Business
in United Arab Emirates
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:
- 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. |