BUSINESS SETUP

PRO24 Consulting helps business services providers get a competitive advantage in a market focused on delivering both exceptional service to end customers. The business services sector is exploiting opportunities driven by consolidation and new technology. And new integrated offerings are forcing established players to develop scalable services that satisfy evolving regulatory and environmental standards.
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our BUSINESS

Our business services help clients take advantage of attractive opportunities present in UAE, and outperform their competitors with innovative ideas to speed up the bedding in process . The PRO sector is diverse, including professional services, supply of the right information, training, and support services.

We combine in-depth knowledge with vast network of expertise to enable clients to settle in, develop winning strategies for quick procurement of the right documents, service development, new market entry, regulation and political risk management, operational efficiency, and strategy activation. With our support, these clients have been able to develop new service offerings for an increasingly energy-efficient world within record time.

WHY INVEST IN UAE

The UAE has the advantage of:

  • Strategic location
  • State-of-the-art infrastructure
  • Variety of business premises
  • Political stability
  • Social stability
  • Ease of doing business
  • Protection of intellectual property rights
  • Favourable business regulations
  • Open economy
  • Economic stability
  • No corporate tax

WHY INVEST IN UAE

The UAE has the advantage of:

  • Strategic location
  • State-of-the-art infrastructure
  • Variety of business premises
  • Political stability
  • Social stability
  • Ease of doing business
  • Protection of intellectual property rights
  • Favourable business regulations
  • Open economy
  • Economic stability
  • No corporate tax

BUSINESS SETUP IN THE MAINLAND

Planning a business on the mainland in the UAE.
Has many added advantages here are some

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Benefits of setting up a business on the mainland

Some includes

  • Flexibility to do business in any part of the UAE
  • No limit on number of visas
  • More business activities available for licensing
  • No business or personal taxes.
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Key government entities

The Department of Economic Development of the respective emirate generally handles this but you need to seek the ‘initial approval’ and register the trade name. You can do that either by visiting their office or through their PR024. It is only after seeking the initial approval that you can proceed for additional approvals of other authorities which is required in case of certain business/trading activities.

Where to begin?

Wanna start a business on the mainland?,
you need to know the following in order to know where to start.
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Cost of setting up a business

Setting up a business involves raising capital investment, paying for licences and employee visas. The cost of setting up a business depends on:

  • The nature of the activity and licence required; whether it is commercial, industrial or service-oriented
  • The legal form of the company; whether it is an establishment, a company, or a branch of a company.

Our services helps cater for this specific needs

Capital requirements for a company on the mainland

Capital requirements for a company on the mainland vary according to the legal form of business. For a PJSC, the minimum capital is AED 30 million. For a PrJSC, it should not be less than AED 5 million paid in full.
For other type of businesses, the UAE Commercial Companies Law did not specify a minimum capital. But, it stated that the minimum capital:

  • should be mentioned in the Memorandum of Association
  • must be a ‘sufficient capital’ to achieve the purpose of the business incorporation.

For foreign companies wishing to establish a Limited Liability Company (LLC) in the UAE, they should seek guidance on the current practice of the relevant emirate regarding minimum share capital.(PRO24 helps handles this process so you can get the relevant updated information)

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Capital requirements for a company on the mainland

Capital requirements for a company on the mainland vary according to the legal form of business. For a PJSC, the minimum capital is AED 30 million. For a PrJSC, it should not be less than AED 5 million paid in full.
For other type of businesses, the UAE Commercial Companies Law did not specify a minimum capital. But, it stated that the minimum capital:

  • should be mentioned in the Memorandum of Association
  • must be a ‘sufficient capital’ to achieve the purpose of the business incorporation.

For foreign companies wishing to establish a Limited Liability Company (LLC) in the UAE, they should seek guidance on the current practice of the relevant emirate regarding minimum share capital.(PRO24 helps handles this process so you can get the relevant updated information)

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Nationality of partners

Nationality of partners is important to determine what type of business they can set up on the mainland.

Only UAE nationals may set up the following types of companies:

  • Joint liability companies (partners must be UAE nationals)
  • Simple commandite companies
  • An industrial or commercial type sole proprietorship
  • Licence for home-based businesses
  • SME licence (in Dubai).

People of other nationalities (other than those of the other GCC countries) can conduct the other types of businesses. However, they need to involve a UAE national as a sponsor.

The UAE national could be:

  • A partner with at least 51 per cent ownership of the business or
  • A local service agent (LSA), with the investor having a 100 per cent ownership of the business.

Company types that require a UAE national partner:

Some includes

  • LLC companies
  • Public Joint Stock Companies (PJSC) – it must have at least 5 founding members who are UAE nationals, owning between 30 per cent and 70 per cent of the capital shares
  • PrJSC Companies
  • Civil company with an engineering activity

Company types that require LSA:

  • A professional type sole establishment
  • Civil company with no engineering activity
  • Foreign Company Branch

Note that a GCC national can be a partner in any form of business except:

  • A representative office
  • Simple commandite companies.
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Client's Feedback

Meike

"My experiences with PRO24 are very satisfactory. PRO24 is efficient, on the ball, knowledgeable and well connected. The services provided are of a high standard and the staff is very pleasant to work with. as such, I would highly recommend pro24 to anyone in need of pro services."

Nishit H Ambalia

"I really found your website amazing. Can i have more details."

Send Feedback

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Client's Feedback

Meike

"My experiences with PRO24 are very satisfactory. PRO24 is efficient, on the ball, knowledgeable and well connected. The services provided are of a high standard and the staff is very pleasant to work with. as such, I would highly recommend pro24 to anyone in need of pro services."

Nishit H Ambalia

"I really found your website amazing. Can i have more details."

Send Feedback

12 + 12 =