Incorporating a company in UAE involves various steps and requirements. The process can vary depending on the type of company and the emirate in which you want to establish your business.
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Limited Liability Company (LLC)
This is the most common type of company formation in Dubai and is suitable for most types of businesses. An LLC must have at least one local sponsor (a UAE national who holds a 51% stake in the company) and at least one foreign partner (who holds the remaining 49% stake).
Free Zone Company
These companies are formed in one of Dubai's designated free zones and offer benefits such as 100% foreign ownership, no corporate tax, and no restrictions on repatriation of capital and profits.
Sole Proprietorship
This is the simplest form of business setup in Dubai, suitable for individuals who want to operate their own business without partners.
Branch Office
This is a type of company formation that is suitable for foreign companies looking to establish a presence in Dubai. A branch office must be registered with the Dubai Department of Economic Development (DED) and must have a local agent.
The Process
The process of company formation in Dubai typically involves selecting a business structure, obtaining a trade license, registering for VAT, securing any necessary approvals or permits, setting up a business location, and registering with the Dubai Chamber of Commerce and Industry. It is always recommended to consult with local business setup consultants or firms to assist with the process and ensure that everything is done correctly and efficiently.
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