1. Limited Liability Company (LLC): Requires a minimum of two and a maximum of fifty shareholders.
2. Sole Proprietorship: Operated solely by one entrepreneur, who is accountable for all earnings and liabilities and cannot have more than one shareholder.
3. Civil Company: Allows 100% foreign ownership with up to three shareholders and a local service agent, suitable for professional and service activities/licenses.
4. Branch: Not a separate legal entity but rather a subsidiary of a parent company, which fully manages it, and there are no requirements for shareholders.
1. Identify a suitable business activity.
2. Select an appropriate legal form for the business, such as LLC, Sole Proprietorship, Civil Company, or Branch.
3. Register the trade name to distinguish the business from others.
4. Apply for initial approval from the General Directorate of Residency and Foreigners’ Affairs, and obtain any additional permissions required for specific activities.
5. Draft a Memorandum of Association (MoA) or a Local Service Agent Agreement, depending on the legal structure.
6. Choose a business location that complies with the Department of Economic Development’s standards.
7. Obtain the necessary business license based on the specific requirements of the business.
1. Professional License: Required for businesses providing professional services to clients.
2. Commercial License: Necessary for companies involved in buying, selling, and trading commodities.
3. Industrial License: For businesses engaged in industrial or manufacturing-related activities.
4. Tourism License: Required for companies operating in the tourism sector.
Getcompany simplifies UAE company formation with expertise and a smooth application process. Our services include corporate bank account assistance, financial institution selection, and licensing application management. With a customer-centric approach, we support your success. Join the thriving UAE business community confidently. Start your venture effortlessly with Getcompany’s support.
At Getcompany, we offer a comprehensive range of services beyond company formation. Once your business is set up in the UAE, we continue to support you with essential services, making us your one-stop solution for all your business needs.
Our services include efficient bookkeeping, ensuring your financial records are accurate and up-to-date. We also handle VAT registration and compliance, helping you navigate the complexities of the tax system. Our experts are well-versed in corporate tax matters, ensuring your tax obligations are met.
Compliance with AML (Anti-Money Laundering) and ESR (Economic Substance Regulations) is crucial. Getcompany ensures your business remains compliant with the latest regulations.
Additionally, we provide audit services to assess your business’s financial health and compliance.
Beyond these, we offer a wide range of other business services, including visa renewals, document attestations, and approvals etc.
With Getcompany as your partner, you can focus on growing your business, knowing that all the necessary administrative tasks are handled efficiently and professionally.
305, Hamsah – A,
Ansar Gallery, Al Karama,
Dubai, United Arab Emirates.
P.O.Box : 26053
+971-50-986-6466
+971-52-846-1732
info@spectrumaccounts.com
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