Incorporating a business in UAE

Incorporating a business in UAEwww.hlbjafza.comUAE is one of the prior business destinations in the world.As it is not perceived as an offshore company in a tax haven,UAE company formation is a reputable, regulated, international trading solution. Registering a company in UAE is an excellent, long term option for any investor.Requisites for a incorporating a new business in UAEPrior to operating any business in UAE, it is first necessary to follow the steps outlined below in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business ownerSubmit the company registration application and the proposed company name to the Department of Economic Development (DED)Notarize the companys Memorandum of Association in DEDFile company documents with the Department for Economic Development (DED) and obtain trade license and the Chamber of Commerce and IndustryMake a name boardApply for establishment card at the Ministry of LaborRegister native workers with the Ministry of LaborRegister native workers with the General Authority for Pension and Social Security

The basic requirement for all business activity in UAE is one of the following three categories of licences

Commercial licences covering all kinds of trading activity.Professional licences covering professions, services, craftsmen and artisans.Industrial licences for establishing industrial or manufacturing activity

UAE Ownership RequirementsFifty-one per cent participation by UAE nationals is the general requirement for all UAE established companies exceptWhere the law requires 100% local ownershipIn the Free Trade Zones where 100% foreign ownership is permittedIn activities 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 UAE.Professional or artisan companies where 100% foreign ownership is permitted.

The seven categories of business organization defined by the law areGeneral partnership companyPartnership-en-commendamJoint venture companyPublic shareholding companyPrivate shareholding companyLimited liability companyShare partnership company

The various types of companies that can be registered in UAE are the belowFree zone companyOffshore companyLimited Liability CompanyBranch and representative officesMainland companies(trade)

HLB Hamt will work with you to handle your business setup in UAE from start to finish.

HLB Hamt will help you evaluate the structure that will work best for your company.

We give strategic inputs, help you evaluate and select the right form of company to register in UAE, work with you on your business plan, handle paperwork and documentation formalities. In short, we handle everything you need.Contact UsHLB Hamt18th floor, Suite 1801City Tower -2, Sheikh Zayed RoadPO Box No 32665Dubai - United Arab Emirateswww.hlbjafza.com