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.
