Requisites for doing business in uae
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Requisites for doing business in UAE www.hlbabudhabi.com
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UAE is one of the prior business destinations in the world and its company formation is very much reputable, regulated, international trading solution
Transcript of Requisites for doing business in uae
UAE: Business overview
UAE is one of the prior business destinations in the world and its company formation is very much reputable, regulated, international trading solution.
UAE: Business overview
While planning any business in UAE, it is essential to pursue certain important steps in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefits for the business owners.
Important steps to followSubmit the company registration application
form and proposed company name to the Department of Economic Development (DED)
Notarize the company’s Memorandum of Association in DED
File company documents with Department for Economic Development (DED); obtain trade license and the Chamber of Commerce and Industry certificate
Important steps to followCreate a name boardApply for establishment card at the Ministry
of LaborRegister native workers with the Ministry of
LaborRegister employees/workers with the
Ministry of Labor and General Authority for Pension and Social Security
Three categories of licences offered
Commercial licences covering all kinds of trading activity.
Professional licences including professions, services, craftsmen and artisans.
Industrial licences for establishing industrial or manufacturing activity
Seven categories of business organization
General partnership companyPartnership-en-commendamJoint venture companyPublic shareholding companyPrivate shareholding companyLimited liability companyShare partnership company
UAE ownership requirementsFifty-one per cent participation by UAE nationals is the mandatory requirement for all UAE established companies except:Where the law requires 100% local ownershipIn the Free Trade Zones where 100% foreign ownership is
permittedIn activities which are open to 100% AGCC ownershipWhere wholly owned AGCC companies enter into partnership
with UAE nationalsIn respect of foreign companies registering branches or a
representative office in Dubai.professional or artisan companies where 100% foreign
ownership is permitted.
Contact Us
HLB HamtOffice No: 1102, 11th floor,Sorouh Building, Al Nayan Camp,Muroor Road, Abu DhabiUnited Arab EmiratesTelephone: +971 2 446 2005FAX: +971 2 446 2006E-mail: [email protected]
