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Category Archives: BOUTIQUE BUSINESS

Share Capital Required to Setup Seychelles Offshore Company

A vital offshore jurisdiction providing wide range of business advantages to international investors eager to form companies in insular state is Seychelles. Among the different benefits offered, one that is worth the mention is privacy of the firm as well as share capital requirements, where in majority of the cases, is said not to exist. To understand better how offshore companies can be set up by foreigners in Seychelles, you can discuss with our Seychelles company formation specialist team. To set up Seychelles company, what minimum share capital is required? Registered Seychelles companies having 1 non-resident director and shareholder is not required to offer minimum share capital. When fees are concerned, the investor simply requires to take into consideration approximate $100 government tax. In Seychelles, a popularly formed business structure is International Business Company or IBC.

What maximum authorized capital is necessary in Seychelles?

When maximum authorized capital is concerned in Seychelles, no limitation exists. This means, IBC registration is possible even with an amount of $100 million. Our Seychelles company incorporation team can provide valuable information on how to form different available business structures or IBCs in Seychelles.

What minimum share capital is required by LLCs in Seychelles?

Minimum share capital is not required by Limited Liability Companies (LLC) to resister its business in Seychelles. As a matter of fact, Seychelles LLCs can be owned by foreigners to about 100% and also not subjected to taxes on earnings.

Benefits of Seychelles offshore companies Formation

The preferred business jurisdiction that offers innumerous benefits and welcoming business environment with regards to forming offshore companies in insular state is Seychelles. Given below are few benefits that foreign investors can enjoy by forming offshore companies in Seychelles:
  • No mandatory minimum share capital for Seychelles company.
  • Such companies can derive tax-free benefits, which mean earnings are levied upon.
  • Foreign investors are free to form companies in Seychelles enjoying 100 percent ownership.
  • Seychelles offshore companies do benefit by deriving complete privacy with regards to assets and owners’ name.
To get more details pertaining to forming offshore company in Seychelles including share capital requirements, do feel free to call up our company incorporation specialist team in Seychelles.

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How to set up a Boutique Business or a Shop in Dubai

How to set up a Boutique Business or a Shop in Dubai

Dubai, the fashion hub in the Middle East hosts several shopping festivals around the year. With more & more people getting fashion conscious, setting up a boutique business or a retail shop in Dubai can be a great business idea.
To open a shop in Dubai, the Department of Economic Development DED has a well-defined process.

Requirements Boutique Shop/Business

Getting local support - After you have organised your business plan to set up your boutique in Dubai try to rope in a UAE national to support the business plan. It is mandatory in Dubai as well as other parts of UAE, to start a business with a UAE local partner, who owns not less than 51% share in the company. This is effective unless you sign an investors protected contract or start a business in a freezone. Business License and Registration - Apply to the DED to get permissions to open a shop in Dubai under a mainland jurisdiction. Business Jurisdiction - You may need to follow a proper shareholding structure as all retail or boutique shops are also scrutinized on the terms of jurisdiction. Rent Shop premises - Find the right location to rent for your shop. For this you need permissions from Dubai Municipality and the related bodies. Paper work & PRO - Much paperwork is required for, certification, visas and permissions from various entities considering the shareholding structure and the jurisdiction of your boutique business. Be it for a branded and high-end fashion clothes or regular garments boutique, you need to fulfill the DED criteria.

The process of Starting Boutique in Dubai

  1. Submit copies of your passport and visit visa. Read more 

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