Company Registration In Dubai
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Company Registration in Dubai is one of the most sought after business moves of the Middle East. The impressive growth of the east points towards the potential of Dubai as a business destination. Companies from all over the world are searching for the appropriate steps to take to register their companies in Dubai.
Process of Company Registration In Dubai
A step by step guide for company registration in Dubai can be considered as an essential document for all those who are planning to establish an online business or a limited liability company. This is a comprehensive overview of the procedure followed by the government for registration of companies. It gives a clear idea of the kind of services offered by the government and its procedures for registration. Companies registered in Dubai have the benefit of exemption from certain taxes including corporate income tax and property tax. This is another reason why the emirate has become a preferred location for corporate registration.
Companies that are not registered have to pay the appropriate customs and other administrative charges and this is another thing covered in this comprehensive guide. All the relevant information such as the name of the business, the objective and nature of the business, its office address, the directors and key employees and the shareholders are covered under this guide. There are several types of businesses that need this type of guide. They include gaming and entertainment industries, money transfer services, car leasing, investment companies, estate agents and corporate entities. The guide helps to select the right type of business to register with the appropriate authorities and it also helps in minimizing the formalities.
Companies that are registered in Dubai need to file their status report annually against the turnover and revenue generated in the previous year. This step is required by all companies that wish to remain registered in the country. Companies also have to submit the necessary documents to the registrar. One of the most important documents that need to be submitted is the Articles of Association of the company along with the Memorandum and the Conditions of Registration. The Articles of Association of a company help to describe the nature of business of the company and also ensures that the company is not a sham or a fake.
Companies that wish to become members of Dubai Investment Company (DIAC) must take a step by step guide for company registration in Dubai. This is because almost all the government departments and other bodies have their own regulations and their own set of rules and regulations regarding company registration. The Companies House is responsible for collecting all the details about companies and once these documents are ready, they are posted on the website of the Companies House. Therefore, it becomes essential for a person planning to start a business to get all the details about the same and follow the steps accordingly.
Benefits Of Company Registration In Dubai, UAE
- Companies registered in Dubai enjoy tax free status and this has helped the emirate attract more investment opportunities.
- Companies resident in Dubai have no problems when it comes to government policies, rules and regulations related to foreign investments. The only requirement for companies resident in Dubai is to pay the necessary fees as set by the government, which is a part of the country’s revenue.