The process of incorporation of a business is called company formation where companies are created by individuals or solicitors or specialised agents or accountants. Many solicitors and accountants employ specialised company formation agents for carrying out the process of incorporation. Thus, there is a requirement of a formation agent to register or form a company business.
Limited Liability Companies in the UAE can be cost effective and just as quick as going directly to Companies House. A formation agent seeks to provide a simple online process with professional guidance and offers added services even after the business has been incorporated. For an LLC company formation in Dubai, a UAE local sponsor is needed who will own 51% of the share. An LLC company can be established with a minimum of 2, and a maximum of 50 stakeholders and the liability of stakeholders are limited to their own stakes in the company’s capital. LLC companies are restricted from engaging in business activities such as banking, insurance or money investments.
Stated below are a few things to consider while choosing company formation agent:
Check out if they have a good level of customer support services on various media’s in place. This may include platforms like Live chat support, telephone support or email support. This ensures you proper communication of queries and questions during the process of company formation, which will further help in building your own company. Also, the website client services should also be kept in mind and if they are serving for many services.
Check out the Association of Company Agents (ACRA) which encourages and compels the agents to maintain high-reach standards while dealing with the company formation industry. Therefore, if you plan to register your business using an agent, ACRA is the right platform that provides trustworthy and quality service.
Check out the area they serve for. If their service is only based on a small scale area, then you need to rethink or eventually quit. The deal should be fixed only if they serve you many regions to select from. With this, the scrutinization of their websites is highly recommended; the first impression through the layout and the content of the site matters.
Check out the areas you require a formation agent in; you may require agents for additional services such as tax, back office, accountancy, company secretarial services or business plans after incorporation. This helps in sorting out work areas and delegating them to their specialised agents picked up by your company.
Check out if they offer free business consultancy as a few offer a free one-hour consultation after the LLC company formation in UAE. These include discussions on the start-up, accounting obligations and tax. This is great while finding out all you need to know for boosting up your business, getting ready answers queries and remains compliant with the company’s rules and regulations.
There are a lot of benefits for picking out expert agents for the registration of your company and holds a very significant part while starting off your business on a whole. Agents render professional service from a team carrying out hundreds of company formations every week which makes them well-experienced and efficient. They provide faster, more accurate results and get a major part done on your behalf.