Liability is Incomplete to the Capital Value

The legal framework for business within the UAE offers several different styles of On-Shore corporate entities to be recognized each may then be duly licensed to conduct operate within the Emirate for which they are incorporated. By law, an LLC must have bulk of its shares owned by a UAE National For an empire then, an LLC company is actually a joint-venture connecting the UAE National and the expatriate partner(s). The expatriate may act as the business manager and run its day-to-day affairs. Shareholders are not allowed to any of the profits of the company if the company's directors decide to pay extra to shareholders. The company's liability is incomplete to the capital value of the company. Analogous to a Sole-Trader or business company in other countries, a expert License allows the applicant(s) to make a company partnership provided that the partner(s) can show their formal professional qualifications as appropriate to hold the professional license. These licenses are limited to certain types of highly-skilled trades. There is no necessity for a UAE national to be a "Partner" on this license although a UAE National must be selected as an agent to assist with administration, visas and so on. Foreign companies can found a Branch Office in the UAE where the share share is 100% owned by the foreign company, subject to consent by the Government. The foreign company must be of good rank and have a trade history of at least 2 years.

The Branch Office will usually conduct business on behalf of the parent company within the UAE. The qualified activities will generally Company Formation Dubai|Intellectual Property Dubai|Offshore Company Formation Dubai|Accountancy and BookKeeping Dubai|Outsourcing Services Dubai match with business action of the parent (foreign) company. A UAE National must be selected as an agent" to assist with administration, visas and so on.