The Laws People Need To Know Before Set Up Business In Dubai - Nour Attorneys

 It does not take more than a week to Set Up Business In Dubai after all legal proceedings have been organized. However, before you begin legal proceedings, you need to consider some of the factors required for the process. 

 

1. Company type

The type of business determines the type of license you need. Whether commercial, professional, or industrial licenses, these define the foundation of operations. However, when choosing, keep in mind that certain businesses such as grocery stores, jewelry stores, veterinary services, and legal services require additional permits from other government agencies. 

 

2. Properties

If you are a foreigner who wants to own 100% of your business, you will need to decide on a license and location in one of the many free trade areas of the UAE. Each free zone has a specific type of activity that corresponds to it, and clarifying the first steps will help you identify the best option. With more than 45 free trade areas in the United Arab Emirates and different types of businesses, there is no shortage of choices. 

 

 

3. Legal structure

There are rules for configuring your business, depending on your location and the nature of your business. For example, planning a legal advisors in Dubai office can only be done as a branch office or an independent company. Sole proprietors are not allowed to perform this activity. Each free trade area has its restrictions on the company's structure, which you can look up on the official website of the area. 

 

4. Trademark name

Your business name is an important part of the legal process. Unless it is a branch of another company, the company name should ideally indicate the nature of the business. All trade name regulations are available on the DED's official website.

 

5. Share Capital

The proposed company's articles of incorporation usually specify the minimum share capital. In most cases, you are not required to pay the minimum capital at the time of establishment.

 

6. Facility

Once the legal process and form are ready, it's best to include some offices with costs and other details on the candidate list. This means a clear step forward once the legal paperwork is out of the way. The Free Zone can help you find the right facility for your needs and arrange for electricity, internet, water and other equipment. 

 

7. Staff

Most DED legal forms require you to hire an administrator to oversee your work and be willing to participate before your registration is approved. However, in other cases, you may not be able to hire at all. For example, the owner of an Intelaq license (a license for home Emirati business owners) cannot hire staff, but can hire a contractor. Each zone has its own rules regarding its business structure for free zones. That is why corporate lawyers in Dubai are hired.

 

8. Local support

A DED license requires a local agent, partner, or sponsor, which significantly supports foreigners. For free trade areas, local contacts can help promote business effectively. However, this is not mandatory, and as a business destination Dubai provides an easy setup for all business people, regardless of nationality.

Comments

Post a Comment

Popular posts from this blog

Wills for Non-Muslim Foreigners in the UAE

  The United Arab Emirates follows Sharia Law regarding personal status and inheritance. Property is the one of the important parts in wills property lawyers in Dubai will help you to understand that. By the law, the courts of the UAE abide by the provisions of Sharia when there is no will. For example, if a person dies and leaves no will, the UAE courts will distribute their assets and appoint guardians according to Sharia principles. However, according to Sharia principles, sometimes distribution unexpectedly affects non-Muslim foreigners. Section (4) of the regulations of the UAE Personal Status Law, articles (240) to (272), and the most significant provisions thereof state that the will shall be enforceable within the limits of one-third of the testator's assets after the execution of the rights over it, and will be worth more than the third within the limits of the heirs who accepted it. In addition, the legislator stated in Article (1/2) of the UAE Personal Status Law No. 28...
Read more

Enforcement of Foreign Judgments in the UAE

  Foreign judgments are a severe issue in the UAE. The country has been one of the most penalized countries for foreign judgments. Having the best legal services in Dubai is essential. This is because the courts have been unable to enforce foreign judgments effectively. This is due to a lack of infrastructure and weak enforcement mechanisms. For this reason, foreign judgments are often ignored by courts. This can lead to several problems, including delays in processing cases, lack of access to court records, and reduced ability to appeal decisions. It is therefore important that foreign judgments are enforced as much as possible. The UAE has taken steps to address the issue of foreign judgments. This includes enacting several laws and regulations that have addressed this issue. One such regulation is Law No. (7) of 2002 on Execution of Judgments, which the Ministerial Council issued in 2002. The law deals with enforcement and execution procedures for foreign judgments issued in ot...
Read more

Importance of divorce lawyers in Dubai

Having a good divorce lawyer is essential when going through a divorce. This is especially true in Dubai, where the legal system can be quite complex. A good divorce lawyer can help ensure that the process goes as smoothly as possible and that your interests are protected.   It's critical to locate a divorce lawyers in Dubai who has knowledge of family law. The legal system can be quite complicated, so the attorney should also be able to communicate in your language. Additionally, you ought to request client references.   Below are some tips for finding a good divorce lawyers in Dubai : 1. Ask friends and family for referrals. 2. Ask the lawyer for references from past clients. 3. Ask the lawyer if he or she has experience in family law. 4. Make sure the lawyer speaks your language. 5. Get a fee estimate from the lawyer.   In a city like Dubai, where divorce rates are relatively high, it is essential to have access to quality divorce lawyers. While ...
Read more