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SFM IN PRESS

Now is the right time for re-domiciliation in the UAE

2 July 2020

Why is now the perfect time to consider domiciliation for the UAE? [..]

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Essential things you need to know about VAT registration in the UAE

8 April 2020

Value added Tax or VAT was introduced in the UAE on 1st January 2018 at the rate of 5% [..]

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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