Company Formation
Company Formation in UAE Mainland
The United Arab Emirates (UAE) is a highly sought-after location for businesses seeking a strategic foothold, offering a host of attractive benefits for investors. This is evidenced by the steady increase in expatriate presence in the region year after year. When establishing a business, however, it is essential to carefully decide on the ideal business structure, operational approach and revenue model.
Having a mainland company in the UAE is an invaluable asset for businesses seeking to establish a significant presence in the local market. Nonetheless, all entities operating in the UAE mainland are required to obtain licensing from the Department of Economic Development. There are various companies you can choose from, including Limited Liability Company (LLC), Civil Company, Joint-Stock Company and more.
The steps involved in forming a mainland company in the UAE include:
- Choosing and registering a trading name
- Obtaining initial approval
- Crafting a Memorandum of Association (MOA) and Local Service Agent
- Acquiring Business License
Company Formation in UAE Free Zone
Foreign investors, especially the Pakistani community, looking to establish their business in the United Arab Emirates (UAE) can benefit from the formation of a free zone company, which permits full ownership of the company without the need for a local sponsor. GCC Legal Consultants in the UAE can offer legal advice and assistance in forming a company in all major free zones across the UAE.
The Emirate of Dubai boasts specialised free zones such as Jebel Ali Free Zone, Dubai Internet City, Dubai Media City, Dubai Multi-Commodities Centre, and several others, where industry-specific companies are granted licenses to operate. Smaller businesses, however, may prefer to establish themselves in the free zones located in other, smaller Emirates, such as Sharjah, Fujairah, and Ajman, where business set-up costs are generally more economical.