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Type of Companies in Dubai

Type of Companies in Dubai

Business Structure in Dubai is divided into few types e.g. proprietorships, partnerships, companies and few others. Every type has few merits and demerits and people chose as per their convenience or availability of capital. Company of One person in Dubai can only be registered in the name of UAE national which is usually called local or Emirati. This type of company is called as LLC in which UAE national has 51% shares as compare to his other counterpart who is supposed to have 49%. This type of company can have 2-50 stockholders. LLC Company can be publically traded on UAE Stock Exchange.

Second major type of company is Free zone Company, where a person can be the complete owner and enjoy a single owner status. These companies are only allowed to be opened in provided Free zones and are managed under the corporate rules made by Free zone companies as these are different than the LLC. Even initial complaints are not registered in Ministry of Labour like LLC companies because every Free zone has a different entity in replacement of MOL, though finally cases are just forwarded to Dubai Courts like LLC companies.

Company formation is complicated in Dubai. Complete security and protection is provided by the Government. Lawyers in Dubai are competent and can provide you complete services from company formation to final taxation and auditing systems. Dubai is a land of opportunities where a visionary and hardworking person can make his dream true. ASK THE LAW AL Shaiba Advocates, is the best law company for Company Setups in Dubai and UAE.

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