Setting Up Business

Under UAE law, foreign entities interested in establishing a formal presence in the UAE have five options: create a permanent establishment, of which there are seven different types; establish a branch office; create an entity in a UAE free zone; create a civil company (only in Sharjah and Dubai); or enter into a commercial agency agreement.

The UAE Commercial Companies Law (CCL) requires that each company established in the UAE has one or more UAE national partners who hold at least 51 per cent of the company’s capital. Companies that undertake certain activities (oil industry, production of electricity and gas, treatment and distribution of water) are exempt from the 51 per cent requirement. Companies established in free zones are also exempt from the 51 per cent requirement, if the relevant free zone has special provisions regulating the company. Foreign banks are exempt from having to appoint a sponsor.

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How to Choose an Office Space for Rent in Dubai For a Start-Up Company?

Are you a start-up company seeking just the right work environment to suit your budget? Starting a business can be a bit daunting because landing in an unsuitable office space may do more harm than good to your development. It could cost not only your enterprise but also your prospects and the entire team. Location can certainly make or break any business hence, choosing the ideal office space for rent in Dubai is crucial to your organization’s success. Needless to say, startup companies don’t have the means to rent a commercial space in a building tailor-made for offices. There are even those that rent some space within residential areas which clearly, don’t provide you with a professional image. Yet, business owners in Dubai now have smart options to ease the problem of finding the suitable office spaces. Virtual Offices Dubai Are you familiar with the term? A virtual office is the popular excellent solution for organizations most especially those that are just starting up. Condu...

5 STEPS IN SETTING UP A BUSINESS IN DUBAI MAINLAND

If planning to set up company in Dubai , it is crucial to understand that establishing a business on the mainland is not the same as starting in free zones. While there are similarities in the process of setting up your businesses, please note the key differences in establishing a business on the mainland. Ownership In free zones, foreign investors are allowed 100% ownership. If you’re looking to start business in Dubai mainland, you will have complete control over your business, but having a local sponsor is required. Authority Businesses in the mainland are monitored by the Department of Economic Development or DED while those in free zones are regulated by independent governmental bodies or non-governmental free zone entities or authorities. Location While companies in the free zone are only allowed to operate in areas within the free zone or overseas, companies in the mainland can do business anywhere in the country and around the world. Read More here

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