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Monday, April 8, 2013

Department of Economic Development license

We have been stressing the significance of correct licensing for a decade for a very simple cause if your company is operating outside its allowable jurisdiction it can fined or be blocked down by the Dubai government a lot of people looking to start a business, or record an overseas company, in the UAE opt for a Free Zone company because 100% foreign rights is allowed and there are insights that the rules for onshore company ownership are general more complicated with a requirement for a 51% local sponsor. The realism however is that through a professional business sponsor like ADAM Consulting 100% foreign ownership onshore is probable via a number of different regulated & exact license options. Onshore business licenses permit your company to deal directly both with onshore company’s regulars and those in the Free Zones too. Recently, we have been receiving complaints from a range of Free Zone companies, most of them in commission outside Dubai, that their licensors had swear they can do business in Dubai under the free zone license. We have elucidate to them that there is an established route to doing business in Dubai, If you know someone operating under a Free Zone license in Dubai who is industry with clients who are recognized onshore with a Department of Economic Development license please put them in contact with us. We are happy to answer any questions they may have. Business owners face enough marketable risks in starting & operating a Company Formation Dubai so why add to that with needless exposure to regulatory and legal peril that can be avoided.  

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