What are types of Business In Dubai?
The principal forms of business structures are:
 Limited Liabilities Company.
Professional License.
What are differences between the two types of license?
The principal forms of business structures are:
The main differences between the two forms of license are:
L.L.C.: Owners have limited personal liability for the debts and actions of the LLC. Other features of LLC are more like a partnership, providing management flexibility and the benefit of pass-through taxation.
Professional License: A Professional License is a type of company formation structure in Dubai whereby the foreign investor or foreign owner has 100% ownership of the company. It is compulsory to appoint a local UAE Partner for this type of company also, with the only exception being that the local UAE Partner does not own any equity in the company.
Is it possible to establish a limited liabilities company for several business activities?
No, limited liabilities companies are restricted to trading and industrial activities, and civil business companies are established for practicing professional activities.
What are the formalities for registration of the Business?
Once we have decided on the right company for you the Following processes and fees are paid:
Initial approval from economic department
Trade name approval
Foreign Company Name fees
Notary fees for court (depend on company share capital)
Typing LLC contract (Arabic & English)
Ministry of economic fees
Trade license fees
Owner accommodation fees (per partner)
Government cultural fees
Commercial services fee
Commercial license - Tejari fees
Chamber of commerce
Waste fees municipality
Commercial services improvement fees
License fees
Auditor's report fees
5% of office rent for registered address
Partnership Fee
Do I need a local Partner?
Yes, to operate any kind of business we need local Partner in U.A.E.
How many partners can we have in the Company?
We can have minimum of 2 partners and maximum of 42 partners in the co. (U.A.E. Partner 51% + Expat 49%
What is Role of Local Partner?
The local partners will only be the Partner of the company and will not interfere in any transaction and has nothing to do with any activity of the company. In this arrangement, the local UAE Partner is usually paid an annual "Partinership fee" in return for giving, in return the Partner will give all services like licensing with govt. dept such as economic, labor and immigration dept. Management control of the company will always be with the foreign investor. This is why finding the right local UAE Partner is crucial to the success of your business.
What is the security for 51% in local share?
As per the law 51% of local share belongs to U.A.E. national but a side agreement should be sign by both the partner and local stating that the local partner will take the fixed yearly remuneration and everything belongs to investor. As it is compulsory to appoint a local UAE Partner for any type of business.
We have a panel of reliable and trustworthy local Partners. Our Partners range from local UAE nationals who can expedite the various business requirements for you to Partners who can give you tremendous clout and visibility by being a member of your board. Some of our Partners are business tycoons and the mere mention of their names will bring immediate recognition and respectability to any new business venture in Dubai. This is crucial when approaching various government departments for permits.
How much time does it take to establish a Company?
It takes approximately 5-7 working days depending on the availability of required documents from you.
Do I need to register the name of the co. and if yes, where and how?
Yes, you have to give min 5 names to check for their availability with economic dept, we’ll register the name if it is available within the list. If the investor can provide more names, the possibilities of the getting name will be faster.
Trade License is valid for how much time?
You need to renew your trade license after every one year based on Annexure-2. Normally the license is issued for one year and the same has to be renewed every one year.
What is the Benefit of registering the L.L.C. COMPANY?
Once we have decided on the right company for you the Following processes and fees are paid:
You can become the Managing Director or the partner of the co.
You can operate without the interference of the local
You can Partner your family and enjoy the business status in U.A.E.
All business activities carried out in Dubai are tax free at corporate and personal level.
What is the Benefit of registering the L.L.C. COMPANY?
Once we have decided on the right company for you the Following processes and fees are paid:
No personal income tax
No taxes of any sort and no tax department
No filing of accounts
No tax exchange agreements with ANY country
No public record of directors or shareholders
Highly flexible banking system geared to the requirements of high net worth international investors
In short, Dubai offers the offshore solution for the 21st century
Is my partner required to be here to form the company?
To form the company we require the partner presence one time to sign the M.O.A. with notary public.
Procedure of starting Different types of Business?
Investor can initiate any kind of business by taking the approval from Govt. Docs, required for formation of Co.
Passport Copy of the investors.
If investor is visa holder N.O.C. from the current Partner.
Min 5 names to be provided for registering Trade name.
Tenancy contract of the premises.
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