Starting a new business in the UAE can be a complex and challenging process, with numerous legal and financial requirements that need to be met. Entrepreneurs may find it difficult to navigate the various rules and regulations, and may not be aware of all the legal and financial obligations they need to fulfill. This can lead to costly mistakes, delays, and even legal action.
Our Solution
At YCAMS, we understand the challenges of starting a new business in the UAE, which is why we offer comprehensive company formation services to simplify the process. Our experienced team of accountants and business consultants will work with you to ensure that all legal and financial requirements are met, so you can focus on building your business.
Company Registration:
We’ll handle all the paperwork and filings required to register your company with the relevant authorities in the UAE, ensuring that your company is legally registered and compliant. This includes filing the necessary documents with the Department of Economic Development (DED) and obtaining the necessary approvals from other government entities. We’ll also provide guidance on the best legal structure for your business, whether that’s a limited liability company (LLC), free zone company, or offshore company.
Business Bank Account:
We’ll help you open a business bank account in the UAE, ensuring that all financial transactions are separate from your personal finances and that you have access to the tools and resources you need to manage your finances effectively. We’ll also provide guidance on how to manage your cash flow and keep your finances in order. This includes setting up online banking, creating a cash flow forecast, and managing expenses and receipts.
Tax Registration:
We’ll help you register for all the relevant taxes in the UAE, including corporate tax, VAT, and social security contributions, ensuring that you’re fully compliant with all legal requirements. We’ll also provide ongoing support with tax planning and compliance, helping you to minimize your tax liability and avoid any penalties or fines. This includes conducting a tax health check, advising on tax-efficient structures, and preparing and filing tax returns.
Business Plan:
As part of our service, we offer business plan support, helping you to create a comprehensive plan that sets out your goals, objectives, and strategies for success. Our experienced business consultants will work with you to develop a customized plan that meets your unique needs and helps you achieve your business objectives. This includes conducting a market analysis to identify potential competitors, trends, and opportunities in the UAE.
Company Secretarial Services:
We’ll provide ongoing company secretarial support, ensuring that all statutory filings are completed on time and that your company remains compliant with all legal requirements in the UAE. We’ll also provide guidance on corporate governance and best practices for running your business, including drafting and filing board resolutions and maintaining accurate records. This includes preparing annual returns, maintaining the company’s statutory registers, and drafting and filing board minutes.
Intellectual Property:
We’ll provide advice and guidance on protecting your intellectual property in the UAE, including trademark and copyright registration. We’ll also help you develop an intellectual property strategy that supports your business objectives. This includes conducting a trademark search, preparing and filing trademark applications, and managing trademark portfolios.
Immigration Support:
We’ll provide guidance on immigration requirements for entrepreneurs and investors in the UAE, helping you to navigate the complex rules and regulations around visas and work permits. This includes advising on the various types of business visas available in the UAE and assisting with the application process.
Ongoing Support:
We’ll be there to support you every step of the way, providing ongoing guidance and advice as you navigate the challenges of running a new business in the UAE. Our team of experienced accountants and business consultants will be on hand to answer any questions you may have and provide expert advice on a wide range of business issues. This includes providing regular management accounts, conducting a performance review, and advising on funding options.
Additional Services:
In addition to our core company formation services, we also offer a range of additional services to help you grow and manage your business in the UAE. These include bookkeeping, payroll, financial reporting, and more. Our bookkeeping service includes maintaining accurate financial records, preparing VAT returns, and managing supplier payments. Our payroll service includes preparing and submitting payroll, calculating and filing social security contributions, and managing employee records. Our financial reporting service includes preparing and presenting financial statements, providing regular management accounts, and conducting cash flow analysis.
Customized Solutions:
At YCAMS, we understand that every business in the UAE is unique, which is why we offer customized solutions that are tailored to your specific needs. We’ll take the time to understand your business goals and objectives, and develop a comprehensive plan that helps you achieve them. Whether you’re just starting out or you’re an established business looking to grow in the UAE, we can help.
Experienced Professionals:
Our team of experienced professionals has a wealth of knowledge and expertise in all areas of business in the UAE, from finance and accounting to marketing and strategy. We’ll work closely with you to ensure that your business is set up for success in the UAE, and we’ll be there to support you every step of the way.
Legal and Financial Compliance:
With YCAMS, you can rest assured that all legal and financial requirements will be taken care of in the UAE, allowing you to focus on building and growing your business. We’ll handle all the paperwork and filings, provide ongoing support and advice, and ensure that you’re fully compliant with all legal and financial obligations in the UAE.
Ready to take the first step towards starting your business in the UAE? Let YCAMS be your partner in success. Our team of experienced professionals is here to guide you through the complexities of company formation in UAE, providing tailored solutions that meet your unique needs. With our comprehensive range of services and ongoing support, you can rest assured that your business is set up for success. Contact us today to learn more about how we can help you achieve your business goals.