The GCC is a thriving business hub that attracts entrepreneurs and investors from all over the world. However, setting up and running a business in a foreign country can be challenging, especially when it comes to navigating the local laws and regulations. One way to mitigate these challenges is by hiring a nominee general manager.
A nominee general manager is appointed to handle the day-to-day operations and management of a company on behalf of its true owners. This can include responsibilities such as making decisions on behalf of the company, signing contracts, and representing the company in legal or financial matters.
There are several benefits to hiring a nominee general manager for your company formation in the United Arab Emirates (UAE):
- Compliance: A nominee general manager can ensure that the company is operating in compliance with UAE laws and regulations. This is particularly important as non-compliance can lead to penalties, fines, and even the closure of the business. We’ll help you with navigating the UAE market.
- Reduced Liability: A nominee general manager can act as a buffer between the company’s owners and any legal or financial liabilities that may arise. Another key benefit of hiring a nominee general is that they are not obliged to receive the usual employee compensation such as end of service or gratuity.
- Local Expertise: A nominee general manager who is a local resident of the UAE can provide valuable insight and knowledge about the local market and culture, which can be beneficial for conducting business in the country.
- Simplified Visa Process: Hiring a UAE resident as a nominee general manager can simplify the process of obtaining work visas for non-UAE resident employees. This can save time and money for the business, and it can also ensure compliance with immigration laws. Find out about our Dubai visa services and read about the Dubai Golden Visa.
How CBD Can Assist
It is important to note that while hiring a nominee general manager can offer many benefits, it is important to ensure that the nominee is credible, reliable and committed to the company’s goals, also consult a legal expert before making any decision. CBD Corporate Services offers a robust, secure nominee general manager service that will ensure the longevity of your business. To know more, contact: email@example.com or Whatsapp +971 56 218 4695. Read about the benefits of outsourcing PRO services.