Taxation Zone Naraina, Delhi

Sole proprietorship company formation is an exciting opportunity as it’s a company owned and run by an individual and the business license too is issued in their name. It’s a common company set up for individuals involved in professional services. A distinctive feature of the sole proprietorship setup is that it is prohibited from involving any shareholder or partner, as well as a company or corporate body. Benefits of a setting up a sole proprietorship Setting up a sole proprietorship comes with significant advantages for the individual involved, these are: 100% Ownership Owners of sole proprietorships enjoy having complete ownership of their businesses, regardless of whether these are local owners or foreign owners. Ease in trading A massive benefit for sole proprietorships and other companies set up under the mainland license is that they can easily conduct business activities anywhere in the country, including free zones. Affordable To make sole establishments more accessible to qualified people, the UAE Government has permanently waived off paid-up capital requirements that were once set in place for these company types. Operate as an LLC Those looking to set up businesses in the service-providing industry have the golden chance to set up their establishments as LLCs. Through anLLC structure, personal assets of the investor remain safe, and they are liable only to the extent of the funds invested in the business. Documents required to set up a sole establishment Much like with other licenses and company types, for a sole proprietorship company formation as well, you need to submit all documents as per the requirements set by the DED. This ensures the smooth processing of your application. Here are the documents required for the same; Filled application form Passport copy of the owner Owner’s residence visa or visit visa copy Business activity and trade name options Proof of registered office address Local service agent’s Emirates ID copy (if any) Proof of knowledge in the professional field (educational qualifications

Setup your business in UAE within 3 days 

We provide service to opening account in UAE. Documents Required 1. Passport Copy 2. Residence Visa Copy 3. Photo