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.
