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100% Ownership for Foreign Investors in the UAE
A Professional Business Setup Consultants In UAE
Companies in the UAE have relished the benefits of a booming economy, advanced infrastructure, hassle-free resource management, and the list goes on. The government is also motivating expatriates to invest here by offering 100% ownership for foreign investors in UAE. In addition, the response from overseas investors has been truly encouraging.
The Limited Liability Company ownership (or LLC ownership) laws for expatriates empowers them to have 100% business ownership if their venture’s structure and operational activities fall in the right category. The LLCs established prior to this amendment can also request the same during their upcoming or next renewal.
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MJN BUSINESS SETUP OFFERS EXCLUSIVE COMPANY FORMATION OPPORTUNITIES IN THE UAE
STEPS TO SET UP A COMPANY WITH 100% FOREIGN OWNERSHIP
Here's how you can set up your dream venture and also enjoy 100 percent foreign ownership in the UAE:
You need to finalize the name of your venture and send it for approval. Once done, you can get going with the further steps. Furthermore, It’s vital to note that the trade name you choose should be free of any derogatory or offensive terms.
Moreover, it shouldn’t be provocative or demeaning towards any caste or religion. You need to use the full name of a person in case you want that to be the legal name of your enterprise.
The DED maintains a list of permissible operational activities applicable to the Dubai mainland. Thus, if you want to make the best use of the local marketplace, you need all the allowances to bolster your venture’s working flexibility.
Choose from the list of activities and get in touch with the concerned departments to get any external approvals. Furthermore, remember that you’ll enjoy 100% business ownership only when your activities meet the expected criteria. If not, you’re free to launch a traditional limited liability company by connecting with a local agent.
Paperwork and documentation are paramount to running a risk-free and fully secure business in the Emirates. In addition, the government also takes documentation very seriously. For the same reason, the crime rates and fraud episodes are very sparse in the region.
You need to prepare the MoA, get it attested, obtain the initial approval, etc., as part of the business registration process in the UAE.
Renting an office space is the preferred choice since it’s cost-friendly and easily manageable. Investing in real estate in Dubai can be an uphill assignment for SMBs and new businesses as they don’t have enough funds during the initial stages.
Hence, you should rent office space in the UAE and connect with MJN’s business experts to get value-for-money spaces.
If your business model needs a professional license, you’ll enjoy 100% business ownership in the UAE. Representative offices of foreign companies and several other businesses can also get these advantages with their license.
You’ll need to approach the DED and file in your application for the trading license. Moreover, you’ll get it once all the formalities are finished from their end.
Once you have the trading license, you can submit your visa request. In addition, you can also secure an investor visa if your application matches the set criteria. Finally, you need to open a corporate bank account for your enterprise to manage the transactions.
Therefore, choose a reliable bank that’s ideal for long-term associations. That;s it. You have finished all the obligatory steps to set up your company with 100 percent foreign ownership in UAE.
