+971 4 2229944
 
+971 4 2225595
 
almaarif_law@hotmail.com
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AREAS OF PRACTICE
 
CORPORATE & COMMERCIAL LAW & BUSINESS CONSULTANCY SERVICES
 


WHY BUSINESSES LOVE DUBAI ?

The UAE with its strategic position in the Middle East ,beneficial zero tax policy ,multinational culture and unlike any other place growth potential offers incoming businesses all the advantages of highly developed and fast moving economy ,advanced financial and service sector ,top international exhibitions and conference venue, competitive freight charges, modern telecommunications and infrastructure that match international standards considerable and excellent opportunity for Foreign Corporate and individual investors, interested in establishing a business in UAE. The options for the establishment of corporate activities depend on type of business activities.

Having a legal consultation before starting your business in UAE is fundamental to getting you on the right track and to avoid or minimize the possibility of incurring misfortune or loss and to protect your constant business interest.

We are at your disposal to directly, efficiently and quickly answer any question on UAE Corporate and Commercial Law, issues on the business entities corporate governance .Our strategic business development team provides end to end flexible and reliable services and assistance on the most suitable solution in respect to the best applicable legal structure and location to the line of business activities and future objectives, corporate structuring and restructuring, inward investment projects, regulatory strategies and compliance, establishment of branch and representative offices of foreign companies, Private and Public Joint Stock Companies, LLC, Sole Proprietorship with, sponsorship ,related agreements and applicable Laws.

The UAE features seven emirates .Economic activities in UAE are regulated separately in each of the seven emirates as well as by the Federal Government. In general there are two jurisdictions, regulating businesses in Dubai – Dubai Economic Development (DED) and Economic Free Trade Zones.

In the world of business we are result oriented and accommodate well to constantly changing regulations and amendments of the existing company laws. We advise clients on variety of corporate governance issues to include:
officer/director duties and liabilities,board structure and operations,memorandum and articles of association,derivative and shareholder litigation,debit collection, creditors agreements,.insolvency proceedings / bankruptcy petitions, mergers and acquisition,joint ventures,distribution agreements.

INCORPORATON OF LOCAL COMPANIES IN UAE MAINLAND

The main government institution regulating businesses in Dubai mainland is Department of Economic Development (DED).

A DED licensed enterprise is known as a “ local ” / mainland company”. The lawful basis for company formation and related commercial laws is UAE CCL No. (8) of 1984,as amended and Law No.2 of 2015.Unlike Free Zones all companies must have a local majority holdings - local (UAE national ) sponsor/sponsors holding 51% of the capital of the company. Some of the advantages of a local company DED license are – direct access to local market use, no minimum capital required since 2012,no limitation on activities, can be run from a business center or from office anywhere in Dubai.

Three categories of Mainland Company: Professional, Commercial (trade), Industrial.

The following legal forms of companies can be registered in DED with three major types of licenses.
• Sole Proprietorship
• Limited Liability Company
• General Partnerships
• Simple limited partnership
• Private Joint Stock Companies
• Public Joint Stock Companies
• Partnerships Limited with shares
• Branch offices of foreign companies

INCORPORATON OF COMPANIES AND BRANCHES IN UAE FREE TRADE ZONES

What is a Free Trade Zone ?

It’s a designated area in a country for business activities such import and storage of goods without import duties and some commercial / industrial / trade operations may be carried out without certain taxes or restrictions. The free zone enterprises can only conduct business transactions within applicable free zone or abroad or they need a local agent to sell their products.

What makes free trade zones the most sought-after locations for Foreign Investors to establish or extend their businesses in United Arab Emirates ?



The main benefits:
100% foreign ownership & repatriation of the capital and profits ; no currency restrictions, flexible business packages based on your requirements ; no corporate/personal tax, exemption from all import/export taxes or VAT, competitive customs duty ( 5% ) with many exemptions, no mandatory office lease, no local sponsor, no minimum capital required.

A number of considerations have to be taken into account when setting up any business – company type, location , budget. There are various free zones in UAE, which are engaged in very distinct business activities and industries and provide foreign investors a modern infrastructure and business facilities with international standards.
Each Free Zone Authority is managed by a specific governing body and has its applicable fee ,business set up protocol, laws and regulations. With the different laws governing various free zones in UAE we provide a qualified advice and guidance in entire process of company incorporation and obtaining the license, office space, visas. INCORPORATION OF OFFSHORE COMPANIES IN UAE.

We provide you with advice on adequate Offshore center in UAE ,activities and regulations with our local associates. The Advantage of UAE offshore company are : Multiple activities (trading, intermediary or professional services, property holding companies)with one license .Restricted activities : aviation, media, insurance. Confidentiality, low setting up cost, registered office in UAE.
 

Al Maarif Advocates & Legal Ctonsultants.
Prime Tower, Office 1112, Abraj Street, Business Bay.
P.O.Box: 40555 Deira - Dubai - U.A.E

+971 4 2229944
 
+971 4 2225595
 
almaarif_law@hotmail.com