We can turn your dream of setting up a business in Dubai into reality. We provide a host of entities to suit your requirements that will allow you to establish your business at the hub of one of the fastest growing economies in the world.
Any established company, whether in the UAE or abroad, can register its branch in the Dubai. The activity that the branch proposes to conduct in the Dubai must be identical to the activity conducted by the parent company abroad.
An FZCO is a legal entity incorporated/registered with a minimum of two shareholders. Shareholders can be either individuals or non-individual(s)/corporate.
Generally referred to as an LLC or Limited Liability Company.
Limited Liability Company (LLC) is the most common form business in UAE. A Limited Liability Company can be formed by a minimum of 2 and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital. Most companies with foreign partners have opted for the Limited Liability Company, due to the fact that this is the only option that’ll give maximum legal ownership i.e. 49% to the expatriates for a local business. As it is mandatory to have a UAE national as a partner in the LLC (51% shareholding) prospective investor has the option to choose the one UAE national (sponsor) as a partner in the company. LLC is flexible and differential profit sharing arrangements also possible. This permits the foreign investor a great edge as 51% legal equity is with local partner. While foreign equity in the company does not exceed 49%, profit and losses can be shared at a ratio different from the share capital. Some of the benefits include:
An FZE is a legal entity incorporated/registered by a single shareholder. The shareholder can either be an individual or a non-individual/corporate.
Important aspects of an FZE/FZC. An FZE / FZC are both limited liability entities. Not only natural persons but juristic persons like Companies can also incorporate FZE/FZCs in UAE Free Zone. FZE / FZC's, like branches of local or foreign companies, will have to get a Free Zone License after incorporation/Registration. An FZE will be sole shareholder company. An FZC will be multi shareholder company with 2 to 5 shareholders. No share may be transferred without prior written approval from the freezones. The Financial Years shall be from January to December each year, except the commencement of the first year which shall be the date of Incorporation.
Minimum Legal RequirementsFree Zone Establishments (FZE) / Free Zone Company (FZC) should abide by the FZE / FZC Implementing Rules and Regulations. FZE Implementing Rules and Regulations are equivalent to its Memorandum and Articles of Association where as FZC Implementing Rules and Regulations are equivalent to its Articles of Association. FZE/FZE should submit its audited financial statements to UAE Free Zone Authority every year within 3 months from the end of the financial year. There should be at least 2 Directors and a Secretary for FZE / FZC's. The offices of Director and Secretary may be held jointly by a single person.