Over the few years, Dubai has emerged as a most favorite destination for the foreign investors. You might be thinking that whether you would be able to start-up in Dubai if you do not have the sufficient capital for investing. Well, there is no need to worry, Dubai has something for everyone, it is a land of opportunities that let you dream of owning a business. You can operate a small business as small businesses require small investments and can achieve a future growth under the guidance of an expert. An expert will assist you from LLC company formation in Dubai to advising you the efficient business skills.
When you hire an advisory firm for LLC company formation in Dubai, remember that it should be experienced and certified having the complete knowledge of the particular region. Read on the few points that will help you turn your small business into a productive and viable one.
- Gather up some knowledge
You must have a very good information about the local market. The product you are going to offer will work or not? Is there any demand? What will make your business stand out from the others? These are the things you should research well. You can also experiment by advertising your product and see whether it is in demand. This will save your thousands of bucks in future and will give you the idea of the market even before your entry.
- Finding a reliable partner
If you are operating your business somewhere outside from the free zone that you have to find a good local partner. This partner will hold the majority of share in your business and has all the rights to control it and also they will not invest or contribute to your business. Your local partner can be an individual or a company and are to be paid annual fee in various ways.
- Capital viability
After you will register your business a proof of capital investment is needed from the owners to show to the ministry of commerce. The minimum investment requirement depends upon the structure of your business. You should be prepared with the financial resources in hand as if you will be new to the place you won’t be having any local support.
- Limited liability companies
Small business sets usually go for LLC structure. These companies require from only a few members to fifty members with a limited liability to their share investment. The major interest holders are the local sponsors with 51% shares and you will be holding 49% of it.
- Professional companies
If you opt for a fully professional firm that you can own the 100% ownership with a limited staff. The Dubai government has set up free zones for those who are interested in investing. They have a different legal structure as compared to the offshore ones.
If you are going to start with a small business plan and aspire to make it large in future than select Adam Global as your business advisor without any second thought. Adam Global is the best advisory firm of Dubai that holds years of experience in setting up the business of numerous happy clients.