Common Mistakes That You Should Avoid While Setting Up Your Company in UAE

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Common Mistakes That You Should Avoid While
Setting Up Your Company in UAE
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An Overview

• United Arab Emirates or UAE is one of the most
  investor-friendly destinations around the world.
  In fact, the United Arab Emirates or UAE is one
  of the most attractive locations for company
  formation. If you are new to business, then you
  have to go through certain parameters to undergo
  a hassle-free company formation. Milestone is a
  professional project management company that can
  help you with freezone company registration and
  renewal in Dubai, UAE. Certainly, setting up your
  company in the United Arab Emirates is quite easy
  but there are a few mistakes that you should
  avoid.

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01
Here are some common mistakes that can help you
set up your company in UAE

• Not Choosing the right free zone, company
  activity and business license

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• Improper legal agreements with local sponsor

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• Lack of agreements

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Not Choosing the right free zone, company
activity and business license

• You need to understand that choosing an
  appropriate free zone, business license and
  company activity is very important step in the
  process of company formation in the United Arab
  Emirates. Certainly, the United Arab Emirates or
  UAE offers several options for business
  incorporation. However, choosing the wrong
  business structure will result in penalties and
  blacklisting of your company.

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Improper legal agreements with local sponsor

• When it comes to company formation in the UAE,
  you must look for a local sponsor. The UAE local
  sponsor must hold 51 percent of your company
  shares. Otherwise, you have to face legal
  penalties for your business.

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Lack of agreements

• When it comes to company formation in the UAE,
  businesses shouldnt rely on verbal contracts.
  Wondering, why? Well, its pretty challenging to
  prove the statement in case of any future
  dispute.

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