Open a Company in the Aquaculture Sector in Dubai
Open a Company in the Aquaculture Sector in DubaiUpdated on Monday 19th November 2018
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The agriculture industry in the UAE is not only prolific but a huge source of revenues for domestic and foreign entrepreneurs operating in this field. The aquaculture division is regulated by the Exploitation, Protection, and Development of Living Aquatic Resources in the Waters and its provisions. Our Dubai lawyers specialized in company formation can support entrepreneurs from overseas set up a business in the aquaculture in Dubai and can provide legal assistance at any time.
How can I open a fish farm in Dubai?
Opening a fish farming or any business related to the fishery sector in Dubai is a simple procedure meaning that the entrepreneurs can start the activities as a sole trader or can create a limited liability company. Here are a few requirements for opening a company in the aquaculture in Dubai for which legal assistance can be obtained from our team of attorneys in Dubai:
- • the Department of Economic Development grants the approvals for your business in aquaculture;
- • the necessary license is issued by the Cooperative Union of Fishermen’s Association;
- • a technical feasibility project needs to be presented to the authorities before opening the business in the aquaculture sector in Dubai;
- • for a tax-free regime, such a company can be registered in Dubai’s free trade zones.
The rules for company formation in Dubai can be explained by our team of lawyers in Dubai who are specialized in the business incorporation in the UAE. They can handle the registration procedure with respect to the applicable laws in Dubai.
Short facts about the aquaculture sector in Dubai
The transformation of aquaculture sector in the UAE in recent years has made the foreign entrepreneurs direct the attention to this prolific sector. The country is rich in fishery resources and it offers the necessary support and environment for those looking to develop their activities in this area on a long term. For these reasons, the government highly sustains the fisheries production and the businesses through a series of incentives, mostly related to tax exemptions. The fishery sector in the UAE has a major contribution to the country’s economy, and most of the businesses decide on developing modern plants and processing factories.
Please do not hesitate to contact our law firm in Dubai specialized in company formation and find out details about how you can open a company in the aquaculture sector in Dubai.