If you would like to set up business in Dubai or any other Emirate of UAE, our group of professionals will be glad to provide you with consultancy services and answer any question about how to set up a business in Dubai.
There are three types of companies you can start up in the United Arab Emirates:
- OFFshore Company
- 100% owned business in Free Economic Zone
- LLC Company – Limited Liability Company with local partner
One of the ways to set up business in Dubai is Limited Liability Company with local sponsor as a partner (further LLC). According to UAE legislation, foreign investors can legally own only 49% of shares, though 51% of the rest shares belong to UAE national partner. Usually, along with Memorandum, both parties sign additional agreement according to which local sponsor cannot influence on company governance and get company's profit. However, it is obligatory to pay annual remuneration to the sponsor. Such kind of business relation is similar to as nominal director for offshore company.
- Onshore LLC benefits
- 100% LLC ownership
- Foreign company subsidiary in UAE
If you are still interested in setting up business in Dubai with 100% ownership, despite all the following benefits of LLC, you can refer to our article "How to set up a business in Dubai in Free Trade Zone" in order to get more detailed information. Another option to register business in UAE with 100% ownership is a branch or subsidiary of foreign company in UAE or you can get professional license.
Setting up a business in Dubai, UAE – LLC and its benefits
Key benefits of the Limited Liability Company in UAE:
- Business activity on the whole territory of the UAE
- Possibility to participate in governmental tenders
- Possibility to open office anywhere in Dubai or other Emirates
- No duty fees on export of goods
- Only 5% duty free on goods import
There are other benefits which are granted according to the specificity of business activity. You can get more detailed information and consultation about all the privileges of LLC by sending us online request.
If you plan to set up business in Dubai and your choice is LLC, it is very important to choose your partner carefully and conclude your contract thoroughly. Setting up business in Dubai is one our key activities of our company. We will help you to choose reliable local partner and draft up your memorandum, contracts and any additional agreements in order to secure your investor rights so you would be able to manage your company on your own.
How to set up business in Dubai with "Professional License"
Setting up business in Dubai - LLC with 100% foreign capital.
There is a possibility to set up a business in Dubai when a foreign investor is 100% stockholder; however, your business activity should be in professional services such as medicine, consultancy, engineering, jurisdiction, etc. This type of license does not allow any type of trading activity. Moreover, you have to sign a contract with service agent who will be an official representative of your company in government authorities.
How to set up business in Dubai - a branch or subsidiary of foreign company
Setting up a business in Dubai – registration of LLC with 100% of foreign capital
If you are up to register a branch or subsidiary of your foreign company on the territory of UAE, it will be 100% business ownership. However, again, you will have to sign a contract with service agent to be an official representative for local authorities.
If you would like to set up business in Dubai or you are interested in information about how to set up business in Dubai, please send us online request or contact us by phone/Skype. Our qualified consultants will answer all your questions and will give you a proper advice on how to set up business in Dubai or any other Emirate of the UAE.
We are the best and fastest in setting up a business in Dubai!!