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.
