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
BUSINESSTo 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.
