Challenges of the company set up in the UAE
The United Arab Emirates (UAE) is undoubtedly an enticing business centre attracting entrepreneurs worldwide. The liberal policies and market-driven strategies by the government of UAE are quickly turning the country into a hot business hub. If you want to take your business to the Middle East and extend to North and East Africa, UAE is the right place to establish your company. Due to stringent verification policies, company set up in UAE comes with its challenges. Mainland company set up If you want to set up offshore company as a Limited Liability Company (LLC) in mainland UAE, you need a local sponsor who owns 51% of your company. The local partner has the largest stake in your company, which can be challenging for entrepreneurs. You have to find a trustworthy and reliable local partner to conduct your legal business in UAE. Free zone setup Instead of going through the hassle of creating a mainland company, you can set up a 100% foreign-owned company in one of the UAE free zones.