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December 13, 2020
#Dubai continuously attracts more business investors and entrepreneurs because of its excellent facilities and infrastructure. When planning for #businesssetup or #companyformation in Dubai, you must pay attention to the different types of business entities available for you to choose from. Like in other countries, UAE has different legal corporate structures that you may choose from. Here are some of the most common types:
• Sole Proprietorship – the company is 100% owned by one individual. There’s a recent amendment to Commercial Companies Law that now allow foreign nationals to own 100% of any commercial company within the Emirates.
• Limited Liability Company (LLC) – in LLC companies, profits and losses are divided among shareholders of the company, according to their percentage of shares. 51% of the shares must be owned by a UAE national.
• Free Zone Company – there are various free zones in UAE wherein several global companies are based. These companies may only trade within their specified free zone in the UAE or elsewhere in the world. The company may be 100% foreign owned, without any local sponsorship.
• Offshore Company – the company is 100% owned by the foreign parent company however, it may only do #business globally outside UAE
Know more about different types of companies that you can set up in Dubai. Contact one of our experts who will be happy to help you with any information that you wish to know. EBS is one of the leading #businessconsulting firms and trusted by several companies in the #UAE.
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