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FAQs
What is the role of local partner in L.L.C?
The local partner will only be the sponsor of the company and will not interfere in any day-to-day activities of the company. In this event ,the local U.A.E sponsor is paid annual sponsorship remuneration.Management control of the company will always be with the foreign investor,therefore finding the right local U.A.E sponsorship is critical to the success of your Business
Can an Individual proprietorship/partnership company be transformed into L.L.C?
To build a company it´s necessary to have a minimum of two and a maximum of fifty societies can form a limited liability company. However ,U.A.E National´s share in the capital should be minimum 51%; at any given time share of the U.A.E National Partner should not fall below 51%. Every Partner has to be responsible only to the extent of his share in the capital for the company´s duties.
Is it possible to drag the service agent from a license in the absence of its owner?
The service agent can drag his name from the license in the absence of the owner in the country and leaving for more then year.
How can we issue a long visit or a short visit visa?
The resident can sponsor their family members (wife, sons, parents, parents-in-law) on a condition that the monthly salary is not less than 4000 AED or 3000AED+accomodation.
How can we issue an establishment card in the ministry of labour and the General Directory for Residency and Foreigner Affairs?
After issuing the trade license, you must open a file to your office, sign the request, stamp it and submit it to the General Directorate of Residence and Foreigner Affairs, attached to it (rental contract, location map, a copy of your license, a copy of the partners’ passports, a copy of the residences of the foreign partners, no objection for the partners who live in UAE, a copy of citizenship certificate, establishment contract). You have also to open a file for the company at the ministry of labour, sign the request, stamp it and pay the fees, plus opening a file for the local partner and the company signature representative and attach (rental contract, location map, a copy of your license, a copy of the partners’ passports, a copy of the Residences of the Foreign Partners, no objection for the partners who live in UAE, a copy of citizenship certificate, establishment contract) and submit them to the Ministry of Labour.
How can we issue residence visas for the employees, labour permissions, medical test etc?
You can open your company file in ministry of labour after issuing the signature card then you can apply for work permits for your employees and this requires initial approval from ministry of labour on the profession that you want to bring in employees
How can we issue a residence visa for the partners?
After issuing the trade license that contains the partner’s name, we can type a request to issue a partner’s residence, this requires his presence, his original passport and typing a residence request for him and a request of emirates ID.
What is the Governmental Fees?
You can pay all the governmental fees for the issuing of your license in the Department of Economic Development , these fees include the department fees for activity and commercial fees and issuing fees, it also includes the fees of other departments like markets, municipality, censorship, fines, labour housing allowance and others.
What does companies integration mean?
It is integrating two or more companies, this requires liquefying one of them and modifying the details of the other one by increasing the capital of the the company and adding partners or changing the commercial name …etc.
Can I freeze my license activity, or hold the license temporarily?
In case there is no labour or employees at the company, you can freeze its activity or hold it temporarily, and also you can stop the freeze and go back to work any time you want.
How can we cancel a trade or professional license or others, how can we liquefy the companies and what are the documents required?
For liquefying the company, you should hire a legal liquidator who will prepare the company reports, and it’s also a must to cancel all the residence visas and labour cards from the General Directorate of Residence and Foreigner Affairs and the Ministry of Labour.
How can we Reserve a Trade name and what does it mean?
Conditions and terms concerning the commercial name It mustn´t contain obscene and inappropriate words, and it must not be against the public taste even if it’s a personal name. The commercial name must not contain the majesty word “Allah” or “God” or any of the names of “Allah”. If the company name includes the name of a person, this person must be a partner/owner in the company. It’s a must not to use the family name as a commercial name unless it includes the first name. the names must be written literally not translated.The name must not contain the name of a country or a government. The name of the company must indicate the commercial activity clearly. It’s not allowed to include any banned name like the international political organizations or the sectarian or the religious organization, …etc. It must not contain any of the punctuation marks. The economic development department keeps the right to put fines on violation in the past years. The economic development department keeps the right to cancel or change the name of the company if it’s found that there is a company with the same name The name must not be the same to one of the active trade marks in Dubai or any of the projects or the governmental commercial names. The name must not end with “international”, “middle east”, “universal” and the same.
What does an individual establishment- professional business- L.L.C Mean ?
Individual establishment: the establishment that can be owned by a natural person to practice an economic activity in the emirate, whose ID cannot be separated from its owner’s ID and it’s financial disclosure is related to him, considering him responsible for all its financial commitments towards others.
What are the documents required for the trade license for individual- professional- L.L.?
Here are the documents required generally for a new license: Passport copy of the owner- a copy of ID or citizenship- copy of residence or visit visa for non-GCC citizens- no objection from the sponsor for foreigners- the approval of other governmental authorities if needed.
What are the special approvals I need to get to establish my company?
Some activities need special approvals; i.e. contracting activities need Dubai municipality approval- consultancy activities need special certificates and experiences and the approvals of the concerned authorities – transportation activities need the approval of RTA and following its special conditions etc
How can I start founding a company in Dubai?
Generally, establishing a company in Dubai requires your presence and being inside the country, this is to have a unique number to admit in all your documents. Then you can directly go to one of our branches to help you to choose the activities you want to do in Dubai and determine the trade name of your company and it’s location. It’s our pleasure to explain to you in details the UAE law concerning establishing companies and what are the legal forms and the conditions and rules that regulates each type
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