If you wish to open a Dubai company, then the type of business that is to be set up will dictate which free zone should be used. For example, DAFZA is intended for businesses that import and export goods and the business activities permitted in TECOM include “design, development, use and maintenance of everything relevant to Information Technology, E-commerce and Media”.
Each free zone is governed by an independent Free Zone Authority (FZA), responsible for issuing to businesses the necessary operating licence’s for operation within the relevant free zone.
Please contact us for further information on our Dubai Business Registration services or to discuss the best option available for you to open a Dubai company.
There are a number of different Dubai company registration options…
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 office 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.
May only promote its foreign parent company’s activities through, for example, gathering information and soliciting orders and projects to be performed by the company’s head office. 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, representative offices tend to act as administrative and marketing centers of their foreign parent company’s head office.