What are the types of businesses that require a UAE national a partner?

by admin | Aug 16, 2017 | UAE 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...

Can you give an indication of the Nationality of partners for starting a business in Mainland?

by admin | Aug 16, 2017 | UAE Mainland Company Formation

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...

Can you give an indication of the Capital requirements for a company on the mainland?

by admin | Aug 16, 2017 | UAE Mainland Company Formation

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...

What are some of the cost involved in setting up a business in Mainland UAE?

by admin | Aug 16, 2017 | UAE Mainland Company Formation

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...

What are some of the Department of Economic Development authorities in the UAE?

by admin | Aug 16, 2017 | UAE Mainland Company Formation

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...