Business Setup in UAE & Free Zones In UAE

 
UAE At a Glance
Business incorporation Types

Incorporation Procedures
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PROCESS OF ESTABLISHING AN 'LLC'

Obtain initial approval for name and activity from the Department of Economic Development or the Economic Development Department/Municipality/the Chamber of Commerce.

Obtain approval from concerned Ministry/Department in case the activity is of special nature

Draw up company's Memorandum of Association and have it notarized from courts of respective Emirates.

Capital contribution certificate to be obtained from banks for cash shares and auditor's certificate for both cash shares and kind shares

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Submit applications and initial approval along with notarized copy of Memorandum of Association, capital certificate, tenancy contract etc., to the Department of Economic Development or the Municipality.

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After scrutiny by the legal department, the Company name will be entered in the Commercial Register and have its Memorandum of Association published in the Ministry of Economy and Commerce Bulletin. The Department of Economic Development or the Municipality will then issue the license.

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Department of Economic Development: Licencing Authority in the Emirate of Dubai

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Economic Development Department: Licencing Authority in the Emirate of Sharjah

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Municipality/Chamber of Commerce: Licencing Authority in other Emirates

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ACTIVITIES THAT REQUIRE SPECIAL APPROVAL
 

Licence to practice majority of the activities are directly issued by the licencing authority in the respective emirate. However, certain activities require special approval from the related Ministry/Department. (for e.g., medical, pharmacy etc - ministry of health; air transport, air cargo etc - dept. of civil aviation, financial institutions, banks, money exchange etc - central bank; new industrial project, expansion - ministry of finance and industry; publishing, printing, newspaper, advertising, video film, photography etc., - ministry of information; education, training etc., - ministry of education; agriculture, veterinary etc - ministry of agriculture; customs clearance, freight forwarding, sea cargo etc. - seaports & customs authority, telecommunication equipment - ministry of communication; branch of foreign company, insurance company, chartered accountants firm etc. - ministry of economy & commerce)

 


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