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:
- 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.
