UAE is considered the world’s leading business hub and a lot of expatriates are planning to invest in the country. Before setting up a business in UAE, there are things you need to plan first such as:
1. What Type of business?
The type of business you are planning will determine the license activity you need to secure and get some approval from other government department. Depending on the activity and which location you choose.
2. Who are the Owners?
If you choose to conduct business in UAE mainland, you will be required the support of a local sponsor or a local service agent. The local sponsor will hold maximum of 51% of shares, and the remaining 49% of shares are for a foreign investor for industrial and trading companies. But if you’d like 100% ownership of your company, you need to opt for a license and location in one of the many free zones of the UAE.
3. What is the Trade Name?
The trade name is very important as it is part of the legal procedure. Government departments have different regulations.
