The legal framework in the UAE dictates that almost all foreigners wishing to do business ‘onshore’ (outside the designated business zones known as ‘free zones’) must partner with a UAE national or an entity wholly owned by UAE nationals. However, it is pertinent to indicate that the foregoing is currently under review in relation to particular sectors. Several principal options available for foreign businesses to operate from the UAE are either to register an overseas branch and enter into a contractual sponsorship agreement with the local party, or to establish a limited liability company (LLC) in which a majority of the issued shares (though not necessarily the economic rights) are held by local partners or establish a free zone company (through the free zone areas of the country) .
Triple A Advocates specializes in incorporation of different companies within the jurisdiction of Department of Economic Development, and various free zones Authorities. We are capable of facilitating incorporation of type of entities across the UAE. Our lawyers provide different clients with legal advice and define the desired legal structure according to the relevant rules and regulations that regulate incorporation of entities such as:
- Sole proprietorships;
- Limited liability Companies;
- Private or Public stock Association;
- Joint liability companies;
- Limited partnership companies;
- Free-zone Companies and Establishments;
- Offshore Companies;
- Representative Offices.