3 Common Errors With Business Setup In Dubai

Working with our team of experienced lawyers in Dubai will be instrumental in avoiding common mistakes and issues that can occur during the formation of the business. These mistakes can be costly and time-consuming, and may even limit the business in getting into the market and capturing a niche position.

Our team of lawyers has expertise in UAE Free Zone company formation as well as USE Mainland business setup. We can also assist necessary for global company formation with offices in the UAE either as a free zone or mainland corporations.

Mainland or Free Zone Company

Making the choice between a free zone or a mainland company is more than just the ability to remain the 100% owner or to require a UAE national as a 51% shareholder in the company. The choice of company type will control where the business can be located as well as the types of sales and services they can provide.

For instance, by choosing a free zone for business setup, the business will be limited to selling outside of the UAE or working with a local agent. By working with a UAE national sponsor and setting up business outside of a free zone, there will be additional taxes and costs of doing business to consider.

Incorrect Choice Of Free Zone and License

Each free zone has control over the types of licenses which will be granted for new businesses. Choosing the incorrect free zone will limit the choices of license options, which in turn can limit the potential for the company to expand and extend its products or service lines.

Not Having Correct Documentation

Each free zone business setup or each mainland business will require specific documentation. This will always include the basic identification of stakeholders and owners, but it may also include specialized approvals and business information.

Working with our lawyers will ensure all the documentation required is correct, completed and translated as needed for approval. To learn more about our corporate law services, call us today at +971 50 27 28 29 1. Visit the website stalawfirm.com for more information.

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