Questions & Answers
How to establish a home accessories company in the UAE?
Hello Mohammad,
How are you?
I would like to inquire if you can help us with the following:
I am a co-founder of a company, a rapidly growing e-commerce startup selling Turkish home accessories to consumers in the Gulf.
Until now, we've only had a registered company in Turkey, but we are intending to also establish a formal entity in the UAE to serve as our legal and financial center ASAP.
As such, we are looking for some advice on which legal structure/company type would be best for us going forward. The main considerations here are:
- GCC regulations.
- Future valuation/fundraising/selling of the company.
To give you some more context:
- We are currently operating in the UAE, Qatar, and Kuwait, and are soon to be expanding to Oman, KSA, and Bahrain.
- We plan to move our main warehouse from Turkey to the UAE.
- Current annualized sales are $1M.
How might you be able to help us? And what's your fee?
Hoping to hear from you.
Best,
Dear questioner,
Good morning.
Thanks for your inquiry!
Regarding that, we would like to know more information about your business that should be set up in the UAE in order to be able to provide you with relevant legal advice and assist you to choose a suitable company to be established in the UAE.
The questions are the follows:
- What will be the company activities?
- How many employees are ready to work once the company is established?
- What is the purpose of establishing the company?
- How much is the capital that will be paid?
Please provide us with the answers via email so that we can create a clear vision and then inform you about how we are going to assist you, our legal fee, and how much will be the government fees.
Looking forward to hearing from you!
Thanks!
