How Payroll Outsourcing Can Help Your Business Grow?

HLB UAE Payroll Team

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HLB HAMT - Accounting Firm in UAE
Phone:- +971 4 327 7775
Mobile:- +971 50 205 9540
Email:- dubai@hlbhamt.com

    Get Free Consultation




    Business is all about taking risks and knowing that you will be able to handle your business efficiently. Many businesses today would like to outsource some aspects of their business because they do not want to take unnecessary risk factors that can obstruct their growth. This is why majority of the business firms search for firms that can handle their payroll services because it is important for them to handle that aspect of the business, but they want someone that can handle it efficiently. Managing payroll services is a tough job and you will need experienced people to handle that department if you are not outsourcing payroll services.

    How Payroll Outsourcing Can Help Your Business?

    When you are relatively new in the business you want to make sure that you concentrate on your core business rather than concentrating on other aspects of the business like payroll services. This is why many companies today go for payroll outsourcing because they would not like to get deep into payroll services that can slow down their business projects. With payroll services being outsourced companies can get rid of their worries and focus on their short term and long term business goals.

    On the other hand, it is always a good idea to outsource payroll services because you just cannot ignore payroll services and you will need some experts that can provide you with excellent results. There is no margin for error when it comes to payroll services and therefore you will need to hire professionals that know their job well. Payroll process requires in-depth knowledge of tax related legislations and hiring payroll service executives can be expensive for your firm initially.

    Errors in payroll can be costly and you certainly do not want to end up paying more for the mistakes that were made in the payroll. When you go for payroll outsourcing you can be sure that your payroll is handled by experienced professionals who know their job and can ease of the tension of your staff. Hence, you actually end up saving more money for your business that can help you when you are new to the business world.

    Choosing the Right Payroll Outsourcing Partner

    • Location

    When you are searching for payroll outsourcing partner you need to be very selective as you want firms or partners that offer services in the same city as you do. Although, it is not a requirement but that will only help you to make things easier for your company as you can interact with your payroll outsourcing partner in a better way. For instance, if you have your business in Dubai you can look out for payroll outsourcing Dubai firms that can deliver you the services you need to boost your business. Since they are local companies they are well aware of the tax related legislations and regulations in the country.

    • Budget

    Payroll outsourcing is definitely cheaper rather than making errors in the payroll that can cost your company dearly. However, you still need to concentrate on the budget factor because you want to ensure that you are not paying too much for the services you are being offered. Different companies have different rates so comparing their services and their price can offer you the right experience.

    • Technology

    When you are hiring payroll outsourcing firms you also need to ensure that you look out for companies that make use of latest software and technology to keep you informed and updated about all the issues related to your company payroll. The accounting system that is incorporated should be easy and the company should be able to deliver the reports in real time when you request for it.

    • Efficiency

    Selecting an efficient payroll outsourcing partner can help you in many different ways and therefore you need to be sure that the company you have hired can deliver accurate results and be efficient at the same time.

    • Features

    Different payroll outsourcing Dubai firms offer different features so you need to be selective in terms of the features that you opt for. The company should offer Wage Protection System, online leave management system through employee self service portal, employee travel management system, multi-currency salary payments, preparing transfer letters to the bank, preparing and delivering pay slips, better coordination with HR department and processing salaries, bonus, incentives and overtime for the employees.

    • Customer Support

    Your payroll outsourcing firm should also offer excellent 24 x 7 customer support that can allow you to address payroll concerns when they arise.

    • Tax Compliant

    While selecting payroll outsourcing Dubai partner you should also choose firms that can offer you the option to file and pay local, state and federal payroll taxes in compliance with the latest regulations in Dubai as that can help you to safeguard your business from costly dues and penalties that usually arise from payroll tax mistakes and errors.

    Get in touch

    Whatever your question our team will point you in the right direction

    Start the conversation

    Business Setup in Abu Dhabi, UAE

    HLB HAMT

    HLB HAMT - Accounting Firm in UAE
    Phone:- +971 4 327 7775
    Mobile:- +971 55 160 1291
    Email:- dubai@hlbhamt.com

      Get Free Consultation




      UAE is known around the world for the excellent business environment it offers. Rules and regulations for conducting business from UAE are among the most liberal and attractive in the region. To operate a company in UAE with trading, industrial and professional activities, one has to obtain a relevant license. We provide our assistance in the formation of Limited Liability Company, proprietorship establishment, offshore companies, branch of a foreign company etc.

      About Abu Dhabi

      Abu Dhabi, the capital of the UAE, is the largest of the seven Emirates making up the UAE Federation. It possesses 94 per cent of the country’s oil reserves, covers around 87 per cent of the UAE’s total land area and is home to 38 per cent of the population. It is both the seat of the Federal Government and a bustling business centre.

      Located on the North-East coast of the Arabian Peninsula, Abu Dhabi offers a strikingly contrasting landscape, from sandy beaches to green oases, and skyscrapers to rolling desert dunes. Its coastline is home to nearly 200 islands offering fascinating scenery of untamed beaches.

      The Emirate of Abu Dhabi consists of three administrative regions: the capital city; the Al Gharbia (Western Region), which includes the oases of Liwa and extends deeper into the famous Al Rubu Al Khali (Empty Quarter); and the eastern oasis of Al Ain, better known as the “Garden City”.

      Human settlement in the Abu Dhabi region dates back several thousand years. The place was discovered by a group of hunters who found a big herd of gazelles around a rare fresh water spring. They called it “Abu Dhabi”, which translates into “Father of the Gazelle”.

      The discovery of oil in the early 1960s quickly transformed Abu Dhabi from a pearling centre into a global business powerhouse. Four decades later, oil still remains the main driver of the Abu Dhabi economy. The Emirate is the world’s fourth largest oil producer, contributing 10% of the world’s oil and 5% of its gas production. Recently, however, the Emirate has announced various initiatives aimed at diversifying its sources of income. These initiatives have already begun to pay dividends with the Emirate fast evolving into a magnet of foreign investment and a business hub.

      Abu Dhabi is the most populous of the seven Emirates of the UAE Federation, with around 1.6 million (or 38% of the total population) living within its borders. Abu Dhabi is a cosmopolitan city that boasts one of the highest per capita incomes and one of the lowest crime rates in the world.

      Get in touch

      Whatever your question our team will point you in the right direction

      Start the conversation

      Business Registration In Dubai,UAE

      HLB HAMT

      HLB HAMT - Accounting Firm in UAE
      Phone:- +971 4 327 7775
      Mobile:- +971 55 160 1291
      Email:- dubai@hlbhamt.com

        Get Free Consultation




        Dubai, The Tourism, Trading, Commercial and Transport hub that connects the world.

        From a timeless desert, Dubai has been transformed into one of the most cosmopolitan cities in the world. Known for its tallest buildings with unique infrastructures, largest mall, high end boutiques, fine dining restaurants and home to more than 190 nationalities with diverse and different cultures, Dubai certainly is making global recognition and continues to attract tourists and businesses worldwide by converging in one common goal, living and working in this place they call Heaven.

        Being one of the greatest business capital, Dubai’s success continue to inspire people, making it one of the most preferred destinations for global expatriates which now stands at more than two million. It is the choice for local and international organizations because of its strategic location, world class infrastructures, diversified and easily accessible market offering low logistics and operational cost.  Doing business in Dubai also offers the following advantages.

        •  No personal income and capital taxes
        • No corporate taxation
        • 100% repatriation of capital and profits
        • No currency restrictions
        • Competitive import duties
        • Modern efficient communication facilities
        • Abundant and inexpensive energy supply
        • Simple and efficient recruitment procedures
        • Competitive freight charges
        • Competitive real estate costs
        • Easy access to both seaports and airports
        • 100% ownership in Free Zones
        • Availability of skilled and experienced workforce
        • High level of administrative support

        Dubai also offers different options in registering a company at the convenience of the shareholder or of the organization.  They can choose from any of the following:

        A. Free zones

        Dubai was the first emirati to pioneer the free zone model and offers foreign businesses attractive concessions and a number of investment incentives.  If the target market is outside of UAE, and you require an office space and a UAE residence visa, then registering a Free Zone Company or Establishment is recommended.  The procedure and the cost for incorporating the company depend on the Free Zones you choose and the type of your activity.

        A Free Zone company will be restricted to do direct business with the UAE Local Market. However, direct business with Local Market can be made through a Distributor with 5 % duty applicable. There is no restriction for a Free Zone company to do Business outside UAE and within the Free Zone. In a Free Zone, you can start the company as a Free Zone Establishment (single owner), Free Zone Company (maximum 5 shareholders) or Branch of your existing foreign company.  The features of Free Zone companies are:

        • 100% foreign ownership
        • No local participation needed
        • 100% import-export duty exemption
        • Bank Account in Dubai/UAE
        • Resident visas available
        • Local trading by paying 5% duty (through a distributor)
        • 100% tax free

        Free Zone Areas are in Dubai Silicon Oasis, Dubai International Financial Center (DIFC), Internet City Free Zone, Dubai Media City Free Zone, Jebel Ali Free Zone, Knowledge Village Free Zone, Dubai Airport Free Zone, RAK Free Trade Zone.

        B. Offshore Company

        Examples of Professional Firms are Management Consultancy and Marketing Consultancy.  There is no 51% local equity restriction like the LLC.  Qualified foreign investors can set up this kind of main land company. Professional Firms has the following details:.

        • Appointment of a UAE national as your local service agent.
        • The local service agent will have no direct involvement in the business.
        • Local service agents are paid a lump sum or a percentage of profits or on turnover.
        • Allowed to do non-commercial activity.

        C. Limited Liability Company (LLC)

        A limited liability company is formed with a minimum of 2 shareholders and a maximum of 50 whose liability is limited to their share in the businesses’ capital.  While foreign equity in the company may not exceed 49%, profit and loss distribution can be delegated.

        LLC Companies offers a UAE Visa, an office space and business within UAE and International market.  This type of company can be formed with 51% ownership of a UAE national and 49% with the foreign national. The UAE national is paid a lump sum fee yearly which depends upon his profile and status.  However, complete managerial powers is vested with the foreign national and the UAE national’s role in the operation of the company is very limited.  LLC companies have the following features:

        • 100% tax free
        • Get local presence  in UAE
        • Liability is limited to the company and not to the share holders
        • Advantages on bid with local companies
        • Can setup branches all over UAE in future
        • Get consideration of local companies
        • Can expect business reference from sponsors (not in all case)
        • Can do business with local companies as well as international companies/outside UAE/clients (with respect to rules and regulations in abroad countries)

        D. Professional Firms

        Examples of Professional Firms are Management Consultancy and Marketing Consultancy.  There is no 51% local equity restriction like the LLC.  Qualified foreign investors can set up this kind of main land company. Professional Firms has the following details:

        • Appointment of a UAE national as your local service agent.
        • The local service agent will have no direct involvement in the business.
        • Local service agents are paid a lump sum or a percentage of profits or on turnover.
        • Allowed to do non-commercial activity.

        E. Branch or Representative Office of Foreign Company

        The following are the features of Branch or Representative Office:

        • Branch office is permitted to exercise the activities (Licensed) of its parent entity
        • Also, it empowers to undertake transactions and offer services to customers
        • Representative offices are only allowed to have promotional activities supplementing the business activity of parent company
        • Representative office cannot enter into business transactions or market products
        • Additional license is required in some cases for the Branch of foreign company from Ministry of Economy
        • Appointment of local service agent
        • The Local Service Agent is:
        • Not responsible to undertake any financial obligations and commitments as a result of the operation of the Branch or Representative office
        • He should not interfere in the matters related to the Branch or representative office management or activities
        • His duties towards the Branch or Representative Office are as requested by the principal (E.g; getting approvals and permits from government authorities)
        • He is remunerated on a lump sum basis as agreed between the parties.

        F. Sole Establishment

        A sole proprietorship can only be owned by an individual of any nationality, and not a Company.  He will have 100% ownership and control of all its operations and profits.  He will also be responsible for all the business debts and other financial obligations. A sole establishment, on the other hand, that is commercial and industrial can only be owned by a UAE or GCC National.

        Dubai, being the Middle East’s number one business tourism destination is a great business capital inspiring and attracting both international SMEs and worldwide corporations all over the world to establish themselves in Dubai and be part of the growing economy globally.

        Dubai is just about everything that is known to be the best.

        Get in touch

        Whatever your question our team will point you in the right direction

        Start the conversation

        Start A Share Holding Company in Dubai,UAE

        HLB HAMT

        HLB HAMT - Accounting Firm in UAE
        Phone:- +971 4 327 7775
        Mobile:- +971 55 160 1291
        Email:- dubai@hlbhamt.com

          Get Free Consultation




          We organize to establish shareholding companies in UAE from inception to conclusion We give strategic inputs, assist to help decide company structure, select local partners, choose exclusive office locations, organize business plan, and also handle documentation formalities.

          Salient features:

          • Minimum capital required for a public shareholding company is AED. 10 million (US$ 2.725 million).
          • Minimum capital required for a private shareholding company is AED. 2 million (US$ 0.545 million).
          • UAE nationals are appointed as Chairman/ Director.

          While associating with HLB Hamt, you get the combination of our deep in-depth local knowledge expertise and extensive experience, which gives 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 is set up with minimal hassles and effort.

          Key points :

          • No personal income and capital taxes
          • No corporate taxation
          • 100% repatriation of capital and profits
          • No currency restrictions
          • Competitive import duties (5% with many exemptions)
          • Abundant and economic energy supply
          • Simple staff recruitment procedures
          • Competitive freight charges

          We undertake the entire task, so you’re free to concentrate on the bigger picture – your business.

          Get in touch

          Whatever your question our team will point you in the right direction

          Start the conversation

          Trade License In Sharjah

          HLB HAMT

          HLB HAMT - Accounting Firm in UAE
          Phone:- +971 4 327 7775
          Mobile:- +971 55 160 1291
          Email:- dubai@hlbhamt.com

            Get Free Consultation




            The Department of Economic Development(DED), with the institutional support from the Chamber of Commerce & Industry, is the statutory body that regulates and controls the licensing procedures for an entity in Sharjah

            However, licences for some categories of business require approval from certain ministries and other authorities: for example, banks and financial institutions from the Central Bank of the UAE; insurance companies and related agencies from the Ministry of Economy and Commerce; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health. More detailed procedures apply to businesses engaged in oil or gas production and related industries.

            Practising some trade activities (e.g. jewellery and insurance) requires the submission of a financial guarantee issued by a bank operating in UAE. In general, all commercial and industrial businesses in UAE should be registered with the Chamber of Commerce and Industry in the respective Emirate.

            Types of trade license

            The basic requirement for all business activity in Sharjah is one of the following three categories of licences

            • Commercial licences covering all kinds of trading activity.
            • Professional licences covering professions, services, craftsmen and artisans.
            • Industrial licences for establishing industrial or manufacturing activity

            The Authorities also issue some special licenses such as Business Operation Permit, Entrepreneurial Business License etc subject to certain criteria.

            Why a mainland Trade License is ideal for small business owners?

            • You need share capital for a free zone business. No capital is required for a sharjah mainland (DED) license.
            • A free zone license is strictly associated with rented free zone office space.Mainland businesses can be run from a cheaper business centre
            • Free zone business license and visa costs are cheaper, but it restricts you to work within free zones and international regions only – with a Mainland (DED) license, you can have clients from anywhere in UAE as well as internationally
            • The long-term free zone benefits and services are more appropriate for a large international company than a small business owner

            In both types of companies, there are no income taxes and if you’re thinking of starting a professional practice, you own the company 100%, regardless of whether it’s in free zone or mainland Sharjah.

            What are the requirements for obtaining a trade license?

            Prior to operating any business in Sharjah, it is first necessary to follow the steps outlined below in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business owner.

            • Designate the category which the business falls into- commercial, industrial and/or professional
            • Determine all the related business activities to be included within each business license(Maximum 10 per license)
            • Make a decision as to your business’ appropriate legal status in UAE
            • Select an appropriate trading name for the business.
            • Submit an application to the Department for initial approval
            • Register a trade name after receiving initial approval(If you don’t have previously reserved a trade name)
            • Lease business premises and obtain approval from the Authority.
            • Prepare all required documents; such as memorandum of association and approvals from other relevant government authorities which may be necessary to each case.
            • Submit a further application to the Department to obtain the final license.
            • Pay the required fees.

            Renewal of Trade License

            One cannot conduct business in Sharjah without renewing the Trade Licence.When it’s time for your Sharjah trade license renewal, you can change your sponsor and business address, if required. HLB Hamt offers complete assistance in renewing the trade licence in whichever way you need.We will send you timely reminders when the renewal of your license is due.

            HLB Hamt will work with you to handle your business setup in UAE from start to finish.

            HLB Hamt will help you evaluate the structure that will work best for your company.
            We give strategic inputs, help you evaluate and select the right form of company, work with you on your business plan, handle paperwork and documentation formalities. In short, we handle everything you need.

            With HLB Hamt, you get the combination of our deep local knowledge and extensive experience, which gives 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 is set up with minimal hassles and effort.

            We handle the details for you, so you’re free to concentrate on the bigger picture – your business

            Get in touch

            Whatever your question our team will point you in the right direction

            Start the conversation

            Trade License in Abu Dhabi

            HLB HAMT

            HLB HAMT - Accounting Firm in UAE
            Phone:- +971 4 327 7775
            Mobile:- +971 55 160 1291
            Email:- dubai@hlbhamt.com

              Get Free Consultation




              The Department of Economic Development(DED), with the institutional support from the Abu Dhabi Chamber of Commerce & Industry, is the statutory body that regulates and controls the licensing procedures for an entity in Abu Dhabi

              However, licenses for some categories of business require approval from certain ministries and other authorities: for example, banks and financial institutions from the Central Bank of the UAE; insurance companies and related agencies from the Ministry of Economy and Commerce; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health. More detailed procedures apply to businesses engaged in oil or gas production and related industries.

              Practising some trade activities (e.g. jewellery and insurance) requires the submission of a financial guarantee issued by a bank operating in UAE. In general, all commercial and industrial businesses in UAE should be registered with the Chamber of Commerce and Industry in the respective Emirate.

              Types of trade license

              The basic requirement for all business activity in Abu Dhabi is one of the following three categories of licenses

              • Commercial licenses covering all kinds of trading activity.
              • Professional licenses covering professions, services, craftsmen and artisans.
              • Industrial licenses for establishing industrial or manufacturing activity

              The Authorities also issue some special licenses such as Business Operation Permit, Entrepreneurial Business License etc subject to certain criteria.

              Why a mainland Trade License is ideal for small business owners?

              • You need share capital for a free zone business. No capital is required for a Abu Dhabi mainland (DED) license.
              • A free zone license is strictly associated with rented free zone office space.Mainland businesses can be run from a cheper business centre
              • Free zone business license and visa costs are cheaper, but it restricts you to work within free zones and international regions only – with a Mainland (DED) license, you can have clients from anywhere in UAE as well as internationally
              • The long-term free zone benefits and services are more appropriate for a large international company than a small business owner

              In both types of companies, there are no income taxes and if you’re thinking of starting a professional practice, you own the company 100%, regardless of whether it’s in free zone or mainland Abu Dhabi.

              What are the requirements for obtaining a trade license?

              Prior to operating any business in Abu dhabi, it is first necessary to follow the steps outlined below in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business owner.

              • Designate the category which the business falls into- commercial, industrial and/or professional
              • Determine all the related business activities to be included within each business license(Maximum 10 per license)
              • Make a decision as to your business’ appropriate legal status in UAE
              • Select an appropriate trading name for the business.
              • Submit an application to the Department for initial approval
              • Register a trade name after receiving initial approval(If you don’t have previously reserved a trade name)
              • Lease business premises and obtain approval from the Authority.
              • Prepare all required documents; such as memorandum of association and approvals from other relevant government authorities which may be necessary to each case.
              • Submit a further application to the Department to obtain the final license.
              • Pay the required fees.

              Renewal of Trade License

              One cannot conduct business in Abu Dhabi without renewing the Trade License.When it’s time for your Abu Dhabi trade license renewal, you can change your sponsor and business address, if required. HLB Hamt offers complete assistance in renewing the trade license in whichever way you need.We will send you timely reminders when the renewal of your license is due.

              HLB Hamt will work with you to handle your business setup in UAE from start to finish.

              HLB Hamt will help you evaluate the structure that will work best for your company.
              We give strategic inputs, help you evaluate and select the right form of company, work with you on your business plan, handle paperwork and documentation formalities. In short, we handle everything you need.

              With HLB Hamt, you get the combination of our deep local knowledge and extensive experience, which gives 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 is set up with minimal hassles and effort.

              We handle the details for you, so you’re free to concentrate on the bigger picture – your business

              Get in touch

              Whatever your question our team will point you in the right direction

              Start the conversation

              Business Valuation in Dubai

              HLB HAMT

              HLB HAMT - Accounting Firm in UAE
              Phone:- +971 4 327 7775
              Mobile:- +971 55 807 4568
              Email:- dubai@hlbhamt.com

                Get Free Consultation




                Business valuations are needed for a variety of reasons including financial reporting, purchasing & selling of a business, mergers, buy/sell agreements, divestiture and spin-offs, corporate carve-outs, corporate re-organizations, stock options and incentives, collateral values for loans, succession planning and more.

                HLB Hamt can prepare comprehensive valuation for a variety of businesses regardless of size and structure.

                Business valuation is more of an art than a science

                When valuing a business there are a number of issues to assess including

                • The dynamics of the sector in which the company operates
                • The unique attributes of the company and how the company compares with similar businesses
                • The market perception of the business
                • Various business valuation models

                There are various models available which will allow you to evaluate the value of a business. However, inputs to these models are based on judgment, which you will acquire from having hands-on experience. The estimated value of a business, when using any of these available models becomes the focal point at which to put a price tag on any business.

                Asset based approaches

                • Net assets value
                • Book value
                • Fair/ Market value
                • Replacement cost

                Market based approaches

                • Market Multiples
                • Comparable sale transaction

                Income based approaches

                • Discounted cash flow
                • Capitalization rates using EBITDA or NOPLAT

                We provide complete assistance throughout a merger or joint venture setup. From initiating dialogue with potential partners, setting of strategic directions to documentation and business plan, we will guide you every step of the way.

                In short, we handle everything you need, so you’re free to concentrate on the bigger picture – your business.

                Get in touch

                Whatever your question our team will point you in the right direction

                Start the conversation

                Trade License in Dubai

                HLB HAMT

                HLB HAMT - Accounting Firm in UAE
                Phone:- +971 4 327 7775
                Mobile:- +971 55 160 1291
                Email:- dubai@hlbhamt.com

                  Get Free Consultation




                  The Department of Economic Development(DED), with the institutional support from the Dubai Chamber of Commerce & Industry, is the statutory body that regulates and controls the licensing procedures for an entity in Dubai

                  However, licences for some categories of business require approval from certain ministries and other authorities: for example, banks and financial institutions from the Central Bank of the UAE; insurance companies and related agencies from the Ministry of Economy and Commerce; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health. More detailed procedures apply to businesses engaged in oil or gas production and related industries.

                  Practising some trade activities (e.g. jewellery and insurance) requires the submission of a financial guarantee issued by a bank operating in UAE. In general, all commercial and industrial businesses in UAE should be registered with the Chamber of Commerce and Industry in the respective Emirate.

                  Types of trade license

                  The basic requirement for all business activity in Dubai is one of the following three categories of licences

                  • Commercial licences covering all kinds of trading activity.
                  • Professional licences covering professions, services, craftsmen and artisans.
                  • Industrial licences for establishing industrial or manufacturing activity

                  The Authorities also issue some special licenses such as Business Operation Permit, Entrepreneurial Business License etc subject to certain criteria.

                  Why a trade license is ideal for small business owners?

                  • You need share capital for a free zone business. No capital is required for a Dubai mainland (DED) license.
                  • A free zone license is strictly associated with rented free zone office space.Mainland businesses can be run from a cheaper business centre
                  • Free zone business license and visa costs are cheaper, but it restricts you to work within free zones and international regions only – with a Mainland (DED) license, you can have clients from anywhere in UAE as well as internationally
                  • The long-term free zone benefits and services are more appropriate for a large international company than a small business owner

                  In both types of companies, there are no income taxes and if you’re thinking of starting a professional practice, you own the company 100%, regardless of whether it’s in free zone or mainland Dubai.

                  What are the requirements for obtaining a trade license?

                  Prior to operating any business in Dubai, it is first necessary to follow the steps outlined below in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business owner.

                  • Designate the category which the business falls into- commercial, industrial and/or professional
                  • Determine all the related business activities to be included within each business license(Maximum 10 per license)
                  • Make a decision as to your business’ appropriate legal status in UAE
                  • Select an appropriate trading name for the business.
                  • Submit an application to the Department for initial approval
                  • Register a trade name after receiving initial approval(If you don’t have previously reserved a trade name)
                  • Lease business premises and obtain approval from the Authority.
                  • Prepare all required documents; such as memorandum of association and approvals from other relevant government authorities which may be necessary to each case.
                  • Submit a further application to the Department to obtain the final license.
                  • Pay the required fees.

                  Renewal of Trade License

                  One cannot conduct business in Dubai without renewing the Trade Licence.When it’s time for your Dubai trade license renewal, you can change your sponsor and business address, if required. HLB Hamt offers complete assistance in renewing the trade licence in whichever way you need.We will send you timely reminders when the renewal of your license is due..

                  With HLB Hamt, you get the combination of our deep local knowledge and extensive experience, which gives 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 is set up with minimal hassles and effort.

                  We handle the details for you, so you’re free to concentrate on the bigger picture – your business

                  Get in touch

                  Whatever your question our team will point you in the right direction

                  Start the conversation

                  Accounting And Business Advisory in Dubai / UAE

                  HLB HAMT

                  HLB HAMT - Accounting Firm in UAE
                  Phone:- +971 4 327 7775
                  Mobile:- +971 56 147 0259
                  Email:- dubai@hlbhamt.com

                    Get Free Consultation




                    We under take the entire accounting services in Dubai, UAE that deal with all of your routine accounts functions including business advisory as shown below;

                    How could our accounting services in UAE help you?

                    To get on with managing your business, but administration take up a lot of time; issuing invoices, chasing settlements, monitoring your bank balances and all related other tasks. Whether your business has an accounts department, or just a part-time bookkeeper, those people need to be managed, trained, supported with software packages and paid. All of this takes up your time, money and energy. Outsourcing leaving you free to concentrate on growing your business.

                    Accounts payable outsourcing services is the remedy

                    Hand over your routine accounts responsibilities to our accounts payable outsourcing services team and you will have our skilled resources and expertise while working for you, without having the concern about day to day management.

                    We provide efficient accounting payable outsourcing service that will assist you to look towards the future growth of your business instead of worrying about its past.

                    Adding value through our dynamic approach to accounts payable outsourcing

                    Every client has diverse requirements. So it’s up to you how much you want from us; which of the services you need and how often you want to hear from us. We will keep in regular contact to hear your plans and suggest ways we can help you to build a better business.

                    What you get from us is not just a bookkeeping service, but skilled analysis of the trends of the transactions and ratios of financial health. You will get an effective and timely analysis – meaningful information that you can trust to make sound decisions about your business – all tailored to meet your individual requirements.

                    Our Strategy

                    We use our experience and expertise to help our clients for their betterment and assure that every venture is a success. Our main objective will be based on cost reduction, process improvement and process automation with improved turnaround time and service quality. We deliver the best in class services to our clients and ensure that all of them are delivered with high satisfaction levels.

                    • Bottom-line
                      • Up to 60% reduction in back-office costs.
                      • Smooth functioning of day to day operations.
                    • Top-line
                      • Focus your time on generating revenue/acquiring clients.
                      • Spend less time in hiring, training, and managing.

                    Our experience will add value to your business from the start because we:

                    • Invest in training a highly professional team
                    • Keep the client information confidential.
                    • Clearly defined logistics and rules of engagement
                    • Provide a prompt and efficient service
                    • Ensure our team is kept up-to-date with the latest accounting requirements and legislative changes
                    • Ask for your feedback on our services and organize our best to match your expectations
                    • Set strict deadlines for the delivery of our services and meet them
                    • Quality assurance: monitoring and improvement

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                    Whatever your question our team will point you in the right direction

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                    LLC Formation in Sharjah

                    HLB HAMT

                    HLB HAMT - Accounting Firm in UAE
                    Phone:- +971 4 327 7775
                    Mobile:- +971 55 160 1291
                    Email:- dubai@hlbhamt.com

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                      Located in Sharjah, and it’s unique advantage as the only hub with ports on the Arabian Gulf’s west and east coasts with direct access to the Indian Ocean and North Africa and an International Airport,Sharjah offers unmatched possibilities for investors. It’s trading accounts for more than 45% of the GDP of the Emirates.

                      A limited company may be formed by a minimum of two and a maximum of fifty persons whose liability is limited to their shares in the businesses capital. Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a trading license. As it is compulsory to keep one UAE national as a partner in the LLC company, prospective investor has to choose one UAE national (sponsor) as a partner in the company.

                      Entrepreneurs set up a Sharjah LLC because operating costs are lower than in neighbouring regions.

                      Advantages of a Sharjah LLC

                      • LLC is the most common company formation in Sharjah.
                      • No deposit customs policy for cargo in transit between Sharjah seaports and the SAIF zone, being an advantage for trading LLC’s, unlike other emirates.
                      • Unique location advantage with 3 sea ports and an airport
                      • Lower operating costs
                      • While foreign equity in the company may not exceed 49%, profit and losses will be shared in a ratio different to that of the share capital ratios
                      • No specific minimum capital requirements
                      • The investor becomes the partner in the company.
                      • The investor gets the investor visa under which he/her enjoys an investor’s status in Sharjah along with his/her family.
                      • The investor can create more branches at different places for his activities.
                      • LLC managers can be national, foreign or third party members.
                      • The investor can run the business without the day-to-day interference of the local national partner.
                      • The assets and capital created will be in the name of the company and not in the name of the local national partner.
                      • Easy to open global corporate bank accounts following Sharjah LLC set up

                      Get in touch

                      Whatever your question our team will point you in the right direction

                      Start the conversation
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