A Limited Liability Company business structure allows for one to fifty partners, where each partner’s financial risk is limited to the amount they’ve invested in the company. Essentially, if the company faces losses or debt, a partner only risks losing what they’ve put in, not their personal assets. This setup keeps personal finances separate from business liabilities and is ideal for those looking to safeguard their personal assets.
A Civil Company is a type of business structure where two or more individuals come together to form a partnership. It refers to a type of business entity that is generally focused on non-commercial activities, typically involving the provision of professional services by its members. This could include professions such as consultants, lawyers, doctors, engineers, architects, and accountants.
A Private Joint Stock Company (PJSC) is a corporate entity structured to accommodate up to 200 shareholders, with capital divided into nominal value shares evenly distributed among them. PJSCs often operate with a board of directors overseeing strategic decisions and corporate governance, ensuring efficient management and compliance with regulatory requirements that are based on an efficient framework.
A branch or representative office of a foreign company serves as a direct continuation of the parent company’s operations, seamlessly extending its reach into the UAE market. Unlike a subsidiary, a branch does not have its own legal identity; instead, it operates as an integral part of the parent company. This means that the branch and the parent company are considered one entity in legal terms.
After Dubai, in Abu Dhabi, the operational footprint of Jaxtox Group guarantees clients access to a wide range of company registration solutions, adeptly addressing diverse business needs with precision and efficacy. Formally instituted under the auspices of Law No. (7) of 2018, the Abu Dhabi Department of Economic Development (ADDED) assumes the mantle of regulatory oversight within the business domain of the emirate of Abu Dhabi. Empowered by its legislative mandate, ADDED spearheads economic endeavors aimed at cultivating a robust, knowledge-centric, diversified, and sustainable economy.
Jaxtox Group extends its company registration services to cover mainland registrations across a comprehensive array of northern emirates, including Sharjah, Ajman, Fujairah, Ras Al Khaimah, and Umm al-Quwain. Our commitment to facilitating seamless registration processes remains steadfast across these diverse regions, ensuring clients receive tailored support irrespective of their location within the northern emirates. With our expertise and dedication, clients can expect seamless and efficient registration services tailored to the unique regulatory environments of each emirate.
Dubai mainland company formation is through Dubai Economic Department (DED). The following actions are required to form a company in Dubai Mainland: decide on business operations, reserve a trade name, gain approvals, sign the Memorandum of Understanding, obtain an Ejari Certificate and obtain a Mainland license.
Dubai Mainland refers to the areas in Dubai where businesses have more leeway to enter markets, more trust in their licenses, and better tax breaks. Its full ownership rights, ease of setting bank accounts, capacity to sponsor qualified staff, and immediate qualification for government contracts make it the preferable option.
No, a local sponsor is not required to launch a business in the Mainland of Dubai.
When searching for the appropriate DED activity codes for Dubai mainland companies, you might choose numerous activities from the same group. If more activities are required, they can be added at a later time.Â
Document preparations and DED pre-approvals usually take place on the first two days of the timeline. Then, between the third and fifth days, there is the signing of the MOA, the acquisition of the Ejari Certificate, and finally, license issuance.
A valid passport (with a minimum of six months remaining on its validity), a visa and Emirates ID (if applicable) along with some contact details.
A business can be organized most commonly as a sole proprietorship, limited liability company, civil company, private joint stock company, or a branch of a foreign company.
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There are a variety of licenses available, including a Professional Licence for specialized services, a Commercial Licence for businesses that deal in importing and exporting goods or services, and an Industrial Licence for large-scale production or processing of items.
Business type, legal structure, and government fees are some of the variables that determine the average cost of forming a company in Dubai, which can vary from 15,000 to 20,000 AED.
Yes, a foreign company can open a branch or representative office in Dubai Mainland, giving it access to the UAE market.
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In order to fulfill the required steps and legalities, an individual must physically be in Dubai in order to register a mainland company.
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