Nowadays, many successful entrepreneurs consider registering a new company or another subsidiary in the UAE. Such a decision is extremely beneficial for both the business owner and the local business people because of the abundance of business opportunities that the Arab Emirates has to offer. New company registration in Dubai is a convenient and quick process due to the strictly regulated procedures and the help of professional advisors.
Business Creation in the UAE
There are two types of companies available for foreigners willing to work in the Emirates. The first is a common local company. Registering your business as a local enterprise can be tricky and restrictive. In this case, you will be able to hold only half of the company’s stocks. The rest will go to a local businessperson. There are only a few instances when a local company is required, which is the reason for the majority of foreign investors to choose the second option. Another solution is creating a business in a free trade area in one of the emirates by using business setup consultants from Dubai. There are dozens of trade zones designed to suit anyone’s needs. Some of them are versatile, and others focus on specific fields of business. Each of them offers numerous benefits for business owners.
Setting up a Company in Ajman Media City Free Zone
This free trade area is relatively small; nevertheless, it is beneficial for specific types of companies. It was designed to suit smaller businesses in creative fields such as media and entertainment. Obtaining an Ajman Media City free zone license has many advantages:
- The process of licensing is fast;
- A foreign businessperson can own all the stocks;
- The majority of taxes are not applicable to such a company;
- There is a wide variety of licenses;
- The biggest airports in the country are located near this zone;
- There is no minimal capital set;
- Everything is secure and confidential.