How to register a company in Dubai

1 ANSWERS

1. Mitchel
   

    There are several categories of licences available which can be broadly classified under following categories:

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

   These licences can be obtained from the Dubai Economic Department. Financial guarantees by a bank operating in Dubai may be required for some trade activities like jewellery and insurance. All commercial and industrial enterprises in Dubai must register with the Dubai Chamber of Commerce and Industry.

   All UAE established companies must have fifty-one per cent participation by UAE nationals except in the following cases:

   Within the Jebel Ali Free Zone;
   Business activities which are 100% AGCC owned;
   Where wholly owned AGCC companies enter into partnership
   with UAE nationals;
   Where foreign companies register a branches or representative
   office in Dubai;
   Certain business practices where the law stipulates 100% local
   ownership;
   In certain professional or artisan business practices where foreign
   ownership is permitted. The law also defines the requirements in
   terms of shareholders, directors, minimum capital levels and
   incorporation procedures and stipulates provisions governing
   conversion, merger and dissolution of companies.

   The seven categories of company formation defined by the law are:

   General partnership Company
   Partnership-en-commendam
   Joint venture Company
   Public shareholding Company
   Private shareholding Company
   Limited liability Company
   Share partnership Company

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