When seeking legal advice for incorporating a new business in a foreign jurisdiction you need guidance, which you can trust; one who has local expertise and world class credentials to meet your needs for sound legal advice and professional services. For a new business set up, specialists are necessary to take you through the process. Help you to accomplish the critical tasks associated with business set up and registration in Dubai and in the Free Zones areas. Our experienced lawyers can guide you in every step of setting up your company.
Our corporate and commercial practice covers a broad spectrum. It includes incorporation advice, structuring and restructuring groups, commercial agency law, franchising, licensing, employment law, mergers & acquisitions and takeovers. We have an experienced team of professionals, who can offer quality legal advice on complex regulatory compliance issues, structuring, shareholding distribution, selecting the right form of legal entity, defining shareholders rights and obligations, and provide general legal advice on company formations.
ProConsult team specializes in advising on all forms of business formation including,
- Business set up in UAE
- All types of license issued by the Dubai Economic Department
- All major free zones in UAE (Which allow foreign investors to set up their businesses and own the entire one hundred per cent shareholding in such free zone company.)
We provide assistance to our clients, which includes,
- 30 minutes free consultation for all our clients
- Tailor made packages based on their requirements
- Transparent & competitive pricing formulae.
- Assistance with the company bank account
- Assistance with the visas issuance.
We understand that when it comes to business every client’s requirements are unique. We provide our clients with cost effective and attractive packages to fit their individual needs. ProConsult believes that our clients’ time is valuable and their money deserves to be invested, not spent. Therefore, we give them most effective services and the best solutions at a price which gives them value for the money.
Investors and foreign companies interested in establishing a business or presence in the United Arab Emirates must register either a local company in the mainland or set up a company in specialized designated areas where 100% foreign ownership is allowed, called ‘Free Zones’.
Mainland Company Incorporation:
The Department of Economic Development is the main business licensing institution regulating the formation of businesses in the Emirate of Dubai. The types of licenses issued by the DED are:
Issued for a limited liability company LLC, public joint stock company PJSC, or private shareholding company PSC.
For the limited liability company, which is the most common form and cost effective option for setting up a business in the UAE, the UAE Commercial Companies Law requires that 51% of the shareholding be registered in the name of a UAE national, or a company 100% owned by UAE nationals. It is a common practice in the UAE that the UAE national who is acting as a local sponsor, signs side agreements protecting the rights of the expatriate shareholders, and their actual stake/shareholding in the business, and granting them full control of the management of the Company. Our lawyers draw on their 16 years of in UAE Laws and the protection of Investors’ rights in the UAE to draft such agreements.
Professional License (Civil Company)
Issued for qualified professionals and companies in the field of engineering, consultancy and vocational activities.
Branch or representative office
A Branch of a foreign Company can only carry out the activity of the parent company
A Representative Office can only conduct promotional activities for the benefit of the parent company.
Free zone company incorporation:
A free zone company allows foreign investors to set up their business and own the entire one hundred percent shareholding in the zone company, without the need for a local sponsor.
Our expert advisors will advise and assist you in company formation for all major free zones in the United Arab Emirates which include:
The Emirate of Dubai offers specialized free zones like Jebel Ali Free Zone, Dubai Internet City, Dubai Media City, Dubai Multi-Commodities Centre and several other free zones where industry specific companies are provided licenses to operate. However, small and medium size businesses prefer to setup in the free zones established in other smaller Emirates such as Sharjah, Fujeirah and Ajman, for cheaper business set up.
Contact one of our legal advisor today to discuss your requirements for setting up a business in Dubai and the UAE in general.