Have you ever wonder about relocate your company to another jurisdiction that offers much better benefits for foreigners, in specific, the UAE?
Find a reliable partner – a resident of the UAE
In order to open a company in the UAE, you have to find a local partner – a citizen of the United Arab Emirates, who will nominally be a co-owner of the business. Usually such partner is simply referred to as “local”.
Your relations with the “local” will be regulated by a Memorandum of Association that has to be signed and attested in the Court. Usually locals do not interfere into your business affairs. Their responsibility is to represent your company in sych governmental bodies as Ministry of Labour and General Directorate of Residency and Foreighers Affairs (simply knows as “Immigration”).
However, if you do not want your local to take even that responsibility, you may require a Power of Attorney from him, that will enable you to carry out all the relations with these Authorities.
Needless to say, you should be careful when choosing a local. For example, if he is sponsoring many companies, and some problems arise in one of them, all of the companies under his sponsorship may be blosked, causing delays and troubles in your business.
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There are four rank levels of ONE IBC membership. Advance through three elite ranks when you meet qualifying criteria. Enjoy elevated rewards and experiences throughout your journey. Explore the benefits for all levels. Earn and redeem credit points for our services.
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.
Spend credit points directly for your invoice. 100 credit points = 1 USD.
We cover the market with an ever-growing network of business and professional partners that we actively support in terms of professional support, sales, and marketing.
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.