Question 1

What are the common business structures to setup a business in Dubai and UAE mainland?

Accepted Answer

The common structures for mainland business setup in Dubai include Limited Liability Companies (LLCs) for small to medium-sized enterprises and branches of foreign companies. Larger enterprises can opt for Public or Private Joint Stock Companies.

Question 2

Can foreigners own 100% of a mainland company in the UAE?

Accepted Answer

Yes, foreigners are allowed for setting up a business in Dubai and the UAE with 100% full ownership, based on the provisions of Federal Decree-Law no. (32) of 2021. However, specific activities may require a local partner.

Question 3

What are the types of licenses in Dubai and UAE mainland?

Accepted Answer

The main types of licenses in Dubai and UAE mainland include: Commercial license for trading and e-commerce, Industrial license for manufacturing or processing, Professional license for service providers, and Tourism license for hospitality and tourism-related businesses.

Question 4

What is the minimum share capital requirement for a mainland company?

Accepted Answer

Share capital requirements vary based on the business activity and the emirate in which the company is established. It is typically specified during the licensing process.

Question 5

How long does it take to setup a mainland company in Dubai mainland?

Accepted Answer

The timeline depends on factors like business activity, required approvals, and document preparation. Generally, it can be completed within 2 to 4 weeks.

Saudi Arabia

Key Legal Factors to Consider When Establishing a Company in Saudi Arabia

Thinking of Registering a Business in Saudi Arabia? Start Here