DUBAI COMMERCIAL LICENSES
Our Commitment
- Your Dubai Commercial License issued within 5 working days. *
- Competitive and transparent pricing
- Complete confidentiality
- UAE Residency Visa for you and family members.
- Setting up your company with a bank account including eBanking and debit card
Dubai Commercial License Company characteristics:
| Company type | Limited Liability Company |
| Governing corporate legislation | Department of Economic Development Dubai |
| Information published relating to company officers | No public register of company officers |
| Confidentiality | Complete confidentiality |
| Accounting requirement | No accounting or reporting requirements |
| Taxation | No taxes |
| Legislation | UAE Federal law and UAE Companies Law |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 5 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Local sponsor is needed, holding minimum of 51% shares |
| Residence Visa issuance | Residence Visa issued |
Information concerning Dubai Commercial License
According to Article 22 of the Companies Law, there must be a minimum holding of 51% by the UAE national although by Article 227(2) it is made clear that the distribution of profits and losses of this entity can be done disproportionately to the shareholdings. In effect, this entity can have a local owning 51% percent, but being paid a lump sum annual payment to act as a local sponsor.
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