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Setup your business in the UAE with ease!

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Understanding the Legal Structure of UAE Company

When starting a company in the UAE it is important to understand and define the framework and legal structure of your business. Every business structure has its own features, benefits, and considerations that can make a big impact on your business and its activities. So, it is important to make informed decisions while selecting the business legal structure, and its activities according to your business plan and goals.

The best way to make an informed and accurate decision is to get professional help from the best business setup consultants in Dubai, such as WeSetupBusiness, with years of experience and a deep understanding of UAE rules and regulations. They can provide you with the consultation you need before starting your business in Dubai and ensure that your business is in compliance and that you may not face legal complications in the future.

In this article, we will discuss the most common types of legal structures of UAE companies and understand the framework on which they work.

Legal Frameworks

Professional

– this framework covers services provided by professionals with specific knowledge, skills or expertise, such as medical experts including doctors, lawyers, engineers, IT professionals, consultants, accountants, architects, and other similar professions.

Commercial

– This includes all commercial and trading activities such as buying, selling, and imports/exports to make a profit.

Industrial

– This framework covers all industrial and manufacturing activities such as the conversion of raw materials to finished products.

Tourism

– It covers all activities related to hospitality and tourism such as travel agencies, tour operators, hotel services, etc.

Legal form of companies in UAE mainland, free zone, and offshore

Sole Proprietorship

Civil Company

Limited Liability Company (LLC)

Free Zone Company (FZC)

Foreign Companies Branch Office

Public Joint Stock Company (PJSC)

Private Joint Stock Company

Sole establishment or Sole proprietorship

As the name suggests, a sole establishment or sole proprietorship is a business owned and controlled by a single individual. It has a trade license that is issued in that single individual's name, known as "Sole establishment."

Civil Company

A civil company is a legal structure for professional businesses as defined above such as consultancy firms, engineering firms, law firms, architectural and other related professions. In such structures, the partners are the sole owners of the company.

Limited Liability Company (LLC)

A limited liability company known as an LLC is another popular choice in the UAE. As the name suggests, an LLC is one with limited liability, that can be formed by a minimum of two and a maximum of fifty partners with a maximum 50% share and each partner will only be liable to the extent of his share in the capital.

Free Zone (FZC)

A Free Zone Company (FZC) in the UAE is a type of company that conducts business inside a designated free zone. The UAE has more than 50 designated economic zones to attract foreign investment, promote corporate expansion, and ease international trade. FZCs come with special benefits such as 100% foreign ownership, zero per cent personal tax, no hiring restrictions, 100% exemption from import and export duties, access to international markets, and more.

Branch Company / Representative Company

Another popular option for foreign companies to benefit from 100% foreign ownership is to open a branch office of the parent company. A branch office is lawfully regarded as part of its parent company and does not have a separate legal identity from that of its parent company. A branch office in the UAE may only be engaged in activities similar to those of the parent company.

The Representative Office of a foreign company is legally distinct from the branch office. A representative office of a foreign company is only permitted to promote the sale of its products and the transactional activities must be outsourced to the parent company.

Public Joint Stock Company (PJSC)

A PJS company is the type of company where the capital is divided into equal shares and the shareholder's liability is limited to the number of shares in the company. In UAE, a PJSC company must have UAE nationals as chairman and majority of the board of members with at least 51% company shares. In addition, it must have at least 10 founding members, and the minimum capital required to establish a shareholding company is AED 10 million.

Private Joint Stock Company (PrJSC)

Non-governmental organizations with several founders of not less than three can establish a Private Joint Stock Company. The shares of a Private Joint Stock Company cannot be offered to the public or for a Public Subscription. The founders must subscribe to all capital and the minimum requirement for such capital is Dh. 2 million.

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How to Setup Business in Dubai from Home Country?

Start a business in Dubai is a highly profitable option, as the country provides some of the best business-friendly regulations. Many investors regard Dubai as the best destination for investment due to its geographic location, modern infrastructure, and advanced ports. In this article, we will dive into the complete process of starting a business in Dubai, UAE from the comfort of your home.

Yes, you heard it right! You can start your business in the UAE from the comfort of your home. Setup Business in Dubai involves several steps that must be carefully followed. You can learn about the process in our comprehensive guide. However, if we put it simple, here is the process of starting your business in Dubai, UAE while being in your home country.

WeSetupBusiness provides the complete consultancy and support in the whole process and make the complete process hassle-free for you.

Defining the Nature of Business

Before starting your business, you need to define the nature of your business. You need to have a proper business plan that defines your business activities that must adhere to the rules and regulation of the UAE. This involves carefully selecting business activities, products and services that not only meet legal requirements but also have a good scope in the UAE market.

Though it seems simple, but it must be carefully selected otherwise your business may face legal complications and requires extra fees to make adjustments.

Proposed Company Names

Once you have a clear business plan and a good understanding of the type of business you want to start, the next step is to choose three proposed names for your business. These names will represent your brand and business identity. You should list them in order of preference. This is important because your business will be officially registered under one of these names, depending on availability and approval.

Official documents of shareholders

Now you have to submit the official documents of the shareholders of the company. This includes Scanned color Photocopies of all the shareholders of the company.

Mobile Number, Email, and Home Address

The last things required to start the process of your business setup in UAE are your mobile number, email address, and the home address of your residence.

How to get UAE Visa after Business Setup?

Once you provide us all the above-mentioned required details and documents, we will start the business setup process. And within just 2–3 working days, we will issue your trade license from the UAE government. After your business is set up, we will start your visa process, which is also known as investor visa. For that, we will get your entry permit, that you will use to travel to the UAE. On your arrival, we will arrange your medical test and the fingerprints needed for your Emirates ID.

After your fitness test is complete, we will start the visa process with the immigration authorities. Once you get approval, which usually takes 3 to 5 working days, you will receive your Emirates ID in just 3 working days. At this stage, you have become a UAE resident for 2 years.

That’s not all, once you receive your Emirates ID, you can sponsor your family, including your spouse and children. For this, we will need attested copies of your marriage certificate and your children’s birth certificates.

WeSetupBusiness is your trusted partner for all your business-related needs. We will take care of the entire process for you, so you can invest your time growing your business, leaving everything else to us. Enjoy the luxury lifestyle in Dubai with your family and run a successful business in a tax-friendly environment.

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WeSetupBusiness provides a complete Company Formation Package so you don’t have to stress about any step involved:

Business Setup Bank Account Assistance PRO Services Visa and Emirates ID VAT Consultation Corporate Tax Services Accounting and Bookkeeping Corporate Website Development

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