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
Chambeof Commerce and Industry.
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