Companies to come up with flexible, differential profit sharing arrangements. This can give an investor a great edge as the 51% local equity rule is inflexible in most cases. One or more than local partner is compulsory with the bigger stake of 51% of the pie.
A limited company or LLC can 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 of the companies operating in the region with foreign partners have selected the option of 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.
The time it takes to form a company will be approximately 1-2 weeks from the date of receipt of all documents. The licensing Authority in the Emirate of Dubai is the Department of Economic Development.
Samsun Godwin, a well established network of business consultants based out of Dubai, helps you set up, market and manage your company in the UAE. Our experienced team of professionals can help you start your business anywhere in the UAE, be it the Mainland, Free Zone or Offshore.
We take care of all your business needs from day one itself, starting from your initial query to your final choice. Our commitment in providing our clients with the very best and our exceptional customer service standards form the grounds of our core value system. Our expert team is quick to identify your needs and deliver to your exact requirements in the most efficient manner.
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