The United Arab Emirates (UAE) has recently made a major amendment to the Federal Commercial Companies Act, granting foreign investors full ownership of certain businesses. This means that foreign investors can now own up to 100% of their business, instead of the previous 49% limit. If you're looking to set up a business in Dubai, Adam Global is one of the best business creation consultancies to help you get started. Dubai is now one of the most attractive places for entrepreneurs, investors, and businesses looking to expand.
You can set up a company on the mainland of Dubai with full ownership following the amendment introduced by the UAE cabinet to the CCL. This is designed to increase the country's competitive advantage and facilitate business activity. Companies established in free zones are only allowed to trade within free zones, while continental companies can conduct business activities both within the UAE (including free zones) and anywhere else in the world. PRO Partner Group (PPG) can help you establish a new LLC or an overseas branch in the UAE and determine if your business meets the requirements for 100% ownership.
Most entrepreneurs use free zones in the UAE to take advantage of being 100% owned by a foreign company, which isn't possible with a continental company. When setting up a business in Dubai, it's important to understand the different types of companies available and their associated benefits. A limited liability company (LLC) is one of the most popular types of companies in Dubai, as it allows for up to 49% foreign ownership. An LLC is ideal for businesses that want to operate within the UAE mainland and benefit from its strategic location and access to markets across the Middle East and North Africa. For businesses looking for full foreign ownership, free zones are an attractive option.
Free zones are special economic areas that offer tax incentives, streamlined regulations, and access to world-class infrastructure. When setting up a business in Dubai, it's important to consider all aspects of your business plan. You'll need to decide on a legal structure, choose a suitable location, obtain necessary licenses and permits, and hire staff. It's also important to understand the local laws and regulations that apply to your business. Adam Global can provide you with expert advice on all aspects of setting up a business in Dubai, from choosing a legal structure to obtaining licenses and permits. The UAE has made it easier for foreign investors to set up businesses in Dubai with full ownership rights.
With its strategic location, world-class infrastructure, and attractive tax incentives, Dubai is an ideal destination for entrepreneurs looking to expand their businesses. Adam Global can help you navigate the process of setting up a business in Dubai and ensure that you meet all legal requirements.