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...

Which are the Key government entities whom I should contact to start a business in the mainland?

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

What are some of the Benefits of setting up a business on the mainland?

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

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...