Incorporation is the legal process used to form a corporate entity or company. A corporation is a legal entity that is separate from its owners, with its own rights and obligations and is the most widely used legal vehicle for operating a business.
Incorporation provides many advantages for a business and its owners: protection from personal liability for business debts, improved access to financing for business activities, simple transfer of business ownership through the disposal of shares and increased potential for tax planning through access to corporation tax rates and international tax treaties.
Companies can be formed in most countries in the world. The legal procedures for formation and organization may differ from jurisdiction to jurisdiction, but most have certain elements in common – drafting the ‘Articles of Incorporation’ (which set out the primary purpose of the business), selecting the name and location, and, if appropriate, the number of shares and class of stock that are issued. Incorporation will also involve jurisdiction-specific registration information and fees.
A company itself may be viewed as a commodity but the necessary advice – how to use it and how to ensure that it is managed and structured correctly – is most certainly not. It may be relatively straightforward to set up or purchase a company but to gain and sustain competitive advantage and successfully manage growth, proper groundwork and execution are essential.
It is essential to receive advice on:
The type of company best suited to your commercial purpose
Arranging the ownership of that company
Administering the company correctly
Managing its commercial arrangements
Every case is different and a high level of expertise is required to ensure that the process is up-to-date, effective and fully compliant. Failure to structure and manage a company correctly could mean that the intended objectives and benefits cannot be achieved. It could also result in unintended consequences and liabilities.
With over three decades of experience handling cross-border corporate and commercial matters, Sovereign’s corporate services include forming new corporate structures, reorganizing existing structures and repatriating earnings.
Sovereign also provides the necessary expertise to administer and manage companies correctly, including proficiency in company law, board procedures, director responsibilities and shareholder relations, as well as financial and legal compliance requirements. This will enable a company’s owners to focus on their primary business.
WHERE TO INCORPORATE?
In today’s global marketplace, business success increasingly requires active trading participation in foreign markets. Emerging companies typically operate in rapidly evolving industries where expertise, speed and efficiency are rewarded.
Modes of entry may vary – Internet, exporting, licensing, commercial agents, distributors, strategic alliances, joint ventures, overseas manufacturing or sales subsidiaries – but international expansion will inevitably involve unfamiliar legislation, regulations and processes, as well as creating international legal and tax considerations.
Whether you are doing business in Europe, Asia, Africa, the Middle East, the Americas or elsewhere, Sovereign will set up the best trading structure for your business. We will assist you to select the most effective and efficient legal entity, and we will then form and register that entity in line with local laws and regulations.
Company Setup in Dubai – United Arab Emirates
At ROYALZONE, we all come to work every day because we want to help give clarity to our clients looking to set up business in the UAE. Investors & clients are often confused about the correct jurisdiction or what falls within their budgets & various other requirements. We aim to guide our clients in deciding if they would like to set up their business in Dubai Mainland (DED) or are looking for 100% ownership benefits of a free zone. Our experts can help you reach the right decision suitable for your business. From onshore and free zone licensing, company registration in Dubai, searching for services agent or local partners, or getting a suitable office space, we can turn your investment in a profitable business setup in UAE in a seamless manner.
Where Can You Setup A Company?
When starting a business in the United Arab Emirates (UAE), you have to be familiar with the “mainland”, “free zone”, and “offshore” jurisdictions. There are pros and cons for all the three jurisdictions as well as business opportunities for entrepreneurs with different priorities. The priorities can be subjected to the type of business entity, business activity performed by the company, your intended trading partners and your visa requirements
Mainland Company Setup
Business Setup in All 7 Emirates on United Arab Emirates
Free zone Company Setup
Ajman Free Zone
Ajman Media City
Dubai Mainland (DED)
Fujairah Creative City
Offshore Company Setup