According to the laws in UAE, each Emirate can set up "free zones" for general or industry-specific activities to encourage foreign direct investment. The Free zone entities generally do not require any UAE nationals as owners. For each Emirate there are at least two free zones, while Dubai alone has more than 20.
Each zone has its own laws and regulations, sometimes referred as "offshore" jurisdictions. In a free zone, entities can have 100% foreign ownership and there is no need for a local service agent for a branch or representative office.
The types of companies available within free zones differ, but some of the basic among them are:
Onshore zones are ruled by federal laws and regulations. The most common types of companies within the onshore jurisdiction for corporate clients are:
An LLC in the onshore jurisdiction requires a 51% local UAE shareholder. For a branch office, a representative office or a sole establishment in the onshore jurisdiction it requires a local service agent to be their representative
A LEGAL TOUCH TO YOUR BUSINESS APPROACH...
DUBAI has established a significant economic growth and political stability, working its way to become a global economic hub.
Since its very inception with the UAE, Dubai has followed a strategic economic policy of reducing the dependency on the oil and gas industry. It has diversified its economic activities, and has now become an important world spot for International trade and export, tourism, real estate, banking, and manufacturing.
Dubai is an important part of the UAE that has established an outstanding reputation for political stability and low crime rate and safe living place.
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