100% Foreign Ownership Permitted in the UAE

Foreign nationals who wish to launch your dream business venture in the luxurious UAE nation can now celebrate 100% full ownership. Even free zones of the UAE can launch business with full ownership. Isn’t it great news to party hard?

Of course, a great and happy deal this is!

Earlier, all the business ventures by the foreign nationals at the mainland areas needed to be partnered with a UAE aspirant – that is a local sponsor. So these local sponsors hold almost 51% of shares your company has. By the month of June, Commercial Law of UAE companies implemented new amendment acts and thus great changes started happening.

Here we go on learning about formation of our own business venture in the UAE nation with complete ownership.

Do you have so many questions raising in your brain now? Do not get worried and give minds huge brain storms. Well, you can hold 100% ownership in the UAE business venture but how do you step into UAE and start your own business?

Here are some outlines for you to understand!

Regularize the list of considered business activities

Know and list the business ideas you wish to launch in Dubai, UAE. Economic Development department – DED lists out the allowed business sectors and maintains that. All we need is just to choose our business sector from the DED maintained list. This is going to finalize the type of license you need. There is a list of business activities that lead to complete ownership for foreign national investors which fall into the commercial law of the UAE. It lists almost everything you think. Because this maintained list includes arts, entertainment, agriculture, business support, business administration, information technology, communication, education, construction sector, food, hospitality, manufacturing, human resources, health care, research, warehouses, transportation , and so on…

Finalize the business structure of you, for you!

Actually many of the foreign nationals who form their business in UAE entities go with LLC kinds – Limited Liability Company. Together with this complete ownership scheme, formation of companies in Dubai has become much easier than before. All you need will be a UAE based local service agency to help establish all.

Select and Book the business brand name

Like every business has to hold a unique name, your business idea in UAE must be kick started with a unique name too. Go through UAE’s protocol of business naming and choose a unique, attractive name. Avoid controversial or tough terminology and choose a name relevant to your kind of business.

Plan and Select your office location

Analyze, plan wisely and choose your company location. If you have got plans to implement a business in mainland areas, setting up a physical outlet in a good location really matters. Select a space that is very simple, easy, cost effective to rent. Rental spaces are not a very tough procedure to take in the UAE. If your business can operate virtually, then go with a virtual office setup because it will be a great fit.

Application for Dubai’s trade license

Attaining a proper license for your trade has to be checked importantly. Whatever business that needs to be set up in UAE operation should have a proper trade license. Do not confuse how to get a valid license. Your local service agent will guide you to get that. They will also guide you in sketching a total estimated cost of setting up your company in the UAE. Hope that they will drive you in the correct way because they really will.

Avail correct visa for your travel

If you are planning to open up a business in UAE, Apply your proper visas and for everyone you bring with you as employees or your own family. This will not be a tangled process because UAE deeply welcomes your business entity there.

As you and I think, what is the benefit for them to provide 100% ownership? There are few motivation points for them behind the establishment of this complete ownership law. Some of them are,
It acts as a growth factor for their economy. There are particular business sectors in which the UAE needs continuous growth. Their desire to see growth in green technologies such as utilization of power plants and implementation of solar panels. The key sectors which come under complete ownership acts are

• Agriculture
• food service
• Hospitality
• healthcare sectors
• renewable energy
• storage units
• Transportation
• Distribution
• product manufacture
• construction units
• info tech
• Communication
• scientific researches
• space activity
• Administration
• education
• arts and entertainment

UAE strongly believes this act attracts many foreigners who are ready to do investments. Thus they also believe it increases 35% growth in the economy.

All the financial leaders and government officials are hoping that this commercial law will rapidly increase competition in the emirates global economy. UAE is thus becoming a new global hub of investors and an attractive point of emerging commercial hub. Companies count in the UAE now is 3,00,000 and emirate leaders believe that this count will reach up to 1 million companies in the UAE in the following ten years.

Originally posted 2021-09-29 11:48:30.