How To Start A Business

How To Start A Business | Best Ways To Start Are Right Here

How to start a business: What is a corporation or company, how is this different from your personal assets, a guide to incorporation and what are incorporation agents

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How to start a business: Fill in the form on the right in order to get a free quote and get the best ways to form a Dubai company

How to start a business: What exactly is a corporation or company?

A corporation or company is a structured officially permitted body representing a diverse and self-governing legal personality detached from its members or shareholders.

Once started, a corporation is promised certain legal privileges and advantages that are very desirable for most entrepreneurs. For example, a corporation can own property, hire agents, enter contracts, grow funds, and pay taxes separate from its shareholders and employees.

Incorporation provides a separate uniqueness to your market commerce, totally apart from the operations of the shareholders or owners.

The assets and liabilities of your company and owners or shareholders are different.

The company has a separate legal continuation although it is a separate organizational entity of its own.

How is this different from your personal assets?

The personal property of the shareholders is protected even in cases of resolution of debts to creditors or any other forms of a lawsuit. You are legally responsible limited to the level of your investment in the business. Similarly, the company property is safe from any personal lawsuits or any people listed as officers for your corporation.

The idea behind starting a business is to permit you to reassign your ownership easily, sometimes without any official procedure too. The credit scores of the company are separate from that of the shareholders. Your personal good or bad credit rating does not have an effect on your company in any way.

How To Start A Business | Best Ways To Start Are Right Here

Varal Managing Director

How to start a business: Fill in the form on the right in order to get a free quote and get the best ways to form a Dubai company

A guide to incorporation

A corporation can be of various types, some of these are listed below:

UAE corporation

  • Branch of a Foreign company
  • Public joint-stock company
  • Professional, commercial, or trading company
  • A nonprofit organization only in Humanitarian City
  • A corporation owned by the federal government

Incorporation is abbreviated as LLC or FZ-LLC for a Free Zone company in the United Arab Emirates (UAE). An alternate word for a corporation is a company. These two words have the same industry meaning. In some parts of the world ‘corporation’ is used while in other parts the word ‘company’ is used. The company is abbreviated as “Co.”.

When a company name is followed by LLC in the UAE, this is a great sign that the business is well established and professionally controlled. Also, well-informed customers will identify and value the increased shielding provided by a corporation against personal liability and excessive taxation.

How to start a business: Fill in the form on the right in order to get a free quote and get the best ways to form a Dubai company

What are incorporation agents?

There are numerous entities and individuals who offer incorporation information and services on how to start a business in Dubai. And manage this process of getting your company registered.

These entities and successful persons are specialized and authorized to supply information, counsel, and services in this area and are called registration agents or incorporation agents.

The incorporation agent can provide assistance from recommending you to finding the exact jurisdiction for you. He can complete all important documentation, apply to the suitable regulatory agency on your behalf, and complete the step-by-step registration process.

The entities and individuals described above are found in every jurisdiction and country. Company incorporation agents not only offer relevant business incorporation information, advice, and consultant services about incorporation programs and products in their specific jurisdictions but also help in organizing the first meeting of the shareholders of an incorporated company.

How To Start A Business | Best Ways To Start Are Right Here

How To Start A Business

How to start a business: Fill in the form on the right in order to get a free quote and get the best ways to form a Dubai company

In some locations they are lawyers and in other places, they are professional accountants. Some are MBAs with experience in this line of work.

You should keep in mind, most professional business incorporation agents usually give advice and services about incorporating a company or a corporation in their specific jurisdictions. Usually, they are not offering you services all over the world.

For other parts of the world, they form a partnership with another locally based company, which is fine because you regularly require someone local who is available to hold your hand during the process.

So when getting business incorporation information, counsel and services prior to the formation of a company, look for someone who can recognize your needs and temperament apart from the laws of the specific jurisdiction in which your company is about to be incorporated; these make good partners.

Prior to the beginning of the internet, the business incorporation process was long and burdensome. A process that now takes only a few days thanks to many websites and online resources.

However, the time that has been cut in the registration procedure has more than doubled by way of the Know Your Client documentation (KYC)!

How to start a business: Fill in the form on the right in order to get a free quote and get the best ways to form a Dubai company

You have more opportunity for opening a Dubai or UAE company today. You can:

  • Browse the web
  • Choose a suitable agent
  • Obtain the necessary documents through fax or email
  • Sign them and send them again by fax or email and you are done
  • Some jurisdictions require your presence at the time of signing incorporation papers or when opening bank accounts
  • The UAE has more than 30 jurisdictions and offers various companies that will meet your requirements.

Your company will be incorporated and the original documents couriered to you!

How To Start A Business | Best Ways To Start Are Right Here

Varal CEO

How to start a business: Fill in the form on the right in order to get a free quote and get the best ways to form a Dubai company

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How To Start A Business was last modified: October 13th, 2020 by Ramapati Singhania

Ramapati Singhania

He strives for excellence in all he does and brings out the best in his people through guidance, a strong vision and support. He is exceptionally open-minded, flexible, dependable, understanding and straightforward in all words and actions and encourages personal as well as professional growth.

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