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. |
