Have decided to open your own business in the UAE in the field of retail, consulting services, car rental services, restaurant business, medical services?
The first step will be registration, namely registration of the mainland company. This is a company outside the Free Economic Zones but licensed to operate in all the UAE.
Such companies have very clear advantages in the form of cooperation with other similar companies and conducting activities in the territory of all 7 Emirates, and most importantly - the ability to work directly with the public sector and government authorities.
However, it is worth noting that there are some nuances. The maximum amount of shares of the company for a foreign investor can be no more than 49%, the rest must be owned by a citizen of the UAE (local sponsor). As for the legal form of the company, the most popular in the Emirates is the form of LLC (limited liability company).
If your company is going to offer the public professional services, then you can register it in civilian form. In this case, you, as a foreign investor, are entitled to a 100% of shares of the company’s capital. A citizen of the UAE will play the role of an agent for relations with government authorities of the Emirates. One of the prerequisites is confirmation of the necessary competence within the company.
If you have any questions related to company registration or business setup and migration to the United Arab Emirates, contact us via email: email@example.com or via the contact form and online chat. We are glad to advise and provide all the necessary information.