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.
