Why Knowing About Corporate Law is Must If You Are Starting a Business in Dubai

1. Why Knowing About Corporate Law is Must If You Are Why Knowing About Corporate Law is Must If You Are Starting a Business in Dubai Starting a Business in Dubai Corporate law or business law can be defined as rules and regulations that govern the Corporate law or business law can be defined as rules and regulations that govern the commercial trades and processes in a specific jurisdiction. commercial trades and processes in a specific jurisdiction. Dubai has Dubai has created a niche for itself in the last decade or so, becoming a commercial created a niche for itself in the last decade or so, becoming a commercial and economical hub, not just prominent in the Middle and economical hub, not just prominent in the Middle- -East region but on a greater East region but on a greater level globally. The country has made huge progress and prosperity in the economical level globally. The country has made huge progress and prosperity in the economical sector and has sector and has been highly welcoming from trade and business investment for been highly welcoming from trade and business investment for foreigners. This also comes along with a specific set of corporate laws and commercial foreigners. This also comes along with a specific set of corporate laws and commercial rules which provide a healthy and flourishing platform to the businesses. rules which provide a healthy and flourishing platform to the businesses.

2. The vision of the country’s lead The vision of the country’s leadership is amazing and healthy and the laws are at par ership is amazing and healthy and the laws are at par with international standards providing the right platform for established and as well with international standards providing the right platform for established and as well as new businesses. as new businesses. Financial and Business Zones Financial and Business Zones What has made Dubai so stand out in its economical set What has made Dubai so stand out in its economical set- -up process is up process is the creation of the creation of different financial and business zones specific to certain business categories. This different financial and business zones specific to certain business categories. This allows for managing the infrastructure accordingly and the implementation of the allows for managing the infrastructure accordingly and the implementation of the rules and laws smooth and in accordance to keep the investors interest in rules and laws smooth and in accordance to keep the investors interest in priority priority while creating an ethical foundation. while creating an ethical foundation. Corporate Law in Dubai Corporate Law in Dubai While many would relate law in Dubai region to be strict, the basic reality is that the While many would relate law in Dubai region to be strict, the basic reality is that the laws are very welcoming and have been created and designed to provide scalable laws are very welcoming and have been created and designed to provide scalable opportunities for opportunities for all while staying in the precise boundary. If you are starting a all while staying in the precise boundary. If you are starting a business in Dubai, or are looking to expand your current business to the Middle business in Dubai, or are looking to expand your current business to the Middle- -East East with a commercial set with a commercial set- -up in Dubai, it would help to consult a professional corporate up in Dubai, it would help to consult a professional corporate law firm in Dubai to law firm in Dubai to get a clear and detailed picture about the rules and regulations get a clear and detailed picture about the rules and regulations pertaining to the specific zone and business category. pertaining to the specific zone and business category. You have to keep updated with the regulations and laws related to economy, You have to keep updated with the regulations and laws related to economy, investment and trade when starting a venture in Dubai. The c investment and trade when starting a venture in Dubai. The commercial licenses are ommercial licenses are obtained by the Department of Economic Development of the related Emirate. obtained by the Department of Economic Development of the related Emirate.

3. In the latest business law amendment of 2015, the general categories of businesses In the latest business law amendment of 2015, the general categories of businesses defined (under Commercial Companies of Law) are: defined (under Commercial Companies of Law) are: Joint Venture Company Joint Venture Company Lim Limited Liability Company ited Liability Company General Partnership Company General Partnership Company Private Joint Stock Company Private Joint Stock Company Public Joint Stock Company Public Joint Stock Company Partnerships (for UAE nationals only) Partnerships (for UAE nationals only) When you When you are are looking to set looking to set- -up a business in Dubai up a business in Dubai, there is a structured process and , there is a structured process and step step- -by by- -step process, along with certain rules that must be abided by the investors. step process, along with certain rules that must be abided by the investors. Therefore, it becomes highly important that you consult Therefore, it becomes highly important that you consult a professional corporate la a professional corporate law w firm in Dubai firm in Dubai to establish your business in a proper and right way, in accordance to to establish your business in a proper and right way, in accordance to the regulations and conditions. the regulations and conditions. CONTACT US CONTACT US Call: (+9714) 3298711 Address: Burj Khalifa blvd., Westburry Offices Tower, 7th Floor Office 707, Business Bay,PO Box 122352 Email: proconsult@uaeahead.com Website: www.uaeahead.com