Licensing offers distinct advantages within the domains of economic development and free zones in the UAE. This nation creates an optimal business environment for both investors and entrepreneurs, affording them remarkable flexibility. Whether one wishes to establish a business anywhere in the country or within designated free zones, the UAE provides unparalleled infrastructure facilities, access to professional expertise, and personalized services. Each of these options is equipped with unique advantages that align with the investor’s specific objectives and business activities.
Mainland
(Why Dubai Mainland for Business Setup? – High Plan Documents Clearing Services (highplanservices.com)
Capital
1. Public Shareholding Company Capital Requirements:
- To establish a public shareholding company, the capital requirement stands at a minimum of 30 million dirhams.
2. Private Joint Stock Company Capital Requirements:
- For a private joint stock company, the capital must be no less than 5 million dirhams.
3. Capital Requirements for Other Company Types:
- It’s noteworthy that the UAE’s Companies’ Law does not prescribe a specific minimum capital requirement for other types of companies.
Legal Forms
- Sole Establishment
- Public Joint Stock Company
- Joint Liability Company
- Limited Liability Company
- Foreign Branch
- Private Joint Stock Company
Foundation
1. Assess the activity’s scope.
2. Decide on the appropriate legal structure.
3. Reserve and register the trade name.
4. Request initial approval.
5. Execute the memorandum of association.
6. Select a business address or location.
7. Secure any required governmental authorizations.
8. Complete fee payments and acquire the license.
9. Enroll with the Chamber of Commerce.
Features
1. Freedom to conduct business anywhere within the country.
2. No limitations on the issuance of visas.
3. Absence of personal income tax.
4. Exemption from corporate taxes, excluding oil companies and foreign banks.
5. Full ownership of businesses, except for those deemed strategically significant.
6. No requirement for a local citizen to partner in economic activities.
7. No need for a local services agent to establish branches of foreign companies.
8. Establishment of businesses involves a streamlined process with approvals from the Department of Economic Development and other relevant authorities for official registration.
9. Boasts modern infrastructure and adaptable government policies.
Free zones
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Capital
- The capital requirement for a business is contingent upon its specific nature.
- Certain free zones have no stipulated minimum share capital obligation.
- Conversely, certain zones mandate a minimum share capital threshold.
Legal Forms
- Free Zone Limited Liability Company (FZLLC)
- Free Zone Company (FZC)
- Free Zone Establishment (FZE)
Foundation
1. Identify the nature of the business activity.
2. Choose the appropriate legal structure.
3. Reserve and register a trade name.
4. Select suitable office and workspace locations.
5. Acquire the “initial approval” for the free zone license issuance.
6. Complete the establishment registration, pay the necessary fees, and obtain the license.
Features
1. Diverse and specialized options available within free zones.
2. Full ownership (100%) of your project.
3. Complete exemptions from import and export taxes.
4. Compliance with the specific regulations of each free zone authority.
5. Full repatriation of both capital and profits.
6. No corporate taxes applicable.
7. No personal income taxes imposed.
8. Streamlined startup and licensing procedures.
9. Mandatory office space requirement, with potential for residency visas based on office size.
10. Strategic location near key trade hubs like seaports and airports.
11. No need for a service agent.
12. Ability to conduct activities both regionally and internationally.
13. Supported by modern infrastructure and flexible government policies.
14. Access to top-tier facilities known for their sophistication and quality.