and paying the license fee.
- The last step is to get the necessary approvals from the Name Board and the Ministry of Labour to get you started. You can now begin functioning, hiring employees and venture into the world of business here in the UAE.
Documents Needed
- Photocopies of your passport, your visa, a No-Objection Certificate, residential proofs, National ID Proof and ownership certificate.
- A certified copy of your tenancy contract
- Approved documents from the Department of Legal Affairs
- Approvals from the Ministry and other Government Organisations.
- Certified partnership contract
- Trade Name Certificate
- Visa stamped by the Immigration Department
Business Services
- Corporate incorporation
- Corporate registration
- Branch office set up
- PRO services
- Accounting and bookkeeping
- Tax Consultancy and Auditing services
- VAT Registration
- Legal consultation
- Intellectual property protection
