Company Setup in the UAE
Start, Expand and Grow Your Business With Us
Also, we have developed solutions that effectively cover the entire spectrum of management in the Middle East. With all the experience and know-how acquired, our trusted team of consultants provide our clients with practical strategies and insights to compete and thrive in each sector to ensure them a sustained success.
Business Expert is one of the top branded business consultants providing services for clients from all over the world to set up, grow and expand their business in the United Arab Emirates. We put your ambitions at the center of everything we do and hold your hand throughout your business journey.
We deliver true results, focusing on strategic decisions and actions tailored to our clients' unique reality.
We're passionate about making a measurable impact in all we do. Consult with our team today and we will gladly share our knowledge and walk you through the entire process and requirements.
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Quick Facts about United Arab Emirates
The country is a federation of the seven emirates or cities and constitutes of Abu Dhabi (the capital), Dubai, Sharjah, Ajman, Ras Al Khaima, Fujairah and Umm Al Quwain
The United Arab Emirates is a country situated on the end of the Arabian Peninsula, bordering the states of Saudi Arabia and Oman as well as sharing a maritime border with Qatar and Iran.
Foreign Direct investments contribute to a stable and progressive economy with the focus of the government being primarily on economic diversification.
The UAE enjoys a quite strategic location, substantial financial reserves, sizeable sovereign wealth fund, promising investor home economies as well as consistent government spending.
What are the benefits of starting or expanding business in the UAE?
Long Term Value
UAE is ranked #1 regionally & #7 globally in terms of long term value creation of their resources among 62 other countries.
Competitiveness
UAE’s Competitiveness is ranked # 1 worldwide across 23 indicators, including Government Decision and Global Talent.
Ease of Doing Business
UAE is ranked 1st in the Arab World and 11th internationally in the “Ease of Doing Business Report” published by World Bank that evaluated 190 countries across several factors
Excellent Arbitration System
The UAE laws outline the rights of every citizen and promote equality regardless of race, religion, gender, nationality or social position. It also has well-defined laws to protect the interest of business owners and their businesses.
Safety & Security
The UAE is known to be one of the safest and most secure countries in the world. In an official survey conducted recently, over 96.1 % of citizens said they feel safe and secure in the country.
Types of Company Setup In the UAE
Depending on the activity and purpose of the company, you can setup your company in any of the following jurisdiction in the United Arab Emirates
The Mainland Company Licence or Onshore Company Trade Licence is issued by the respective Emirates Department of Economic Development (DED). Mainland companies are setup if you plan to do business within the local UAE market as well as internationally. Mainland Companies usually require a local partner. Ask us about Individual and Corporate Sponsorships.
Freezone Licences are issued by the relevant freezone authority. Currently, UAE has over 40 Freezones to choose from. We can help you choose the one that suits your short terms and long term needs. Freezone companies are 100 % foreign-owned and are usually set up for import and re-export. You can do business within the designated zone and must appoint a local distribution agent for trade-related activities in the mainland.
UAE has three offshore jurisdictions, and their relevant offshore authorities are responsible for issuing the offshore incorporation documents. Offshore companies can also be reffered to as International Business Companies that are setup for various benefits including tax efficiency, asset protection and risk distribution.
What are the types of trade licence forCompany Setup in the UAE?
Below are some of the most common type of trade licence to setup a company
1.
Commercial Licence
Covers trade and commercial activity.
2.
Tourism License
Covers tourism activities.
3.
Professional Licence
Covers all kind of professional services.
4.
Industrial Licence
Covers large-scale industrial activities such as manufacturing and packaging.
5.
E-Commerce Licence
For online trading and e-commerce activity.
6.
Freelance Permit
In essence, the freelance permit is not a licence but a legal permit that allows individuals and employees of UAE based companies to do freelancing work.
What are the legal forms of business for Company Setup in the UAE?
Once you have discussed with your consultant the purpose of your company and the type of business activity. There are eight types of legal entities in the UAE to start a business.
Sole Proprietorship
This type of company is the simplest form of company setup, and the Foreign Investor or Entrepreneur is the sole owner of the company. 100 % Liability is on the sole owner.
Limited Liability Company
In the UAE, a limited liability company also is known as LLC company is a company in which a min of 1 and max of 50 shareholders can be appointed. The Liabilities are limited to the shareholder’s capital share.
Civil Company
Civil Companies in the UAE are formed for Doctors, Engineers, Accountants and Lawyers. Although this type of company is 100 % wholly owned by the professional partner, a UAE Local Service Agent is usually appointed.
Private Shareholding Company
In UAE, a Private shareholding company is 51% owned by UAE nationals appointed as directors and chairman. The public has no access to shares of the company and the min share capital required is 2 Million AED with a min of 3 Shareholders. It protects the interest of the shareholders without risking being overtaking by large public corporations.
Branch of Foreign Company
Branch office carries the same legal identity as that of the parent company and conducts the same type of business as that of the parent company. There are certain restrictions involved in terms of trading activity. Requires Local Service Agent.
Representative Office in the UAE
Unlike a branch office, a representative office only promotes the activity of the parent companies, taking order and projects to be executed by the parent company. The Representative office only acts as a liaising office and is incorporated for increased market visibility. Requires Local Service Agent.
The Process of Company Setup in the UAE.
At Business Expert, we guide you and hold your hand through each step of your business journey. Although the process is quite detailed, below is an 8 Step Process highlighting the essential incorporation procedure for your company formation in the UAE with our highly experienced staff.
The cost will ultimately depend on various factors:
- The Type of Business and business activities
- The preferred Emirate for incorporation
- The Legal Entity of the company
- No of Visas required
01
STEP
Select the right type and legal form of business
02
STEP
Submit all documents
03
STEP
We file an application
04
STEP
We get approval for company name & activity
05
STEP
Signature on the incorporation documents
06
STEP
Submission to Registrar of relevant authority
07
STEP
You will be notified when your company is approved
08
STEP
Open Corporate Bank Account. We can assist
Set up your UAE business today!
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