INTERNATIONAL BUSINESS COMPANY (IBC/RAK OFFSHORE COMPANY)
Whether your business applies to international trade, ownership of intellectual property, asset protection, direct ownership of real estate, or is a global holding company, an International Business Company can be advantageous. However, it is only beneficial on the basis that your business does not intend to conduct any onshore operations within the UAE.
LIMITED LIABILITY COMPANY (LLC)
For those considering Company Formation Dubai, this is the most widely used commercial entity for companies with a non UAE national wishing to conduct commercial activities in Dubai. An LLC is a private company and shares in it cannot be offered to the public.
PUBLIC JOINT STOCK COMPANY (PJSC)
Very similar to a UK Public Limited Company or German Aktiengesellschaft (AG). It requires a minimum share capital of AED 10,000,000 and a minimum of 10 founders, who are responsible for the incorporation of the company.
PRIVATE JOINT-STOCK COMPANY (PRIVATE COMPANY)
Similar to a UK Private Limited Company. It requires a minimum share capital of AED 2,000,000 and minimum of three founder shareholders. Shares in a Private Company cannot be offered for public subscription but in all other respects the regulations applicable to a PJSC apply equally to a Private Company.
While a Branch may carry out activities similar to those of its parent company, there are certain activities which are restricted to UAE nationals, such as importing goods.
This entity may only promote its foreign parent company’s activities and projects to be performed by the company’s head office by gathering information and soliciting orders. It is not permitted to carry out the parent company’s activities. Representative Offices are also restricted as to the number of employees that they can sponsor and, due to these constraints, tend to act as administrative and marketing centers of their foreign parent company’s head office.
If you wish to open a Dubai company, please contact us for assistance or to discuss any of the above Company Registration Dubai options.