Business Set-up in UAE

Local LLC & sole establishment formations
Arrangement of local sponsors / partners
Corporate advisory and management
All types of immigrations and labor typing
All types of municipality & chamber of commerce documents preparing
Also we do the arrangements of bank guarantee for visa Purposes.

A UAE free zone company can be established in the following ways:

A branch of an existing company

Foreign branch - A foreign affiliate that is legally a part of a firm residing outside of the UAE
Local branch - A domestic affiliate that is legally a part of a firm residing in the UAE

A new establishment

Free Zone Company - A new business entity which is owned by 2 – 5 partners
Free Zone Establishment - A new business entity with a sole business owner
Such companies can be owned 100% by foreign investor with no involvement of local partner or sponsor.

A UAE Free Zone company offers the following incentives to investors:

• 100% foreign ownership
• No corporate taxation for 50 years – a concession that's renewable
• Freedom to repatriate capital and income in totality
• No personal income tax
• Full exemption from import duties
• No currency restrictions
• No bureaucratic red-tape
• No recruitment problems
• Modern efficient communication
• State of the art infrastructure
• Abundant energy
• Attractive working environment

Limited Liability Company (LLC)

• Limited Liability Company is one with limited liability, where the number of partners may not exceed fifty and should not be less than two.
• Each of the partners shall only be liable to the extent of his share in the capital. The partners’ participation should not be represented by negotiable certificates.

In addition, an LLC has the following legal and commercial characteristics:

• The minimum share capital must be AED 150,000 divided into equal shares with a minimum face value of AED 1.000 per share. (For most of the Commercial Industrial activities except General Trading AED. 3 million contracting 1 million Commercial/Industrial/Agricultural holdings and trust companies AED 3 million)
• UAE nationals must hold at least 51% of the shares.
• Public subscription for raising capital is not permitted.
• The management or managers are appointed by Memorandum of Association, by a separate management contract or the general assembly of the partners.
• Managers may be one or more of the partners or any other parties provided that they do not exceed a total of five persons.
• It is possible to provide in the Memorandum of Association that the profit and losses will be shared in a ratio different to that of the share capital ratios.
• It is necessary to appoint an auditor who must be accredited in the UAE.

Legal Forms of Business Structures Individual Establishment:

It is an establishment owned by a sole proprietor to operate an economic activity (commercial, professional, industrial, agricultural or real estate). An establishment’s financial liability is linked to the proprietor who shall be responsible for all its financial obligations.

Arrangement of local Sponsors/Partners

The Basheer Typing Office will provide you all the help as far as the setting up the business are concerned. We make it sure that you are in the hands of a right partner for your business and therefore we specialize in finding out the right sponsors for your business. Our past records will show you an impressive list of the sponsors who have been actively and keenly involved in the business activities.