Businesses classified under this activity execute services and required installations through direct contracting or subcontractors. They can directly import materials but cannot re-export or trade them.
Business Opportunities in Turnkey Projects Contracting in the UAE
The UAE’s rapid development increases the demand for turnkey project solutions. Government agencies, private companies, and corporations require efficient contracting services to complete projects. The country’s smart city initiatives, sustainability goals, and urbanization drive create more opportunities.
Free trade zones and tax advantages attract entrepreneurs to Dubai. The growing market ensures consistent business expansion and profitability.
Essential Documents for Starting a Turnkey Projects Contracting Business
Before starting your entrepreneurial path, it is imperative to compile the required documentation for a Turnkey Projects Contracting Company:
- Trade Name: Choose a name that uniquely captures your brand.
- Company Structure: Specify ownership, shareholding, management rights, and banking authority in your company structure.
- Company Capital: Calculate the necessary starting capital.
- Office Space: Choose between a virtual office or a real one depending on your situation.
- Corporate Shareholder Structure: Follow this guideline if applicable.
- Passports Copies for Shareholders: Essential for all the engaged parties.
- Visa Copy: If applicable.
- Emirates ID: If you are a resident.
- Mobile Number & Email ID: Important for formal correspondence.
- Power of Attorney: If required for representation.