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.
