How to form a company in Dubai

The spectacular rise of Dubai as a major economic engine in Middle East has been due to the wise policies of the government. The government has launched numerous initiatives designed to facilitate foreign investment as they strive to create a services based industry that can help the local economy to compete with other economies of the world. Starting a company in Dubai requires research because it is important to avoid the risks of failure. Specifically, you should conduct research on the market conditions and the industry that you want to operate. Moreover, you should be able to conduct adequate research into the products and services that you will offer in Dubai. 
Company formation in Dubai is a complex process which requires adequate research. To own a local company, you need to have a local sponsor who will be owner of 51% of the shares of the company. You need to select the type of company that can be either a single proprietorship or limited liability company. Another thing to check out is the licenses and their required fees that you need to give to the government. You have to renew the licenses each year as per the government regulations. Furthermore, you also need to have a real office and enough resources to sustain the business for at least two years. The government requires that companies should have working capital that needs to be shown during the entire process of registration. 
Proper research and allocation of resources will ensure that the company formation in Dubai is according to your long term business objectives. The company should be dynamic and flexible due to the intensity of competition in the Dubai market. Furthermore, you need to ensure that the company will be able to have the appropriate workforce that can work towards meeting your corporate objectives.

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