Company Incorporation

Incorporation procedure in UAE is a simple step by step process and does not require endless visits to a lawyer at every juncture of company formation. The procedures for incorporation in UAE are recognized to be a legal one and it includes the registration of company name and licensing of business activity.

LICENSING

The basic requirement for all business activity in Dubai is one of the following three categories of licenses:
  • Commercial licenses covering all kinds of trading activity.
  • Professional licenses covering professions, services, craftsmen and artisans.
  • Industrial licenses for establishing industrial or manufacturing.

The good news is that UAE Cabinet passed Cabinet Resolution No. 16 of 2020 on 17 March 2020, concerning determination of the ‘Positive List’ of economic sectors and activities eligible for foreign direct investment (‘FDI’).

Previously, foreign investors could hold up to 49% of a mainland UAE company. Federal Decree-Law No.19 of 2018 on Foreign Direct Investment (FDI Law) was published in September 2018. This provided a mechanism under which foreign shareholders could own up to 100% shares of a UAE mainland company.

The key steps to set up a business in a free zone.

  • Determine the type of legal entity.
  • Choose a trade name.
  • Apply for a business license.
  • Choose an office space.
  • Get pre-approvals, register your business and get your license.

Now, there are more than 45 free zone companies in UAE. Each free zone has its own rules and regulations.

 Our lawyers can assist you in establishing your business in UAE by advising you on the best form of business that can satisfy your ambitions and budget.

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