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:
- Leading 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
Certifica
This is our
slight information about UAE business. For further
questions and inquiry, please contact UAE Chamber
of Commerce and Industry.
