In exceptional cases, such as setting up a private joint stock company , approval of Ministry of Economy is needed at first.If you are planning to start a business on the mainland, you need to know the following in order to know where to start.Setting up a business involves raising capital investment, paying for licences and employee visas. The cost of setting up a business depends on:
The nature of the activity and licence required; whether it is commercial, industrial or service-orientedCapital requirements for a company on the mainland Capital requirements for a company on the mainland vary according to the legal form of business. For a PJSC, the minimum capital is AED 30 million. For a PrJSC, it should not be less than AED 5 million paid in full.did not specify a minimum capital. But, it stated that the minimum capital:must be a 'sufficient capital' to achieve the purpose of the business incorporation.
For foreign companies wishing to establish a Limited Liability Company in the UAE, they should seek guidance on the current practice of the relevant emirate regarding minimum share capital.The nationality of partners is important to determine what type of business they can set up on the mainland. Only UAE nationals may set up the following types of companies:An industrial or commercial type sole proprietorshipPeople of other nationalities can conduct the other types of businesses.
A local service agent is a UAE national who assists a foreigner in the licensing requirements and other government-related matters in exchange for an annual fee.Yes, it can after maintaining a certified letter from the parent company and getting the approval of the UAE's Ministry of Economy.Useful links:
Economyae AbuDhabiDED Dubai_DED SharjahEconomic RAKDED_AE Ajmanded UAQDED مساعدة طلاب وطالبات الدراسات العليا والسادة أعضاء هيئة التدريس في اعداد رسائل الماجستير والدكتوراه وبحوث الترقية في كافة التخصصات للتواصل مع د\\ محمود مبروك واتساب: 00201206721503
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