Setting up a real estate business in the United Arab Emirates
- With the resumption of air travel, the reopening of borders and the continued success of UAE events such as Expo 2020, people are returning to Dubai to visit and do business and continue their work, giving a blow significant boost to the UAE real estate sector. . Property values ââare now starting to rise in many areas of Dubai.
- The UAE is also working to improve long-term visa options for investors, key workers, digital nomads and international freelancers, to give them a path to permanent residence in the UAE.
- The structure for this requires the company to be incorporated as a single establishment or civil enterprise, requiring a National Service Agent (NSA) or local sponsor. The PRO Partner Group can help you navigate this landscape and deliver effective solutions.
Dubai – Due to the recent regulatory update, specialist service provider PRO PRO Partner Group helps real estate brokers start businesses in the UAE. Dubai has now announced that real estate brokerage can now be 100% foreign owned, as well as a large number of business activities in Dubai and Abu Dhabi.
Changing laws and regulations in the country can make setting up a business in the Middle East a long and complex process without the help and services of an experienced and trustworthy partner. The PRO Partner Group provides specialist PRO services and solutions to all types of businesses in Dubai, Abu Dhabi, UAE at large, Oman, Qatar and Saudi Arabia to simplify the process and ensuring that organizations choose the right configuration structure and location, while maintaining compliance to ensure future-proof operational growth.
The structure of the Real Estate Brokerage Company and other companies with professional activities in Dubai requires that the company be incorporated as a sole establishment or civil enterprise, requiring a National Service Agent (NSA).
With a single establishment or a civil company, the liability of the company is not limited and the owners / partners have unlimited liability for the activities of the company, which presents a much higher risk to individuals. An LLC structure is preferable because it limits default liability within the business and creates a legal entity separate from the owners / partners.
There are ways to get a deferred limited liability structure for the real estate brokerage business and other professional activities in UAE.
One way to do this is to initially set up an LLC company in a foreign jurisdiction or in a UAE free zone and then set up an Foreign branch Where Freezone branch in mainland France, to obtain the real estate brokerage activity. Responsibility for the branch would shift to the LLC, but the LLC would provide a limited liability structure at the secondary level to mitigate this risk.
The other option is to first create a continental LLC, in Dubai or Abu Dhabi with the activity “Investment in Commercial Enterprise & Management”. This SARL can then set up a Local branch in Dubai or Abu Dhabi with the Real Estate Brokerage activity. This will then effectively mitigate the risks associated with using the single establishment structure.
âThe real estate market in Dubai has grown significantly and is a key industry in the UAE. As more companies and foreign investors seek to relocate to the UAE, a greater Majority of the population is made up of different nationalities, with expats seizing the opportunity to relocate and acquire assets in different regions and different emirates, âsaid Nazar Musa, CEO of PRO Partner Group.
PRO Partner Group offers security, transparency, speed, efficiency and local knowledge to international companies and investors wishing to establish themselves within the CCG. PRO Partner Group aims to constantly meet and exceed the expectations of customers, businesses and investors in the region. For more information visit www.propartnergroup.com
About the PRO Partner Group:
PRO Partner Group is the leading provider of company formation, corporate governance and secretarial services in the United Arab Emirates, Oman, Qatar and Saudi Arabia. Our services cover all aspects of business start-up, administrative services and ongoing support. These include corporate incorporation, regulatory and compliance services, visas, immigration and secretarial services. Our mission is to provide our customers with unparalleled service that places the highest priority on safety, transparency, efficiency and satisfaction. At PRO Partner Group, we take great pride in building strong and lasting relationships with our clients by removing the complexity of starting a business in a new country and ensuring that our clients are, at all times, fully informed and have access to the necessary support to ensure the continued success of their business
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