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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. |
