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While setting up a company in Dubai is more straightforward than it may seem, there are still some common pitfalls that you should be aware of. This is why choosing a partner needs a very detailed assessment to avoid future partnership disputes. Your company may not succeed without doing your due diligence because you may end up choosing the wrong one. Watch our Director of Compliance and Government Relations, Suheil Rabeh, as he expounds more briefly on this by answering some frequently asked questions. CHAPTERS 00:00 - Introduction 00:03 - What are the guidelines for choosing a company name in the UAE? 01:04 - What is a free zone and how are the companies established there? 01:39 - How many partners can you have in a Limited Liability Company (LLC)? 03:04 - What is the required minimum share capital for an LLC registered in Dubai? 03:26 - How many managing members can an LLC have? 03:44 - How soon can companies start hiring employees? 04:21 - What is the company formation process? 04:58 - What are some of the things to avoid when setting up a company? 05:53 - What should a lawyer of a foreign company do to prevent the firm from being put at risk? 06:39 - What is the size and the requirement of the office that companies need? 07:02 - Can you expedite the company formation process and get the business on the ground faster? 07:41 - Why do foreign companies need a local sponsor in the UAE? 08:01 - What happens when a company chooses a wrong local sponsor? 08:38 - How can companies keep track of their company formation process? 09:07 - Should a company be required to hire a lawyer as part of the company formation process? ______________________________________ About Seed Group Over the past 16 years, the Seed Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East & North Africa (MENA) region through the support and strong base of regional connections of the Seed Group. The Group’s goal is to create mutually beneficial partnerships with multinational organizations and to accelerate their sustainable market entry and presence within the MENA region. The Seed Group has been a key point in the success of all its partners in the region helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed Bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria. For more information please visit https://seedgroup.com/. ______________________________________ FIND US ON LINKEDIN Seed Group: / seed-group The Private Office: / the-private-office-of-sheikh-saeed-al-maktoum FOLLOW US ON INSTAGRAM Seed Group: / seedgroupme The Private Office: / tposheikhsaeed FOLLOW US ON TWITTER Seed Group: / seedgroupme For media and business inquiries: [email protected]