UAE ONSHORE

UAE ONSHORE

Dubai Commercial License


According to Article 22 of the Companies Law, there must be a minimum holding of 51% by the UAE national although by Article 227(2) it is made clear that the distribution of profits and losses of this entity can be done disproportionately to the shareholdings. In effect, this entity can have a local owning 51% percent, but being paid a lump sum annual payment to act as a local sponsor.

DUBAI COMMERCIAL LICENSE CHARACTERISTICS
Company Type Limited Liability Company
Governing Corporate Legislation Dubai Economy
Company Officials Names Disclosure Not Required
Confidentiality Complete
Accounting Requirement Accounts & Auditing is Required
Taxation No Corporate or Personal Taxation
Legislation UAE Federal law and UAE Companies Law
Standard Currency AED Pegged to USD
Company Formation Duration 5 Working Days
Local Sponsor Local Sponsor is Required, Holding Minimum of 51% Shares
Visa Type Residence