The United Arab Emirates has been known as the number one destination for foreign investors when they think of setting up businesses in this land!

Because it provides them with a fertile environment for the growth and prosperity of commercial projects!

But it imposes on them in the beginning a set of legal conditions that consume time and effort.

Therefore, everyone is advised that the founder of the company deals with companies specialized in providing legal services for business setup!

Except that the competent company avoids the investor with fines and penalties in case he erred in any of the procedures, and the most important matters are:

  • Adherence to the agreements and conditions contained in the Companies Law in the UAE, and never underestimate any condition.
  • Adhering to the conditions of the local sponsor and preserving his rights of shares, which is a prerequisite for establishing a company in the UAE.
  • Full knowledge of the tax law, and the drafting of financial records, and this is one of the most important steps that you will definitely need to seek the assistance of experts in.
  • Correctly extracting the commercial license will help you avoid extra fines.

The company responsible for business setup undertakes these steps:

1- Determining the nature of the activity

2- Determining the legal form

3- Trade name registration

4- Requesting for initial approval

5- Memorandum of Association and Local Service Agent Agreement

6- Choosing the location or address of the business

7- Obtaining additional government approvals

8- Submitting documents and paying fees

The investor can come and find his project legally established, ready with a dedicated office, and start his pioneering career.

And Fikra Company for business setup in the United Arab Emirates specializes in securing the legal conditions, the right place for the activity, and also sponsoring the marketing of your project!

Contact us now for more details:

Email: Desk@fkr.ae

Tel: +971 4 523 5100

related news & insights.

  • March 28, 2022||Fikra||1.4 min||

    What Do You Know About Artificial Intelligence?

  • March 21, 2022||Fikra||1.2 min||

    A New Law For Regulating Cryptocurrencies In UAE