Interesting facts:Virtually 60% of the Emirates’ GDP derive from foreign capital investments income. Full version
Each Emirate has its own terms and procedures for company registration, furthermore on the territory of the Emirates there are numerous Free Trade Zones with their own features and peculiarities. The choice of Free Trade Zone and the Emirate may depend on several factors described below:
License constitutes principal legal document authorizing the company to operate its business. Licenses for performing any business are issued by administration of free trade zone or municipal government of the Emirate. Depending on the types of business, licenses may be of the following types:
Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:
The following types of companies are registered in the Emirates:
In majority of cases foreign companies consider the possibility of registering its subsidiaries and branches in free trade zones of the UAE. This is primarily due to the fact that foreign ownership of 100% interest in legal entities is allowed for free trade zone companies.
In comparison with FTZ, registration of a company at local market is subject to compulsory participation of local partner or sponsor.
One of the principal requirements for incorporation of onshore company entails obtainment of permissions for registration and name reservation of registered company. Subsequently, it is required to execute all documents and to open bank account. Eventually, you shall receive the following documents:
For foreign investors, registering a company in the UAE, there are following advantages:
In order to choose right status and structure of incorporated company, you should have some certain knowledge on local laws and business practices. Evaluation of existing opportunities and determination of strategic goals of your business will ensure success of your business and will protect your business and material interests.
Our company offers maximum support in resolving the aforesaid issues. Our specialists have long experience and posses best practice relating to starting or expanding existing businesses. We will prepare all required documentation and will provide you with professional services at all stages. If you have decided to incorporate a company in the UAE you should rely on professionals and get the desired result within the shortest period of time and with complete compliance of all applicable regulations.
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