The wrong choice of jurisdiction

The UAE.At one time I did exactly this and the whole journey took me six months. But unfortunately over the past three years the rules for opening companies in the Emirates have changed significantly and the legislation itself has become significantly more complicated. There may be some new changes over the coming years so it is important to keep an eye on them.Choice of jurisdiction This is the first and very important step that inexperienced entrepreneurs often ignore. entails the impossibility of working in the chosen direction or contracting with clients from other emirates and countries.There are two main jurisdictions Mainland and Free zone. Before choosing a jurisdiction carefully study the working conditions in each of them.

The difference lies in only five points terms taxes cost work in the UAE market and the ability to combine types of activities Mainland. Expats only gained the right to open foreign owned Food and Beverage Email List companies in this jurisdiction a few years ago. The main advantages of Mainland are fast registration on average business days and the absence of restrictions on working in the domestic market of the UAE. However there are also disadvantages the high cost of registration from and the inability to combine classes of activity within one license for example services and trade Freezone.



As the name implies companies registered in such zones are exempt from taxes but not everywhere and not for all types of activities. Plus opening a company in a free zone is relatively inexpensive on average only . In free zones entrepreneurs can combine several types of businesses under one license. However there are also disadvantages What free zones are there in the UAElonger registration period from to weeks sometimes longer inaccessibility of certain types of activities to foreigners restrictions on work within the UAE.Activities A license in the UAE is the main document of a company an analogue of the Unified State Register.