by admin | Aug 16, 2017 | UAE Mainland Company Formation
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...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
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...
by admin | Aug 16, 2017 | UAE 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 admin | Aug 16, 2017 | UAE Mainland Company Formation
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...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
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...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
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...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
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...
by admin | Aug 16, 2017 | UAE 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...
by admin | Aug 16, 2017 | UAE 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. Business Augmentation Services Advisory...
by admin | Aug 16, 2017 | UAE Mainland Company Formation
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...
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...
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...
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...
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...
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...
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...
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...
