UAE business setup is only the beginning of the partnership that BizTrack aims to build. We see each of our clients as strategic partners and since our inception we have aimed to be a one stop shop for all aspects related to not just setting up but completely establishing your organization in the UAE.
Join us for a UAE business setup journey that is geared for your growth as we build a revolutionary model for the UAE marketplace, to serve full scale solutions starting from company registration with value added services, hassle free legalese, and flexible payment plans with an in house team that boasts years of industry experience and wide domain expertise, your queries are aptly factored into the equation as we are focused on making the process as convenient and straightforward as possible.
The Where, What and How To’s of UAE Business setup
When it comes to UAE business setup, choosing the right location and selecting the trade license that is best suited to you can seem like a daunting task but it is in fact the most crucial factor to establishing a successful business in the UAE.
Here are the main components of UAE business setup and a brief overview of the company formation process:
Wholly Foreign Owned Entities
Under the commercial companies law which regulates business setup within the seven Emirates, only the following business entities can be completely foreign owned
1. Free Zone Companies
Foreign entrepreneurs can proceed with UAE business setup in the form of a Limited Liability company within Free Zones without the participation of a UAE National in the shareholding.
Key advantage: Free zone companies serve as the perfect regional distribution or holding center for an international trading company, the bulk of whose business is conducted outside the UAE.
2. Professional Services Companies
UAE business setup with a professional services company begins as a Limited Liability Company that provides professional services in the UAE without having an Emirati partner :
Although an Emirati partner is not required, this business entity is mandated to appoint a local service agent and a local auditor before the commencement of their operations.
Key advantage : This type of UAE business setup is recommended for clients who are looking to engage in professional services including legal and accounting firms, IT, management and marketing consultancies.
3. UAE Branch Office
This UAE Business setup option is mainly for foreign companies looking to set up operations within the UAE without registering a local office by establishing a branch office to invoice customers in the UAE, sign local sales contracts, and receive income from local customers.
Key Advantage : This type of business entity is mainly for those who are looking to set up their business headquarters in the UAE.
4. Offshore Companies
UAE business setup with this business entity is incorporated in one of the offshore business centres in the UAE, without a physical presence. This type of company is not permitted to conduct business in the UAE, including Free Zone areas, this type of company can only conduct its business outside the UAE.
Key advantage : this type of company is recommended for foreign entrepreneurs looking to work with the African, Middle Eastern and Asian markets without incurring any tax liabilities.
Business Entities that Mandate Local Shareholding
1. Limited Liability Company (LLC)
UAE business setup with a Limited Liability company requires at least 2 shareholders, one of whom must be a UAE national with 51% of the shareholding attributed to him.
Key advantage: The Limited Liability Company is the most popular form of foreign entity for foreign investors looking to conduct their business in the UAE mainland
2. Limited Partnership
UAE business setup with limited partnership can be forged by at least one general partner who will be liable for the partnership’s liabilities to the full extent of its assets and one participating partner only liable to the extent of their individual investments and shares.
Key advantages: The Limited partnership business entity is recommended for professionals in such fields as law, accounting, and auditing firms.
Get complete access to the legal guidance that you require through BizTrack with value-added services from our team of experts along with a free consultation on where you can begin your business planning today!
Write a Reply or Comment