COMMERCIAL LICENSE
Such type of company is the most common type of company registration in UAE and is recommended where the purpose of the entity is to trade within the whole region. Kindly pay attention that 100% foreign ownership of this company type in the UAE is not permitted.
Pay attention that:
- Foreign investors are allowed to hold only up to 49% equity ownership in UAE companies
- 51% of shares must belong by one or more UAE nationals
- 2 to 50 shareholders can be included
- The minimum recommended share capital is AED 300,000
- Multiple business-related activities under 1 trade license can be provided
- No corporate taxes, no income taxes
SOLE ESTABLISHMENT
This type of entity is applicable for professional, service activities and consultancy. Setting up such type of a company is the best way a foreign investor can get 100% ownership in a UAE company registered outside Free Zones.
The features of such company type include:- Do not require any form of local ownership
- 100% foreign ownership
- No requirement for minimum capital
- The UAE National will act as an agent with 0% ownership
- Set up through a national service agent
- One shareholder only
- No corporate taxes, no income taxes
CIVIL COMPANY
- Local service agent owns 0% of business shares and profit, whereas foreign partner or a company owns 100% of business shares
- Local service agent main task is to perform a role of a signatory for fulfillment of all government related tasks
- Local service agent has no administrative powers and is only entitled to annual payment for government services
- For certain activities professional qualification of local service agent is required
What is Mainland Company Registration?
A Mainland company registration service provided by BizVibez is a company registered in one of UAE DED (Department of Economic Development). This means if you choose to conduct business in UAE Mainland, you will need to register business entity with DED, which will then provide you a business license to start doing business in UAE.
Mainland company can practice any industrial, commercial, trading, professional or tourism activity. Some professional activities are excluded as per DED’s business regulations and other require approvals of authorities that regulate these activities.