Joint Venture Company in Dubai

Hassle-Free Joint Venture Company Formation in Dubai with Enterslice

In the past decade, Dubai has been competing with the large developed economies in the technology and business environment, and it has become the most preferred location for a foreign investor or entrepreneur. Owing to its favourable business policies, tax exemptions, cutting-edge technology, modern infrastructure and secure banking system, every investor and entrepreneur wants to set up a business in Dubai. One of the most famous forms of business in Dubai is a joint venture company. A joint venture company in Dubai is basically a contractual agreement between two or more parties, one of them being a local party that holds more than 51% of the equity. This type of company is usually formed in order to expand the business operations to a new territory or to fulfil some specific business goals. We at Enterslice will assist you in establishing a joint venture company in Dubai hassle-free at the lowest guaranteed prices.

Key Features of a Joint Venture Company in Dubai

The features of a joint venture company in Dubai have been provided below for your reference.

• The local party involved in the joint venture company formation in Dubai holds 51% equity in the company.
• The profits and losses of the business are distributed between the parties on a mutual agreement basis.
• If you want to setup a joint venture company in Dubai, then there is no limit specified for the number of entities that are willing to collaborate for the venture.
• It is the most preferred legal structure for business entities who want to collaborate on particular projects for a specified period of time.
• Licensing and publication of the joint venture agreement are not mandatory requirements for joint venture company formation in Dubai.

Our expert team can help you setup a joint venture company in Dubai seamlessly at affordable prices. Connect with us and we will handle the rest.

Why set up a Joint Venture Company in Dubai?

Formation of a joint venture company in Dubai has several advantages, including tax exemptions, a business-friendly environment, state-of-the-art infrastructure, modern technology, no currency restrictions, shared risk, larger resources, more efficient supply chains, etc. You can also enjoy these benefits by connecting with our experts at Enterslice. A list has been provided below for your better understanding.

Business Friendly Environment

It is a known fact that Dubai has a business-friendly environment. The government of Dubai has announced various business favourable policies to encourage foreign investors and entrepreneurs to setup their businesses in Dubai.

Tax Benefits

A joint venture company formation in Dubai is a good option considering the tax benefits it offers to the businesses setup in its territory. If you setup a joint venture company in Dubai, then you are exempted from the payment of corporate or personal income taxes.

No Currency Restrictions

A joint venture company in Dubai is allowed to conduct multiple currency transactions for their business, i.e., there are no currency restrictions applied on the businesses setup in Dubai.

Advanced Infrastructure and Technology

Dubai has a world-class infrastructure and cutting-edge technology helping businesses conduct their business operations smoothly. A joint venture company formation in Dubai will provide you with modern office spaces and warehouses, a digital communication system, flexible office solutions etc.

Shared Risk

One of the best benefits of a joint venture company formation in Dubai is that all the parties involved share the profits and losses of the business equally, as mutually agreed in the joint venture agreement. It distributes the risk among several parties instead of overburdening one party with all the risk involved in the business. For example, if you have entered into a joint venture agreement with a local company in Dubai and you suffer a big loss in the business, then the loss will be shared by you and the local company equally as mutually agreed.

Time Limitation

A joint venture in Dubai is not a long-term obligation, and the timeframe is decided in the agreement itself. So, if you want to test your business relationship with a potential partner, establishing a joint venture company in Dubai is a great idea as it does have a definite timeframe.

Combining Knowledge and Technology of Two or More Entities

When two business entities combine to conduct business activities, both entities gain access to more advanced technology and expertise. With expert views and shared market knowledge, you have better chances to succeed and build a successful business in one of the fastest-growing economies of the world.

Combined Resources

Combining two different entities will give you more resources to set up a large-scale business. Having greater resources will result in capturing a larger market base, more effective supply chains, and more advanced and efficient services and products for the business.

Process of Joint Venture Company Formation in Dubai

To setup a joint venture company in Dubai you need to follow various steps including the selection of a trade name, finalizing a business activity, and registering a joint venture partnership agreement with the Department of Economic Development, getting initial approval, submitting the required documents and getting an office space. We at Enterslice will provide you assistance at every step of the process at affordable prices. A list of the steps to form a joint venture company in Dubai is provided below for your better understanding.

Select a Trade Name

The very first step of the process is to select a trade name for your joint venture company in Dubai. The selection of the trade name should be done in accordance with the laws of the UAE and the guidelines of the Department of Economic Development. For example, the name should not contain any terms that may offend public morality. The name should not be deceptively identical or similar to any already existing company name and should not contain the name of any country or continent. We at Enterslice will provide you with the required assistance to select your name according to local laws and DED guidelines.

Decide a Business Activity

The next step would be to select a business activity that you will be conducting through your business. The Department of Economic Development has listed more than 2000 commercial activities that you can engage in through your business in Dubai. You can select a business activity that fits your business requirements and strategy. Our expert team at Enterslice will help you select a suitable business activity that fits your needs.

Register the Agreement with the DED

The most important step of the process of joint venture company formation is registering the agreement of the joint venture partnership with the Department of Economic Development. Our experts at Enterslice will help you draft a compliant agreement for your joint venture company in Dubai at affordable prices.

Selecting a Business Location

This step involves selecting a business location for your Joint venture company in Dubai. You can select either mainland or free zone to set up your joint venture company in Dubai. Both the locations have their own benefits, such as free zone company setup, which will provide 100% ownership, 100% personal and corporate tax exemption and 100% repatriation of profits and invested capital. On the other side, a mainland company setup will help you expand your business operations to other UAE markets without any restrictions. Your company can become an international company by establishing your business on the mainland of Dubai.

Initial Approval from the DED

It is an important step, and without it, we can't move ahead with the process of joint company formation in Dubai. After you have drafted the contract, you have to obtain initial approval from the Department of Economic Development.

Submission of Additional Documents

Following the receipt of the initial approval from the Department of Economic Development, the next step is submitting the additional documents required by the DED based on your selected business activity or location of your business. Our experts at Enterslice will assist you in the collection and submission of any additional documents required to be submitted with the DED.

Rent an Office Space

One of the most important steps is leasing or renting an office space to conduct your business operations in Dubai. Dubai has a state-of-the-art infrastructure and modern technology, including advanced office spaces and warehouses, to help your business conduct its operations smoothly. Connect with our experts to get office space for your joint venture company in Dubai that is tailored to your requirements at the lowest guaranteed prices. 

Essential Documents for Joint Company Formation in Dubai

You need to collect and submit several documents to the relevant authority for the joint venture company formation in Dubai. Our experts will help you submit all the required documents in adherence to the local laws. A list of documents has been provided below for your reference:

• A Completed Application Form
• All applicant’s passport and ID copies
• A no-objection certificate by the local sponsor
• The resident permit of Dubai is also required to be submitted by the foreign applicants
• Trade Name reservation certificate
• A board resolution passed by the company’s management
• Initial approval is given by the Department of Economic Development
• Notarized Association Agreement copy
• A copy of the lease agreement for the office space

We have a team of specialists with immense knowledge and experience in Dubai company formation. Our team will provide you with the required assistance at every step of the process of establishing a joint venture company in Dubai, including collecting and submitting the required documents in compliance with the local laws and guidelines of the Department of Economic Development.

Seamless Joint Company Formation in Dubai with Enterslice

Our expert team provides tailored assistance as per the requirements and strategy of your business and helps in hassle-free company formation in Dubai at the lowest guaranteed prices.

Tailored Trade Name Selection Services

We understand the importance of selecting a unique trade name for your joint venture company in Dubai. Our experts will help you select a trade name that is in compliance with the local laws and guidelines of the Department of Economic Development. We will assist you in selecting a name after conducting a comprehensive due diligence search to ensure that a similar or identical name is not registered by any existing business.

Assistance in Drafting and Registering Your Joint Venture Partnership Agreement

We will help you help you draft a joint venture partnership agreement adhering to the local laws and rules. Our experts will provide you with the required assistance in not only drafting the agreement but also registering it with the Department of Economic Development. We will also guide you in obtaining initial approval from the DED and submitting the additional documents if required.

Personalised Office Solutions

Our experts will help you select a suitable business location as per the needs of your business. We recognize the significance of selecting an appropriate location and finding an office space to conduct your business operations. We will help you find an advanced office space tailored to your needs at the lowest guaranteed prices.