Bizgate - Vat Consulting Business Plan

BUSINESS PLAN

Bizgate plans the business for new clients, a business plan is designed to “plan” in advance how a business or project will be started, implemented and managed. Business plans are commissioned for one of three reasons: Reorganisation, investment/funding or a management blueprint for operation.

Our business plan is a detailed road map for building a given company and it contains all that the feasibility study has plus specific timelines, detailed budgets with forecasts, letters of intent, resumes of staff, background, competition, strengths and weaknesses, work sheets (with full supporting references and notations) and appendices. Appendices should include copies of all documentation in relation to key analyses as well as plans that together represent the road map for company development.

Our well-written business plan will show exactly what revenues can be expected and when to expect them, what overheads and expenses will need to be paid and exactly when they will be due. It will also show staffing levels and salaries along with costs of employment, sales levels with monthly and seasonal trends, setup costs, building/office costs, utility and telephone costs, legal, insurance and accounting costs, office furniture and supplies costs and a myriad of other costs and projections. However, while these costs and revenues form an important part of the required picture, a business plan will also need to demonstrate that all required plans are completed.

BANK ACCOUNT OPENING

One of the final tasks on the checklist after having set up your new business is to get your corporate bank account. This is no more arduous here in the UAE than it is in the rest of the world, as the UAE is home to a large number of highly reputable national and international banking institutions.

There are of course a number of considerations to factor in, and you’ll want to ensure you have your ‘to do’s’ all checked off before approaching those banks here Bizgate helps you. We help you in getting knowledge of more important things you need to be aware of as you look to set up your corporate bank account in the UAE.

Legal documents you will be asked to sign or provide include in opening a corporate account: Required documents

  • A corporate account opening form
  • A board of directors’ resolution sanctioning the opening of the account and the signatories to the account
  • A copy of your company certificate of incorporation
  • A copy of your trade license
  • A copy of your share certificates
  • A copy of the company’s memorandum and articles of association
  • Passport copies of all partners in the company
  • A residency visa for at least one of the company shareholders (optional for some banks)

BUYING AND SELLING OF BUSINESS

Bizgate has played a great mediating role by portraying itself a potential and trustworthy platform for the buyers and sellers of the business. We any moment are not spared by the market for selling or buying the business. The trust took time to build and we have a very strong clientele. One can contact us in either of the requirement.

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Mainland Company Setup

Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space