About the UAE and market entry
The Dubai Industrial Strategy 2030 set out the drive to elevate Dubai into a global platform for knowledge-based, sustainable and innovation-focused businesses. Sovereign Corporate Services offers company formation and management in Dubai across all business areas and corporate structures, including the Free Zones, together with the administrative support to maximise opportunities and achieve long-term sustainability. Sovereign will assist you at every stage of the business set-up process in Dubai. This includes determining your business type, legal consultation and regulations compliance, selection of the right company formation plan, acquiring your business licence and visas and leasing your premises. We also offer PRO, government liaison and employer support services to guide you through all the business set-up stages in Dubai and its Free Zones. These services complement our Accounting, Payroll and HR services in Dubai.
Sovereign’s Private Client services assist families and entrepreneurs around the world to structure their assets to support personal, family, commercial and charitable interests. Sovereign has the depth of technical expertise to identify and create the optimum solution for our clients’ needs, whether that be asset protection, estate or succession planning. Under Dubai law, all foreign residents working and living in Dubai must hold a valid UAE visa and healthcare insurance. As part of our services, we offer support to business owners for processing residence visas, work permits and healthcare cards, and assist business owners, company directors and managers to obtain visas for their families and dependants. Dubai has recently introduced new long-term residency visas and land ownership rights to attract and retain expatriates with sought-after skills in the UAE. Sovereign also offers yacht and aircraft registration services through its specialist divisions.
The provision of ‘end-of-service gratuity’ (EOSG) payments remains a major challenge for many Middle East-based businesses. The level of gratuity is based on the individual’s salary and length of service and is payable as a lump sum. In the absence of forward planning, this can present a significant financial risk to both employers and employers. Sovereign Corporate Services provides bespoke solutions that enables employers to build funds against their EOSG liabilities within an employee benefit plan. We can also incorporate a savings element within the same structure to help you attract and retain employees.