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Setting up Contracting Company in UAE with www.shuraa.com
If you are thinking about opening up and setting a Contracting Company in UAE there are some things you will want to take into consideration before you take the plunge and try to move to the United Arab Emirates (UAE) to work on your new Company venture.
If you want to start a Contracting Company in UAE you should know that the process of doing just that is rather complex and risky. It is imperative that you have some local knowledge from the start of things. It is also a good idea to have an experienced local lawyer that can help you get through the bureaucratic red tape.
Construction companies in Dubai are the lifeblood of this state. Dubai cannot survive without construction companies. Dubai is the place, which has the largest number of construction projects in the world
The Dubai Government has cut the costs of setting up a construction company dramatically. The bank guarantee required is down from Dhs1 million to Dhs300 000. It has added just Dhs10 000 to the cost of registering the company in the emirate and getting a contracting licence. “We have done away with the requirement for a Dhs1 million guarantee, ” confirmed an official with the department. He went on to explain that the bank guarantee requirement was an inhibiting factor that restricted the entry of entrepreneurs, investors and Company men into the highly lucrative construction sector.
For More Details Contact:
Shuraa Management & Consultancy LLC, www.shuraa.com
604, Medic Building, Bank Street
Burdubai, Dubai, UAE.
Phone: 97143510077
Fax: 97143510078
Mobile: 971501577739
Email: info@shuraa.com
http:// www.shuraa.com
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