0
0
In UAE, companies do not have public company registries, so information about a company in a free zone is only available upon request to the local court. Similarly, a company’s directors and shareholders are not accessible to third parties. Depending on the size and needs of the company, RAKEZ offers various office packages. Visit to apply for RAKEZ license.
Free zone
A business license is a vital part of running a business in UAE. This is because it shows that your company is legal to conduct business activities in UAE. The license is also important in opening a bank account in UAE. To ensure that you comply with the requirements of a business license, you should get the required documents and apply for a trade license before you begin operating in UAE.
Industrial license
UAE is a fast-growing hub of business and manufacturing in the Middle East. Obtaining an industrial license is essential if you want to run a manufacturing business in the country. Industrial production is the process of turning raw materials and natural resources into finished products. This process involves both mechanical and manual intervention. It also involves segregation. In UAE, designated zones exist that can cater to the needs of manufacturers.
Freelancer permit
A freelancer permit in UAE is a great way to start a new business without the high costs and administrative overheads associated with an established business. In addition to having fewer employees and no office space to pay for, freelancers can often obtain a permit for as little as AED 7,500. However, the permit does not include a residency visa and immigration card, and the freelancer must still pay for insurance.
The process for acquiring a freelancer permit in UAE is relatively simple. However, freelancers cannot open a corporate bank account or hire employees. While a company may employ you, you must obtain a no-objection certificate from the employer first. Once you have the certificate, you can apply for the freelancer permit.
Share capital denominated in any currency
A company’s shareholders can elect to have their shares denominated in a different currency. This is allowed by section 542 of the companies act 2006. It is also possible to issue different class shares denominated in different currencies. However, the articles of association of a company can restrict the redenomination of shares.
