While many people from outside of Dubai setting up a business in the emirate will choose to position their business in a free zone, there are advantages to consider in setting up a mainland company as well.
In the UAE, corporate lawyers can provide information, analysis, and legal advice to assist foreign business owners in the various benefits and options to consider when comparing a free zone and a mainland company formation. Simply looking at the tax advantages of free zones may not provide the full picture of the options and opportunities of doing business within the UAE.
In addition to having an expert to assess and analyse the options, working with experienced corporate lawyers for a mainland company setup can avoid many of the common issues and problems that can occur.
Initial Documentation Requirements
Ensuring all required documentation is available will be an important role of the lawyers in working with both the sponsor as well as with the business owner. Drawing up a legal agreement that clearly outlines the responsibilities and the roles of both parties will be a requirement of the business documentation for approval, but it will also be essential to protect both the UAE national and the foreign business owner.
A precise Memorandum of Association and Articles of Association are essential to avoid future conflicts between the partners as well as to meet the requirements of the Department of Economic Development (DED).
Top corporate lawyers in Dubai can also advise the foreign business owner in the best options for selecting a business activity based on current business and future growth options. With different classes and groups and over 2000 different business activities, making the right choice will be essential based on the vision for the business.
Choosing the ideal business activity category and subcategory, selecting the right legal form and choosing an appropriate and acceptable trade name are all services a top Dubai corporate lawyer can provide. Browse the website stalawfirm.com for more information.