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.
