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Local Company Setup

What is a local company
Local company in United Arab emirates it’s a company which explore its activities in local area under Federal Law No. 2 of 2015 which came in to effect on 1 July 2015.
insert pdf here: Federal Law No. (2) of 2015 on Commercial Companies.

Structure of local company
A local company in uae can be under several legal forms:
• Sole proprietorship
• Civil works company
• Limited liability company
• Partnership company
• Public shareholding company
• Private shareholding company
• Government liaison office
• Representative office
• Branch of a local company
• Branch of a foreign company
• Branch of a free zone company and one-person company (LLC)
• Learn more about legal form terms
• The company can operate only inside uae
• An uae national with minimum 51% shares should be a partner in the company.

Different type of trade license to cover all activities needs
• Professional license
• Commercial license
• Industrial license
• Tourism license
• Free visa Cota
• Full business power

Read more about federal_law_2_2015_commercial_companies