Numerous onshore company formation services are available from TheBusinesstor. We'll walk you through the process, advise you on the kind of license your company needs, and assist you in getting it. The Department of Economic Development for each emirate is responsible for issuing these permits.Professional Service License
A Professional Service License permits sole proprietorships, civil companies, and full foreign ownership. A UAE national, also known as the sponsor, must be designated as a local service agent while remaining uninvolved in the company.
A professional consulting license is necessary for organizations like management consultancies, law offices, and auditing firms. We will assist you in setting up and completing the necessary documentation, business license applications, company creation, visa applications, and opening corporate bank accounts in order to obtain this license.
Businesses that offer clients specialized services, such as spas, bars, coffee shops, computer graphic design, and IT solutions, are granted the service license. Foreign nationals are permitted to own all of the company's shares. However, a citizen of the UAE must serve in that capacity.LLC License
A limited liability company, or LLC, can be incorporated by two to fifty stockholders. Their financial responsibility is restricted to their capital stock holdings. Profit and distribution losses may be dictated, but foreign equity in the company may not exceed 49 percent. In the end, the company's members are not responsible for any obligations or liabilities incurred by the business. Businesses that are registered as LLCs are hybrid entities with traits from both corporations and sole proprietorships. Additionally, forming an LLC is the most typical and often used way to start a business in the United Arab Emirates.
All trading businesses involved in the purchase and sale of tangible products are granted a trading license, also known as a commercial trading license. Up to 49% of the shares may be held by the foreign shares partner, with the local national partner holding the remaining 51%. Importers and exporters, automobile rental companies, brokerage businesses, and logistics companies are among the industries that need this kind of license.
The industrial group includes producers, distributors, and packers. Up to 49% of the shares may be held by the foreign shares partner, with the local national partner holding the remaining 51%. For this license, a physical office must be located within the nation.