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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.
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