In Dubai, the Business Centre offers investors the convenience of obtaining an instant license to kickstart their company's operations. With this streamlined process, entrepreneurs can secure their commercial license online without the need for in-person visits to the UAE.
·
Abolishment of 51% of company
shareholders' law
In a significant policy shift, the UAE has abolished the
previous requirement for at least 51% of company shareholders to reside within
the country. Under the Amending Commercial Companies Law, entrepreneurs can now
incorporate Limited Liability Companies (LLCs) with 100% of shareholders residing
abroad with the help of a Free Zone Company Setup Dubai.
·
Promotion of easy general
partnership company formation
Two's Company Owned by two or more partners, a general
partnership company requires all partners to be UAE nationals. Each partner enjoys
equal rights in managing and controlling the business. Branches of this company
type can engage in various business activities agreed upon in the business
license, offering versatility in operations.
·
Making a limited liability
company (LLC) more viable
Popular Choice The LLC is the go-to option for many
entrepreneurs due to its flexibility and limited liability benefits.
Shareholders, ranging from 2 to 50, enjoy limited liability, with their
liability restricted to their share in the capital. Additionally, LLCs are
exempt from the standard 5% customs duty on imported goods and can trade across
the UAE, making Global
Edge Corporate Service a preferred choice for business
ventures.
Flying Solo A sole proprietorship in Dubai is operated by a single individual who holds complete control over the business's operations, profits, and losses. Additionally, sole proprietors can legally go through the Company Formation Dubai process, providing ample freedom for entrepreneurial endeavors.
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