Business Set Up Services
Due to the variety of business set up options in different Emirates, there is always a need to hire a professional consultant who can help you choose the most suitable option. Those business set up options affect the type of commercial, industrial and professional activities that you seek to practice in the United Arab Emirates. The professional consultant shall be responsible for explaining all the costs and opportunities so you can make the best choice. The said consultant shall also work to recommend the most suitable option for you or offer the most cost-effective option if you have a limited budget. This is especially important when starting to establish a business or if the capital and investment are directed towards activities rather than the business establishment. The reason for this is that some free zones and local businesses do not require setting up an entire or partial office. Moreover, in free zones, you can obtain the employees’ visas without expending the rented office space. In addition, you also pay for the services you get only, which makes it the most suitable option for limited budgets.
Mohamed Al Hajeri Advocates & Legal Consultants LawFirm provides legal advice and consultation services to clients regarding setting up civil, commercial, industrial and professional companies. We do this by providing advice first about the type of company the client should go for. Company types include sole proprietorship, professional enterprise, civil company, limited liability company, private and public joint-stock company. The Firm explains the responsibilities of partners and managers to concerned parties. This is done before choosing the company type, the applicable practice, its legal requirements and the business set up requirements. The Firm also advises whether the business requires the approval of a certain body in order to be able to practice a specific activity professionally.
Also, Mohamed Al Hajeri Advocates & Legal Consultants LawFirm works to help clients set up their businesses step by step. We provide assistance starting from signing partnership and investment contracts between partners. This is done before the beginning of dealing to determine the financial and professional contributions of each partner. Such contracts are also concerned with the cases of company financing, investment injection and partnership termination cases that may not be mentioned in the incorporation contracts of free zones. In addition, those contracts state the cases in which partners shall lend the company or provide guarantees. The Firm is also concerned with defining non-competition conditions. Such conditions may exclude some partners, or make them undertake to provide services to the company at preferential prices. This is considered highly critical given that all these understandings may not be mentioned in the articles of incorporation. There is also no room to write all such aspects as free and local zones use unified forms. However, partners may draft other certification forms at the Notary Public as well as internal documents to determine the relationship among the partners. Such documents are drafted after reaching an understanding among partners. The Firm works to set up the company according to the agreement and conditions specified by the partners to ensure avoiding disputes later.
Mohamed Al Hajeri Advocates & Legal Consultants LawFirm works on setting up local, international and offshore companies in cooperation with other international firms. We also set up companies in the region through a group of firms and partners that we work closely with to provide corporate and business set up services.