Why you need consultants for company setup in Dubai?

An expert business consultant is highly needed to run or set up a company in Dubai due to following reasons. The UAE’s pleasant climate, high standard of living, and business-friendly environment have attracted a large number of expatriates. However, not all foreign investors choose to relocate to the UAE. Numerous business owners prefer to operate their UAE-based companies from their home countries, taking advantage of local financial incentives without relocating.

The role of a business consultant in setting up a company in Dubai and operating from a foreign country
Appoint a power of attorney

Appoint a power of attorney Although non-resident entrepreneurs can make business decisions and plans remotely, it is advisable to appoint a competent and dependable power of attorney to manage matters on the ground in Dubai.

Oversee Financial Transactions

The designated individual can oversee financial transactions, resolve disputes, make hiring decisions, and stand in for the business proprietor when physical presence is required. This power of attorney may also be granted to a local sponsor, although this is no longer required for many categories of businesses.

Handling Visa Application

Non-resident entrepreneurs are not constitutionally required to travel to the UAE, but they may need to visit frequently during the early stages of establishing their Dubai-based business. Unless the business owner is from a GCC country or a country with visa-on-arrival privileges, he or she must apply for a visa that will enable them to remain in the UAE for the duration required by their business activities. After considering the intended length of stay, the proper visa should be applied for.

Knowledge Of Taxation

When organizing a business, it is essential to be aware of local tax regulations. While the United Arab Emirates does not impose income tax and corporate taxes are limited to certain company types, non-resident entrepreneurs must verify the tax laws of their home country to determine if they are required to pay taxes on income generated in the UAE. To prevent double taxation, the UAE has double tax agreements (DTAs) in place with approximately 100 countries.

These agreements contain “tiebreaker provisions” that determine which country is liable for income tax. If a business owner is deemed a tax resident of the UAE, they are exempt from income tax. However, it is crucial to note that DTAs may not apply to citizens of certain nations, such as the United States and Australia. Therefore, a reputable business establishment advisor in the UAE must be consulted in order to accurately determine the applicable tax laws and avoid fines or legal complications.

By following these measures and obtaining expert advice, non-resident entrepreneurs can operate their Dubai-based businesses successfully from abroad.

3AGlobal corporate service providers is at your service for setting up your company in Dubai/UAE.

Why does the selection of the right business consultants matter?

When starting a business in the UAE, the most important thing is selecting an experienced business consultant. They will ensure that your  licensing and other tasks like accounting, bookkeeping, and bank account opening are executed without delay and mistakes. This is crucial because choosing a substandard agency to save a small amount of money can lead to significant trouble. The rules and regulations are complex, and without the right knowledge of packages, you may lose a significant amount of money during renewal or liquidation, etc.

How 3A Global Corporate Services Provider Can help Your Business?

To get your business License in Dubai needs an experienced and talented pool of professionals. We have 16 years of experience in company formation  in the UAE. Feel free to contact us for expert advice.

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Last updated:24/02/2024

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