Setting Up a Sole Trader in Dubai

A presentation brought to you by our law firm in Dubai

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The Individual Business in Dubai

The sole trader is a form of individual business in Dubai, accessible for those investors who want to open a small business.

The sole trader is simpler to set-up, but has important differences in terms of liability.

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Small Companies in Dubai

Entrepreneurs who want to start their own consulting or artisan business can find it suitable to open a small company that will allow them to engage in business activities.

The sole proprietorship is formed by a single individual who will run the business.

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The Particularities of the SoleTrader in Dubai

The main particularity of the sole trader in Dubai is that there is no distinction between the founder and the company. The investor is fully liable for the debts and obligations of the business.

This particularity should be taken into consideration when choosing the most suitable business form.

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The Advantages of the Sole Trader

The advantages of the sole trader include:

o easiness to incorporate;o lower accounting and reporting requirements;o lower maintenance costs.

These are all important criteria for investors in Dubai.

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Opening a Sole Trader in Dubai

The sole trader needs to be registered with the proper authorities. If this business form is set-up outside of a Dubai free zone, then the entrepreneur may be required to find a sponsor.

Our Dubai attorneys can help you submit the necessary forms and documents to incorporate the sole trader.

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Other Business Options in Dubai

Investors in Dubai can open other types of companies or upgrade their business from a sole trader to a limited liability company.

The partnership is a business form with lower incorporation requirements than the corporation. The limited liability company is a popular business choice particularly because of the distinction between the founder and the legal entity.

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Setting Up a Business in theFree Zones

Dubai has a series of free zones destined to encourage foreign investments in the Emirate.

Full foreign ownership is allowed here and investors benefit from substantial tax advantages as well as incentives, according to the particularities of the zone.

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Company Formation in Dubai

Companies in Dubai are registered with the Department of Economic Development. When establishing a business, the investor must choose the business activity and the trade name.

The company will engage in the selected business activities based on a set of special permits and licenses.

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Assistance for Company Formation in Dubai

Foreign investors who want to set up a sole trader in Dubai and are in need of legal assistance can contact our law firm in Dubai.

We can advise you on all matters concerning company law and incorporation.

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For more information please contact us at:

Thank you for your attention!

 +971 44457900 office@dubai-lawyers.net http://www.dubai-lawyers.net/