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