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.
