It depends from one Free Zone to another. There is no minimum capital requirement at twofour54 Abu Dhabi (this free zone is named after the geographical co-ordinates of Abu Dhabi (24° N, 54° E), catering to the demands of the region’s media industry. BBC, CNN, FOX Television, National Geographic Channels, Sky News Arabia, Cartoon Network, Ubisoft, […]
Businesses can set up one of the two types of companies: Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.) Free Zone Establishment (FZE) The differences lie in the number of shareholders and whether the shareholder is a natural person or a legal person. Individual free zones have their own set […]
Determine the type of legal entity Choose a trade name Apply for a business license Choose an office space Get pre-approvals, register your business and get your license Freezone Company Formation Advisory Services Instant License
Establishing a business in the freezone allows 100 per cent foreign national ownership and there is no need of a local sponsor or local service agent. Waiver of corporate taxes (time-bound and renewable for further periods) Freezone companies are exempted from personal taxes and import & export taxes. Import- Export duty of 5% on the […]
The main differences between an LLC and a free zone company (FZC) in the UAE are the mandatory requirements to open a business organization and the limitations of the business activities that are permitted. The limitation is that a free zone company can undertake business activities inside the free zone area and outside the UAE, […]
Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting equipment will need the approval of Civil Defense. After completing the steps mentioned above, a business entity […]
Yes. In some cases, approvals of bodies other than the DEDs are required. Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting equipment will need the […]
It is mandatory that all businesses should have a physical address. The chosen location must comply with the requirements set out by the Department of Economic Development in the respective emirate and the zoning regulations of the local municipalities. In Dubai, the business should have a rent agreement (MoU) for the proposed location of your […]
Yes. Foreign investors must obtain the approval of the General Directorate of Residency and Foreigners’ Affairs before getting the initial approval. Please be advised that the initial approval does not allow a foreign investor to practice the activity, unless a commercial license is duly issued, as a last step of the process. Advisory Services Mainland […]
After determining the activity and the legal form and registering the trade name, you need to obtain the initial approval certificate. It is only after seeking the initial approval that you can proceed for additional approvals of authorities other than the DEDs which is required in case of certain business/trading activities. Mainland Company Formation […]
A trade name differentiates one business from another. It also reflects the nature and the form of the business. The following are some criteria for DED to approve your trade name: must not violate the public morals or the public order of the country must be followed by the legal form of the company, for […]
The following are the company types: Joint Liability Company Simple Commandite Company Limited liability Company (LLC) Public Joint Stock Company (PJSC) Private Joint Stock Company (PrJSC) Other types of companies: Sole establishment Civil company Local Company Branch Foreign Company Branch GCC Company Branch Free zone company branch Foreign companies’ representative offices Mainland Company Formation Advisory […]
Joint Liability Company – A joint liability company can conduct only commercial and industrial activities. Limited Liability Company (LLC) – Limited Liability Companies (LLCs) have permissions to conduct any industrial, commercial, professional and tourism business. Public Joint Stock Company – A public joint stock company can practice any industrial, commercial or professional business activities. Private […]
Commercial – Commercial activities are the activities that require a capital. Some examples of this can be wholesale and retail trade, construction, transportation, communication, financial mediation, real estate and leasing. Professional – Professional activities are the activities that depend on mental and physical effort. Examples include agriculture, fishing, education, health, social work and community, social […]
Select the type of business Determine the legal form of business Register a trade name Obtain initial approval Choose a location for your business Obtain approvals of relevant authorities Get your business license Secure a Chamber membership Advisory Services Mainland Company Formation
Yes, a foreign company can open a branch in the UAE after maintaining a certified letter from the parent company and getting the approval of the UAE’s Ministry of Economy. Contact us to know more. Mainland Company Formation
A local service agent (LSA) is a UAE national who assists a foreigner in the licensing requirements and other government-related matters in exchange for an annual fee. Other Services Advisory Services
A professional type sole establishment Civil company with no engineering activity Foreign Company Branch Please note that a GCC national can be a partner in any form of business except: A representative office Simple commandite companies. Instant License Mainland Company Formation Mainland Company Formation
LLC companies Public Joint Stock Companies (PJSC) – it must have at least 5 founding members who are UAE nationals, owning between 30 per cent and 70 per cent of the capital shares PrJSC Companies Civil company with an engineering activity Mainland Company Formation Advisory Services
Nationality of partners is a key factor in determining the type of business a person can set up on the mainland. Only UAE nationals can set up the following types of companies: Joint liability companies (partners must be UAE nationals) Simple commandite companies An industrial or commercial type sole proprietorship License for home-based businesses SME […]
As mentioned above, Capital requirements for a company on the mainland depends on the legal form of business. For a Public joint stock company, the minimum capital is AED 30 million. For a Private joint stock company, it should not be less than AED 5 million paid in full. For other type of businesses, the UAE […]
Setting up a business involves raising capital investment, paying for licenses and employee visas. Also, the cost depends on: The nature of the activity and license required such as whether the business is commercial, industrial or service-oriented in nature. What is the legal form of the company such as whether it is an establishment, a […]
The following are the Department of Economic Development in the UAE: Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman In Fujairah, the activities are overseen by Fujairah Municipality. Mainland Company Formation
The Department of Economic Development of the respective emirate is to be approached for ‘initial approval’ and registration the trade name. This can be done by either by visiting their office or through their eServices. Please note that only after seeking the initial approval you can proceed for additional approvals of other authorities which is […]
Setting up a business in mainland gives you many benefits and some of those are: Flexibility to do business in any part of the UAE No limitation on the number of visas More business activities available for licensing No business or personal taxes. Instant License Advisory Services Mainland Company Formation