Do you want to open a company in the UAE? Here are some tips to make the process efficient that we have accumulated from people who have been doing business in the region for decades.
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Choose the right company formation agency
While opening a company in the UAE is very easy, it requires nuanced knowledge of the law and regulations. Additionally, some free zones require you to work with a registered agent to open a company under them. So the best way is to hire an agency, which can help you through the process. However, it is important that you do thorough research before choosing one. Checking Google reviews or other third-party reviews, and looking into the team & history of the company on social media are some of the factors that can help you with this process. Joomgeek has been working with Exillium since its inception, with more than 50 positive reviews on Google, we highly recommend you to check them out. (this is our genuine recommendation and not a paid promotion)
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Focus on the business plan
A detailed business plan is a necessity for various steps of opening a company. You would need to submit the plan to the offshore/free zone or other authorities and even your banks to open a business account. So getting the details right is of utmost importance to make sure you don’t have any issues in the opening of a company.
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Choose the type of the company carefully
Changing the type of the company after incorporation is often not possible, so our recommendation is to do due diligence in the beginning and choose the best company type (offshore, free zone, mainland). Most good company formation consultancies will help you guide through this process.
Conclusion
Given the very many benefits, UAE offers to businesses, incorporating a company here might be one of the best business decisions you might take. We hope these tips will help you in this process. If you have any questions, feel free to get in touch with our team.