Setting up of business in UAE
UAE is an attractive destination for investments due to its strategic location and investor friendly environment.
Setting up a new business can be a confusing and frustrating process. So, let us help you with every single step:
A business can be very tricky, and often involves a great deal of personal risk. Many people expect that, when commencing in business, the only significant worry is whether it will be profitable or not. Whilst being profitable is obviously important, there are a large number of other considerations that need to be addressed. It is important that you research your potential business thoroughly, covering all aspects of the trade you are looking to join. These include:
UAE Companies Benefits
UAE (United Arab Emirates) is a Federation of 7 States, known as Emirates; Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The capital of UAE is Abu Dhabi.
UAE established on 2nd December, 1971, at the Southeastern end of UAE, Arabian Gulf. , bordered by Saudi Arabia to the west and Oman to the north and south-east.
Although English is widely spoken, Arabic is the official language, , followed by Hindi and Urdu. The UAE possesses the fifth largest oil reserves in the world.
Buying and selling business
Buying and selling businesses is an area that requires specialist input from experts who deal with this type of work on a regular basis. The purchase of a business requires an understanding of the valuation of that business. We can assist with the undertaking of due diligence work to ensure that valuations offered are realistic and sensible. Likewise, if you wish to sell your business or part of the business, we can find out the value of your business.
Types of trade license
All business activities in UAE can be categorized into is one of the following types of licenses
The Authorities also issue some special licenses, subject to certain criteria, such as Business Operation Permit, Entrepreneurial Business License etc.
Useful tips for business owners
What are the requirements for obtaining a trade license?
While planning your business in UAE, it is worth to pursue the following legal requirements applicable to all concerned government authorities in order to guarantee maximum commercial benefit for the business owner
Renewal of trade license
One can conduct business in UAE with a valid trade license. VAAMCO offers complete assistance in renewing the trade license.
At VAAMCO, Clients get the combination of our deep in-depth local knowledge and extensive experience, which enable us the ability to precisely understand the unique needs of your business. We are thus able to recommend the best possible options and ensure that your business set up is with minimal hassles and effort
a) Limited Liability Company
b) Professional firms (Civil Companies)
c) Branch /Representative Office of Foreign Companies
a) Jabel Ali Industrial Zone-JAFZA
b) Dubai Airport Free Zone-DAFZA
c) TECOM Investments
d) Jumeirah Lake Towers
e) Dubai International Financial Centre (DIFC)
f) Dubai Silicon Oasis
g) Sharjah Airport Free Zone-(SAIF Zone)
h) Hamariya Free Zone – (HFZ)
j) RAK Investment Authority
k) RAK Media free zone
l) Abu Dhabi Airport Free Zone
m) Abu Dhabi Twofour54
n) Masdar City
o) Khalifa Industrial Zone Abu Dhabi (Kizad)
p) Other general and specialized free zones in UAE
Whilst this list is not exhaustive, it makes the point that setting up in business requires expert advice. This is where VAAMCO can help you. With our nationwide coverage, and local support and knowledge, you can be sure that any business you wish to set up will be in expert hands with VAAMCO.