The law permits the establishment of a sole proprietorship for
the UAE nationals
the following documents are required:
or nationals of GCC countries. Since the procedure and
conditions differ in every
case, the following is a list of conditions applied to each case
for establishing sole
proprietorship.
In case of U.A.E. citizen
The national individual who wishes to practice a business
activity may apply to
the Dept. of Economic Development on the specified form for
obtaining a license
to practice the required activity with the following documents:
1. Photocopy of passport
2. No-objection letter from his employer (if he is an employee)
3. No-objection letter from the concerned authority to practice
that type of activity of
which requires special
approval.
In case of G.C.C. Citizen
In accordance with the Article 8 of the Unified Economic
Agreement in respect of
treating all nationals of the Gulf Cooperation Council countries
as nationals of any
member state without any discrimination in carrying out business
activities in the
fields of industry, agriculture, livestock, fisheries and
contracting.
The natural person who wishes to practice retail or wholesale
trade, according to
this law must be residing in the U.A.E., must practice the
required activity by
himself and have a license to practice the activity in his
country of origin.
However he may not open branches inside the country.
The documents required in case of GCC citizen
1. Photocopy of valid passport
2. No-objection letter from the concerned authority to practice
that type
of activity of which requires special
approval.
3. Photocopy of the license issued to him from the concerned
authority in his home
country under which he
practices the activity, if he is a merchant.
The documents required In case of foreign investor:
·
Photocopy of valid passport
·
Photocopy of his local agent’s
valid passport.
·
Photocopy of the agreement with the
local agent
·
Non objection letter from the
concerned authority to practice that type of
·
Activity (for the activities, which
require special approvals).
The documents required In case of a company:
·
It should submit a copy of the
partnership deed duly authenticated by
the Notary
Public. In addition to the other supporting documents required for the
license in accordance with the legal
status of each company.
If the applicant is a branch of a G.C.C. company, the following
documents
are required:
·
Photocopy
of the trade license issued to him by the concerned authority of the
investor's home county.
·
Photocopy
of the partners’ valid passport
·
Photocopy
of the company’s Memorandum of Association in the country
of origin.
If the applicant is a Representative office or branch of foreign
company,
the following documents are required:
1. An official certificate from the competent authority in the
country where the foreign company is registered which shows that the company is
established and registered in that country according to the provisions of
applicable laws with a statement of the legal form of the company and its
capital.
2. The Board resolution authorizing the opening of a branch or
an office to practice the activity in the UAE. In addition to the resolution to
authorize the representative of the company with the power to establish a
branch in Dubai, provided that the documents be authenticated and legalized by
the concerned government authorities.
3. An identical copy of the company’s memorandum and articles of
association duly attested by the competent government authorities.
4. Last two years’ balance sheets coupled with the auditor’s
report duly attested by the competent
government authorities or a duly document attested by the chartered accountant of the company or any other document showing
that the financial position of the company is sound.
5. The agency between the foreign company and the local service
agent
and an identical copy of
it.
6. The passport of the local service agent and photocopy of it
or his identity card and a photocopy of it if the agent is a natural person. In
case the agent is a juridical person (company), a photocopy of the memorandum
and articles of association should be attached and attested by the concerned
authority as well as a photocopy of its trade license and the certificate of
its inscription in the commercial register coupled with photocopies of all
these documents.
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Our Services:Company Formation|Offshore Incorporation|Freezone Incorporation|Visa Assistance|Pro Services|Paralegal Services|Document Clearing|Business Consultancy|Language Services|Employment Visa|Transit Visa|Maid Visa|Visit Visa|Abu Dhabi Visa|Schengen Visas|Consulting Company|Hospitality Consultants|Trade Services|Managed IT Services|Outsourcing|Healthcare Services|Logistics services|Intellectual Property|Offshore Services
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