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The Requirements To Start A Business In Uae
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If you want to start with the Company formation in UAE, you have to be aware of your requirements and needs. You have to know that as far as you operate in the area, you will be required to keep all your records of your accounting. The accounts have to be kept for at least 10 years from the day that they have been prepared. They may be kept in any area where the company likes. The accounts have to be approved by the director and at least one of them has to sign on it. Dubai government appoints the auditor for the annual audit and should examine the report according to the regulations on which the accounts are being prepared.
The Company incorporation in Dubai, may take only few days if you have already presented all the documents and which has been received with all the due diligence. When the Company formation in Dubai is offshore, it has to add the ltd or suffix limited. This is to show their liability. However, the following types of businesses are now allowed, the re-insurance, insurance and banking.
For off-shore Company registration in Dubai, the company has to have an office in the free zones and to appoint the registered agent that has been approved. The registered office in free zone and in Dubai may help the company to be registered.
Before you think about the company formation in Dubai, you have to be aware of the activities that are prohibited such as movie production, advertising, publishing, security, media, intellectual property, consulting, professional services, finances, banking and insurance. Other prohibited activities include education, military, real estate, advisory, game and win, property development, casino and gambling.
Other activities to be undertaken by the company after the Company incorporation have to be done after the approval of the proper justifications and management approval. The meeting for the business has to be held in Dubai and before any company can be allowed to operate, it has to fill the form and someone will get back to it afterwards.
If you have started the business, then you can also benefit from the Accounting services in Dubai. With such services, you will be up to 60 percent reduction in the costs of the back office and there will be smooth functioning for day to day operations of your business. With the Part time accountant in Dubai, you will have enough time to focus more on how to help the business better and how to acquire the revenue from the clients. You will not spend too much time in managing, hiring or training the accountants in your firm.
Before you undertake the Free zone company registration, in addition of the cost of the money that you have to pay with the license, you have also to know how much you will have to pay if you will have to import things from outside the country. You have also to know that there are some types of the goods that are not allowed to enter into the country.
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