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 Chambeof Commerce
and Industry.
