Dubai is one of the most developed cities of United Arab Emirates (UAE) and has become a major tourist destination because of manmade islands, tallest building and amazing skyline. Dubai government has taken several measures to promote businessmen around the world and there are several companies who are successfully doing business in UAE. After winning Expo2020, Dubai is on the rise and many investors are interested in setting up companies in UAE.
In order to set up business in Dubai, one has to go through several legal procedures and the most important aspect is to choose a legal form. In UAE there are more than two ways to establish company, Limited Liability Company (LLC) and Free Zone Company. LLC is the most commonly used legal form for businesses in which foreign investor has to choose a local business partner. A local business partner must be UAE national and holds 51% shares of the company, but it doesn't mean that he is eligible to take all the company decision, he acts as a silent partner and the company owner has complete authority to run the company as he desired. A local business partner helps investor in performing several legal agreements and visa sponsorship. Now the next step is to register a trade name which can be done with Dubai Economic Department (DED).
There are several forms and legal documents required to register a company in Dubai, most foreign investors are unaware of the UAE laws because of which they often face difficulties in setting up company in UAE.
Now as far as Free Zone Company formation concerned, in Free Zone Company businessman can have 100% ownership and there are several Free Zone areas defined by UAE government. The major benefit of establishing company in Free Zone is that it's a Tax Free Zone, also rules and regulations for the business are different, then LLC Companies. Now all the legal matters are quite complicated for the people who don't have any understanding about UAE laws. Most foreign investors prefer to hire business consultants or acquire reliable PRO services for company formation service. Company formation in UAE requires great deal of expertise and experience that's why it is really important to choose a reliable business consultant that can fulfill your all the requirements.
Supreme Pro is one of the most reputed business consultancy based in Dubai, which is providing reliable PRO services to various companies. If you are looking forward to set up business in UAE, you consult them as they are capable for providing various services such as LLC and Free Zone company formation, visa services, business solutions and DEWA services.