You have the
choice to settle a business in UAE whether in free zone
or outside free zone.
FREE
ZONE BUSINESS
The easiest way to settle
down business in UAE is to use free zone facilities. In
that way all procedures from the very early beginning till
establishing the company will take about 24 hours. The foreigner
will posses 100% ownership. But please be advised that not
all kind of companies can be established in free zones.
At the moment we have for free zones: two are located in
Dubai, one is in AbuDhabi and the last one in Sharjah. Some
new free zones are under construction in the rest of The
UAE.
OUTSIDE
FREE ZONE BUSINESS
To settle business in UAE
outside free zones it is also very easy, but you have to
find local national agent for partnership. The most popular
kind of company you can establish is Limited Liability Capital
Company (LLC). Under this kind of partnership the local
will be 51% share holder and foreigner will be 49% share
holder.
Documents required to
establish LLC business:
- Application Form
- Leasing Contract
- Passport copy of each
partner
- ID local
- Registration Certificate
from The Ministry of Chamber, Commerce and Industry
- Company Establishment
Contract (board of directors)
- Power of Attorney attested
and translated
- Local Agent Contract
- Mother Company Registration
Certificate
This is our slight information
about UAE business. For further questions and inquiry, please
contact UAE Chamber of Commerce and Industry.