UAE is one of the safest countries in the world and also the trading hub of Middle East. Being a tax haven, with a strong network of Banks, businessman find UAE as an ideal location to setup company and bank account.
As per Commercial Company Law of UAE, a company is defined as a contract under which two or more persons are committed to participate in an economic enterprise with the objective of profit realization by contributing a share in capital or work and dividing between themselves the profit or loss resulting from the enterprise. Article 8, Clause 3 of CCL also says that a company can be incorporated or held by a single person in accordance with the provisions of this Law.
Limited Liability Company (LLC) is a popular company structure in the Mainland of UAE. Investors can setup a Limited Liability Company with a minimum of 2 shareholders and up to 50. The recent cabinet decision has granted 100% ownership in mainland company in selected industry sectors by the expatriates and eliminates the requirement of local sponsor for the selected industry sectors and business activities.
A Sole Proprietorship is a business owned by an individual, not a company. This individual will possess 100% of the business, control the all part of its activities and keep 100% of any profits. He or she will likewise be 100% in charge of business obligations and some other financial commitments.
A 0 is an adaptable type of enterprise that mixes elements of partnership and corporate structures. An LLC must have between 2-50 investors, every one of whom is liable just to the extent of his or her share in the company’s capital. Except for public shareholding organization, an LLC can be changed to any other legal form.
A Representative Office for Commercial Activities isn’t a business structure in its own right but it’s a business activity that a branch can conduct. It has its own criteria, which incorporates the authorization to promote and market the business of the parent company – however not conduct business operations. A Representative Office requires a Local Service Agent (LSA), who can be a UAE National or a company owned by at least one UAE Nationals.
The Agent’s duties towards the company and third parties shall be limited to rendering necessary services to the company without his bearing any financial liabilities or commitments related to the company or its branches and offices inside and outside the State.
A Branch of Dubai- based Company must carry out one or all the activities that are included in the main company license. For a company having multiple branches, each branch can carry out various activities as long as they are all included in the original license for the main company.
A Branch of a UAE-based Company must carry out one or all the activities that are included in the main company license. Different activities can be undertaken by each branch for a company with multiple branches, as long as they all were included in the original license for the main company.
A Branch of a GCC-based Company must carry out one or all the activities that are included in the main company license. Different activities can be undertaken by each branch for a company with multiple branches, as long as they all were included in the original license for the main company.
While other GCC countries may follow various rules in terms of combining activities, for Dubai branch licenses, activities of the same group only will be accepted, regardless of whether other activities are registered in the GCC main company.
A branch of a free zone company can practice professional, commercial and industrial business as long as the main company’s activity is authorised in mainland Dubai. If the main license of your company was issued in a UAE free zone, (not as a branch of a foreign company), then you can obtain a branch license from DED in order to expand your operations to mainland Dubai.
An Intelaq License Company can only be established by UAE Nationals. It is a home-based business which can conduct almost any type of professional, trade or artisan business. The business must be reasonable to operate in a residential atmosphere. The environment or the health of a person must not be harmed by the business and also should not generate noise or other irritants that could negatively impact neighbours. The following legal forms can be taken: Sole Establishment, LLC, Civil Company and Partnership. Intelaq license holders are not allowed to sponsor employees.
An SME license can be given to businesses that are owned 100% by UAE Nationals and can take any legal form. This license is valid for three years and permits the owners to sponsor employees.
Office # 213 & 214,
6 EA Building, DAFZA
Dubai Airport Free Zone
PO Box: 371473
+971 425 04150
+971 504 825561
Office # 2 & 3, Z Bldg
Old HSBC Bank, Sharjah
Airport International Freezone
PO Box: 122390
+971 6557 9726
+971 504 825561
Please fill this form (All information below are mandatory). This data is required by AURION for knowing the Client and all the details entered herein will be kept strictly confidential.