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  • DUBAI COMMERCIAL COMPANY FORMATION

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News

SFM IN PRESS

Changes to UAE Policies on Business Ownership and Residency

28 June 2018

The United Arab Emirates, which previously did not allow 100% ownership of foreign business entities or long residency, recently changed both policies. In a move that’s delighted business leaders right across the board, the country’s cabinet announced the changes would come into effect at the end of the year.[..]

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Our approach to protect data

20 May 2018

Much echo is being given nowadays to the looming implementation of the new European regulations regarding the processing of personal data, the General Data Protection Regulation (GDPR), and not only in the European Union.[..]

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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 typeLimited Liability Company
Governing corporate legislationDepartment of Economic Development Dubai
Information published relating to company officersNo public register of company officers
ConfidentialityComplete confidentiality
Accounting requirementNo accounting or reporting requirements
TaxationNo taxes
LegislationUAE Federal law and UAE Companies Law
Standard currencyUAE Dirhams pegged to USD
Time to form5 working days
CommunicationEfficient communication
Local sponsor requirementLocal sponsor is needed, holding minimum of 51% shares
Residence Visa issuanceResidence 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.

* Please see our Terms & Conditions