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SFM IN PRESS

How to start a business in Dubai

30 March 2020

In the long-term, the United Arab Emirates GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021 and 2.30 percent in 2022, according to econometric[..]

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Why set up your free zone company in Dubai South?

22 March 2020

The Dubai World Central/Dubai South is comprised of eight districts: logistics, aviation (including Al Maktoum International Airport), humanitarian, residential, commercial, leisure, exhibition and commercial.[..]

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DUBAI COMMERCIAL LICENSES

Our Commitment

  1. Your Dubai Commercial License issued within 5 working days. *
  2. Competitive and transparent pricing
  3. Complete confidentiality
  4. UAE Residency Visa for you and family members.
  5. Setting up your company with a bank account including eBanking and debit card
Dubai Commercial License

Dubai Commercial License Company characteristics:

Company type Limited Liability Company
Governing corporate legislation Department of Economic Development Dubai
Information published relating to company officers No public register of company officers
Confidentiality Complete confidentiality
Accounting requirement No accounting or reporting requirements
Taxation No taxes
Legislation UAE Federal law and UAE Companies Law
Standard currency UAE Dirhams pegged to USD
Time to form 5 working days
Communication Efficient communication
Local sponsor requirement Local sponsor is needed, holding minimum of 51% shares
Residence Visa issuance Residence Visa issued

Information concerning Dubai Commercial License

Dubai Commercial License Company

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.

If you want to learn more about professional licenses available in the UAE, check out Dubai Professional Licenses here.

* Please see our Terms & Conditions