The UAE is a major trade hub in the Middle East and one of the safest countries in the world. It is a tax haven with a strong banking network, making it an attractive destination for entrepreneurs looking to establish a business and open a corporate bank account.
The Limited Liability Company (LLC) is the most commonly used business structure for setting up a company in the UAE mainland.
Yes, under the new cabinet decision, foreigners can now own 100% of a UAE mainland company in certain industries without the requirement of a local sponsor.
The changes were made under the amendments to Federal Law No. 2 of 2015 on Commercial Companies and Amended Law No. 26 of 2020.
Businesses engaged in commercial, financial, industrial, agricultural, real estate, or other economic activities on the mainland are eligible for 100% foreign ownership, depending on the specific industry regulations.
Yes, the UAE Government has set a minimum share capital requirement that varies based on the investor’s industry and line of business. The minimum capital required ranges from approximately AED 2 million to AED 100 million.
