How To Start A Share Holding Company In Dubai

HLB HAMT

HLB HAMT - Accounting Firm in UAE

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    Most business owners today want to make sure that they look out for the best opportunities that they can find to start their business. In the last few years, Dubai has been shifting its gears from oil based economy to service based economy and therefore you will find many new companies and startups coming up here in the Middle East rapidly. Starting a shareholding company in Dubai is beneficial, but the country has its own rules and regulations and therefore you need to be aware of how you can start a shareholding company in Dubai without any legal problems or inconvenience.

    Understanding the Concept of Shareholding in Dubai

    If you are new to Dubai business market it is important that you understand the concept especially when it comes to shareholding company.  The concept is a long standing requirement under the Commercial Companies Law of the United Arab Emirates also known as the Companies Law where every company is a shareholding company where national shareholders have 51% of share capital while foreign parties are limited to 49% ownership in the UAE companies. If you are not happy with the concept of shareholding company in Dubai you will have to choose a business location which is in the Dubai Free Zone which can cost you more. Free zones allows 100% ownership to the expatriates as well as 100% tax benefits.

    Selecting the Right Location

    It is also important for a company to get the right location in Dubai that allows the firm to get the right customers and clients quickly to boost the business sales. Hence, research is important to ensure that you buy the right location or rent it according to your business plans.

    Formal Requirements

    There are no formal requirements when you are starting your  company in Dubai but it is recommended that you have legal written agreements that can allow safeguarding your business when you are in legal problems. The written agreements and documents are like contracts among the stakeholders that are drafted to conform their terms to substantive matters.

    Minimum Investment

    When you are keen on starting your shareholding company in Dubai you have to make sure that you have the capital or funds that meet their minimum requirement. In UAE you will need at least AED 10 million (US$ 2.7 million) to start a public shareholding company. On the other hand, if you are interested in private shareholding company you will need around AED 2 million (US$ 0.5 million) and free zone companies it’s starts from USD 14,000 but it also varies depends on the activity and free zone you choose.

    Choosing Business Advisory in Dubai

    If you are not accustomed to the rules and regulations of Dubai business world you will need to find business advisory that can guide you with the experience and expertise that they have. There are many business advisory firms that can offer you information on how you can start your shareholding company in Dubai and how you can invest your money in the right way. This will help you to get ahead with business registration and setup quickly rather than getting involved in all the complications that you might find strange.

     

     

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    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
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    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
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    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
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    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
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    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
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    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
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    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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