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Checklist for starting a holding company in Dubai
Firstly, you have to appoint a board which will help in creating a policy for the branch of the company.
Next, the board must look after the activities provided by its subsidiaries or branch.
Thirdly, the shareholders of the holding company must appoint a director in every branch.
Next, the holding company must look that the branch has the necessary capital to carry out its day-to-day activities.
Further, the holding company must provide the limits of the risk a subsidiary can take (the foreign currency, the market, and even the industry risks
Finally the holding company will make the decisions to the contracts made by the branch.
Types of Holding Companies
There are two categories of the holding companies in Dubai:
Onshore holding company is an onshore holding company. Here the foreign investor must have a local partner. The partner will own at least 51% of the company.
Free zone holding company is a holding company in any of the free zones. In a read more...
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