SETTING UP A 100% WHOLLY OWNED SUBSIDIARY IN DUBAI.

Description
Client is a fast growing global multinational firm in the field of critical communications headquartered in Hongkong.
Requirement
To identify a location for the client to set up a 100% wholly owned subsidiary in Dubai. As per Dubai Laws 51% ownership in any LLC should be held by the Local Emirati as Partner.
Approach
We conducted a detailed analysis of the requirements of the client and also of the suggested location.
Solution
  • Identified apt location to set up subsidiary in Ajman Free Zone.
  • Assisted in finalizing the name and for mation documentations for it.
  • Initiated bank account and payroll procedures.
  • Assisted in other concerns raised by the client.
The Offshoot
The company has doubled its growth while being compliant and doing business efficiently.

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