Dubai - Best Business Place

Dubai - Best Business Place

Due to its rapid growth, Dubai has been known for enticing all types of businesspeople with its efficient licensing procedures, infrastructure, and simplicity of doing business. According to the World Bank's 2014 Ease of Doing Business Survey, the Emirate is one of the easiest places to do business. If you're an expat planning to start a new business, you need to be aware of the relevant business laws and regulations.

Dubai - Best Place in world

• Dubai is one of the best places in the UAE.
• Dubai is one of the best places in the world.
• Dubai is one of the places in GCC.
• Dubai is one of the best cities in the world.
• It competes with London, New York, Paris, Toronto, Sydney etc.
• It has the world's best businesses and services.
• It has the world's best business companies.
• It has the best Law Companies e.g. Al Shaiba Advocates and Legal Consultants.
• It has the best Advocates and Legal Consultants.

The assistance of Law Firms

You can seek the assistance of law firms in dubai that are specialized in these matters if you are unaware. You can book a legal appointment with the Advocates and Legal Consultants, to grab the expert opinion about:

• Company Setups - Company Formations
• Economic Department Activities 
• Copyrights and Trade License 

If you're an Expat considering forming a limited liability company in the Emirate, the law stipulates that no more than 2 or 50 people can be involved. A limited business is free to engage in any legal activity, with the exception of insurance, banking, and investment. To obtain approval and a license, one must first approve. The Chamber of Commerce and Industry can register the Economic Department and the business. The Economics Department's Licensing Department must authorize the trade name chosen.

When it comes to forming a joint venture in Dubai, UAE between a foreign and a local party, the law requires the local party to control 51 percent of the stock. It's fine if the parties don't have any official contract documentation. If you have a specialized idea or technology, forming a joint venture can be useful. Law firms in Dubai can help with organizing, formulating, and negotiating a strategic partnership.
 
Foreign Firms

Foreign firms are not permitted to take on any financial commitments under the UAE Commercial Company Law (13) of 1988. The representative office should be registered with the UAE Ministry of Economy first, followed by the Dubai Department of Economic Development. The office is also required by law to work with a UAE National Local Service Agent, who can be an individual or a UAE-owned corporation.
 
The Branch can be owned entirely by the foreign firm, but it is required that the company hire a local service agent, who must be UAE national or a company owned by UAE nationals. The branch or representative offices are not permitted to engage in any type of import business and are not permitted to make a profit.

Note

Readers would be responsible for their actions themselves. They will be held accountable. Therefore we must say they consult the Advocates and Legal Consultants first. For example Advocates in Dubai and Legal Consultants in Dubai.