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.
