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 Certificate
This is our slight information about UAE business.
For further questions and inquiry, please contact
UAE Chambeof Commerce and Industry.
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