Licenses are Controlled to Certain Types

The legal framework for company within the UAE offers several discrete styles of On-Shore corporate entities to be reputable each may then be duly licensed to conduct deal within the Emirate for which they are incorporated. By law, an LLC must have bulk of its shares owned by a UAE National For an empire then, an LLC company is actually a joint-venture linking the UAE National and the expatriate partner(s). The expatriate may act as the business manager and run its day-to-day affairs. Shareholders are not free to any of the profits of the company save the company's directors decide to pay payment to shareholders. The company's liability is partial to the capital value of the company. Analogous to a Sole-Trader or business company in other countries, a specialized License allows the applicant(s) to make a company partnership provided that the partner(s) can display their formal professional qualifications as appropriate to hold the professional license. These licenses are controlled to certain types of highly-skilled trades. There is no obligation for a UAE national to be a "Partner" on this license although a UAE National must be selected as an agent to assist with administration, visas and so on. Foreign companies can found a Branch Office in the UAE where the share is 100% owned by the foreign company, subject to support by the Government.

The foreign company must be of good rank and have a trade history of at least 2 years. The Branch Office will usually Company Formation Dubai | Intellectual Property Dubai | Offshore Company Formation Dubai | Accountancy and BookKeeping Dubai | Outsourcing Services Dubai conduct business on behalf of the parent company within the UAE. The qualified activities will generally match with business tricks of the parent (foreign) company. A UAE National must be agreed as an agent" to assist with administration, visas and so on.