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:
- Leading
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.
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