The UAE has emerged as a brand-new sanctuary for investors in recent years. The desire from businesses around the world to have a regional presence has been expanding day by day in response to the economic changes carried out by the forward-looking governments. UAE has developed into one of the most capable and alluring locations for contemporary firms. It is now easy to start a business in Dubai (or anywhere else in the UAE) after making the decisions that affect your route and level of performance. At Al Yalayis, our experts provide you with the best professional advice on how to set up your business in the UAE. Due to our advisers' and specialists' advice, you won't need to worry about forming a new company for your business activity in the UAE. We can provide you with business setup consultants who are informed about the best course of action for your success and have years of expertise. With the aid of Al Yalayis' business formation services, the process could be accelerated, made easier, and more profitable.
Sole Establishment-Sole Establishment or Proprietorship is a legal entity formed in the mainland under the name of a sole proprietor. The liability of the Sole Establishment is not limited meaning that the owner is personally liable, without limit and to the full extent of his assets, for the liabilities of the establishment.
Limited Liability Company- A limited liability company (LLC) is one of the widespread companies formed in the UAE. A foreigner can be a shareholder in LLC and the liability of the shareholder is limited only to the extent of its share in the capital of LLC. According to the UAE Federal Commercial Companies Law, 51% of shares of LLC shall belong to a UAE national and 49% of shares can be owned by a foreign individual or entity.
Civil Company–A civil company is an association or partnership wherein two or more persons agreed to carry out professional or consultancy Professional activities are those that are being provided using intellectual abilities, know-how, acquired information or professional skills. Such activities include medical clinics, management consultancy, legal consultancy, IT consultancy, HR consultancy, training and similar services.
Public Joint Stock Company– Public Joint Stock Company (PJSC) is defined as an organization whose capital is divided into negotiable shares of equal value and a partner therein shall be liable only to the extent of his share in the capital of the company, in accordance with the UAE Federal Commercial Companies Law (the ‘Law”).
Private Joint Stock Company–A Private Joint Stock Company is defined as an organization whose capital is divided into negotiable shares of equal value and a partner therein shall be liable only to the extent of his share in the capital of the company, in accordance with the UAE’s Commercial Companies Law (the ‘Law”).
Branch or Representative Office–A branch is a legal entity that is separately registered but considered as part of a parent company. A parent company holds 100% ownership of a branch, which has to have the same name and conducts the same business activities as its mother company does. For example, a parent company is engaged in trading business, so its branch in the UAE shall be licensed to do the same type of trading. The branch must have its own budget and profit/loss statement.
Dubai mainland business licenses are divided into three different categories:
Commercial License– includes trading, import, export and other activities categorized as commercial under the UAE laws.
Professional License– includes various professional and consulting services and issued to service providers, professionals, artisans or craftsmen.
Industrial License– includes manufacturing activities.
