Welcome to Suhaila & Associates Chartered Accountants

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Business Setup in UAE

Incorporation Services

We provide all kind of incorporation and business legalization services in UAE which include:

  • Commercial licenses covering all kinds of trading activity;
  • Professional licenses covering professions, services, craftsmen and artisans;
  • Industrial licenses for establishing industrial or manufacturing activity;
  • Channel Broadcast / Film production licenses

We additionally provide services for approvals from Government Department as some categories of businesses require approval from ministries for example, banks and financial institutions from the Central Bank of the UAE; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health; branch of foreign company from the ministry of Economy and Commerce; businesses engaged in oil or gas production and related industries; procedures governing the operations of foreign business interests.

In practice, however, Dubai and the other emirates followed the same general system, whereby foreign companies operated in one of three ways: with a local sponsor, through a partnership with a UAE national or company, or through a private limited company or public shareholding company incorporated by Ruler's decree. Since 1984, steps have been taken to introduce a codified company’s law applicable throughout the UAE. Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 - the "Commercial Companies Law" - and its by-laws have been issued. In broad terms the provisions of the Law are as follows: The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. It further lays down provisions governing conversion, merger and dissolution of companies.

Legal Structures for Business in UAE:

  • Limited liability company (LLC)
  • Sole Establishment (Est.)
  • General partnership company
  • Partnership-en-commendam
  • Joint venture company
  • Public shareholding company
  • Private shareholding company
  • Share partnership company
  • Free Zone Company [100% ownership by foreigners]
  • Offshore company