UAE is emerging as one of the most competent and lucrative places for setting up modern-day businesses. This is because of the recent shift from traditional oil and other trades and a shift toward modern technological businesses.
In fact, many SMBs and start-ups have emerged in recent years that cater to the digitization of traditional businesses and business processes as well. Further, many foreign countries and investors from these countries are setting up businesses in the major cities of the UAE.
Apart from being tax-free, the UAE continues to attract more foreign investors due to its exceptional infrastructure and facilities. Depending on their business objectives, foreign investors can establish various companies in the UAE, ranging from large corporations to small businesses.
Widely offered Business Setup Services in the UAE:
Business setup services offered by different consultants throughout the UAE are as follows.
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Business center in Dubai
A registered office is required to establish a new business center in Dubai. However, business center rental services in Dubai are dedicated to providing you with fully-furnished, ready-to-occupy business offices. With the prompt guidance and assistance of Business Setup Services, obtaining a fully-fledged business center for rent in Dubai is manageable.
Your business gains several benefits by using business center rental services in the UAE, which are discussed below.
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PRO services
A Public Relations Officer, also known as a Government Liaison Officer, is responsible for processing government documents, legal papers, and all other documentation associated with company formation in the UAE.
PRO services UAE provides a wide range of services. Some are employee-related, while others are solely related to company formation and operation. The formation and registration of a company in Dubai entails several legal procedures with the Dubai Economy Development.
Our experienced consultants provide high-quality PRO services in UAE to expedite these formalities. An expert business consultant is required to set up and manage your company formalities successfully.
Business service providers provide excellent public relations (PR) services in Dubai, UAE, guiding our clients through various PR services, visa and business procedures, and other government-related tasks. In addition, we assist you at every stage of your business's development, from start-up to successful operation, by handling a wide range of documentation clearing and PRO services in Dubai.
Our professionals collaborate closely with Dubai government and ministry officials to make your PRO activities as simple as possible.
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Local Sponsor
When doing business in a foreign country, you need expert local partner services to help you navigate the local regulatory, legal, and business cultural frameworks. Certain consultancy provides the legal assistance you need to cement your position in your target market in a timely, accurate, and attentive manner. In addition, we provide the highly desirable Corporate Sponsorship arrangement for Western firms operating in the UAE as part of these services. Read on to discover more about these requirements and the services we provide.
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VAT Services
On January 1, 2018, the UAE implemented a new indirect tax known as Value Added Tax (VAT) at a rate of 5% on goods and services. The GCC countries' VAT policy potentially broadens their economic scope by incorporating an additional source of revenue in the aftermath of the oil crisis.
This new source of revenue will be used to fund high-quality public services by shifting to a more sustainable consumption system. It also aims to reduce the government's reliance on oil and other hydrocarbons as a source of revenue.
VAT consultancies in the UAE offer various VAT services in Dubai and throughout the Emirates, including registration, deregistration, accounting, return filing, advisory services, and so on. Implementing VAT in the UAE has significantly changed the Emirate's taxation system.
Obtaining proper VAT services in Dubai and the UAE assists businesses in avoiding the risk of unnecessary tax payments, maintaining accurate VAT records, and tracking up-to-date information regarding VAT filing.
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Bank Account Service
Dubai is one of the world's leading international financial centers and one of the fastest-growing cities, making it an obvious choice for corporate banking. In addition, Dubai is a preferred city for banking due to its stable financial market, vital bank secrecy, and low regulations.
Our in-depth knowledge of banking protocols in the UAE and our excellent relationships with most international and local banks have assisted hundreds of our clients in successfully opening a corporate bank account in Dubai, Abu Dhabi, and all other emirates.
This completes the list of business setup services offered by the UAE. Now that you have all the required information, make the process of your business setup in Dubai simple and hassle-free. you can get help from Business Setup Worldwide to gain more proper knowledge. Right from business incorporation to office space. Contact us today for more information.
How much does it cost to set up a company in Dubai?
As a result, any figure between AED 20,000 and AED 30,000 is a safe bet. However, it's important to remember that the cost of forming a company in Dubai rises if you require special privileges. For example, requirements such as a foreign trading name or approval from a governing body raise the total cost.
Do I need to charge VAT for my services?
No, not always. VAT will be charged if the firm is registered for VAT purposes and the supply of the specific legal services to the client is subject to VAT and not exempt or zero-rated.
What are some business setup services in the UAE?
- Establishment of a business.
- Opening a bank account.
- Accounting and auditing are two different things.
- Formation of an Offshore Company.
- Company Insolvency.
- Certificate of Tax Residence in the UAE.
