Monday 22 May 2017

Requirements to open a company in Dubai

Well, setting up a company in Dubai is not so easy. The foreign investors must have to look out on some points:

-Minimum share capital needs, shareholding structure, and the business licensing need. The market law does not require a Dubai limited liability company to submit a minimum share capital before registration. That’s why the stocks will decide the amount they require to help them reach their goals.

There are different types of share capital requirements depend on the business they will deal with for joint- stock companies:

-Public companies will need a minimum share capital of 10 million AED,
-Insurance and investment company will need a minimum share capital of 25 million AED,
-Financial institutions will need a minimum share capital of 40 million AED.

Here comes the other point about licenses regarding the company formation in Dubai and those licenses are issued by the Dubai chamber of commerce  industry and those licenses are : commercial licenses, industrial licenses, professional licenses.

Our company formation agents in Dubai will help foreign entrepreneurs and investors for the business license applications. In most cases, the Dubai company formation law requires a foreign investor to have a local partner who will own the majority interest. The only places investors may incorporate fully are the Dubai free zones.

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