Company Type | Sole Proprietorship | General Partnership | Limited Liability Company | Branch Office | Public Joint Stock Company | Private Shareholding Company | Free Zones | Offshore Companies |
---|---|---|---|---|---|---|---|---|
Ownership | Single Individual | 2 or more individuals | 3 to 50 Shareholders | Parent Company | More than 10 | 3 up to 50 (including corporate shareholders) | Minimum one. Maximum varies from Free Zone to Free Zone | 1 or more Shareholders |
Ownership for Foreigner | 0% for Trading and up to 100% for Service | 0% for Trading and up to 100% for Service | Maximum 49%. | 100% | Maximum 49%. | Maximum 49%. | 100% | 100% |
Minimum Capital | No Minimum Capital | No Minimum Capital | AED 300,000 in Dubai AED 150,000 in Other Emirates | No Capital Requirement | AED 10 million AED 40 million for banking AED 25 million for insurance | AED 2 million | Varies with Free Zone | No Minimum Capital Requirement Stipulated |
Activity | Services and Trading | Services and Trading | Trading Service or Manufacturing | Services and Representative offices | Trading, Service or Manufacturing | Trading, Service or Manufacturing | Trading Service or Manufacturing | Any activity permitted by law except Banking and Insurance |
Area of Operations | In the Emirate where registered | In the Emirate where registered | In the Emirate where registered | In the Emirate where registered | In the Emirate where registered | In the Emirate where registered | Within the Free Zone | Can transact with other than UAE Companies |
Liability | Unlimited | Unlimited | Limited | Unlimited | Limited | Limited | Depends on the form of organization | Limited |
Audit | Not required | Not required | Required | Required to be submitted to Ministry of Economy | Required | Required | Depends on the form of organization | Required but not be submitted to the authorities |
Taxes | No Corporate or personal tax in UAE | No Corporate or personal tax in UAE | No Corporate or personal tax in UAE | No Corporate or personal tax in UAE | Taxes for Banking, Insurance, Oil & Gas | Taxes for Banking, Insurance, Oil & Gas | No Taxes applicable due to exemption | No Corporate or personal tax in UAE |
UAE Visas | Available depending on Activity and Office | Available depending on Activity and Office | Available depending on Activity and Office | Available depending on Activity and Office | Available depending on Activity and Office | Available depending on Activity and Office | Available depending on Activity and Office | Available depending on Activity and Office |
Repatriation of Investment / Profit | No Restriction | No Restriction | No Restriction | No Restriction | No Restriction | No Restriction | No Restriction | No Restriction |
Office Premises | Required Rent depends on location and size of premise | Required Rent depends on location and size of premise | Required Rent depends on location and size of premise | Required Rent depends on location and size of premise | Required | Required Rent depends on location and size of premise | Premises Required | Not Required. Office of the registered agent can be used as registered office. |