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Frequently Ask Questions

Can a L.L.C. of another Emirate open branch in Dubai?
Yes, but if the capital of the company is less than Dhs. 300,000/- then it should be raised to Dhs. 300,000/- by an amendment to the Memorandum of Association. The original and the amendment to the Memorandum of Association along with other documents have to be filed with the Department of Economic Development, Dubai.
How long is the process for the Incorporation for a Consultancy License (Time Frame)?
Upon receiving the complete set of documents & tenancy contract for the office 5-7 working days to get the License.
How many persons can form a company and who can be the partners?
The Law stipulates that companies engaging in banking, insurance, or financial activities should be run as public shareholding companies. Foreign banks, insurance and financial companies, however, can establish a presence in Dubai by opening a branch or representative office.

Shareholding companies are suitable primarily for large projects or operations, since the minimum capital required is Dh. 10 million (US$ 2.725 million) for a public company, and Dh. 2 million (US$ 0.545 million) for a private shareholding company. The chairman and a majority of directors must be UAE nationals and there is less flexibility of profit distribution than is permissible in the case of limited liability companies.
I want to buy a business, what can you do for me?
We would work with you to help deliver a successful conclusion of the project. We can work to support your existing advisors or completely manage the project for you. Our specialist team at Dubai Business Advisors and our close associates has the expertise to provide you with any or all of the following, ensuring a successful transaction:
When can the company commence business activities?
The partners can commence business on receipt of the Certificate of Commercial Registration, provided the partners have obtained a residence visa. The partners shall be jointly liable for all acts and transactions performed on behalf of the company prior to its registration.
Which are the documents required to be submitted to the Department of Economic Development?
A complete list of documents required to form a Limited Liability Company is enclosed herewith.
Which business activities can be undertaken by the company?
The company may undertake any business activity permitted by the Department of Economic Development except business of banking, insurance and investment of funds for third parties.

By practice, the department does not permit, two different classified business activities under one license e.g. trading and manufacturing need separate licenses or two different designated classes of activities under one license, e.g. trading of electronics and Jewellery need separate trade licenses.

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What Others are saying

For a newly established company in a foreign country it is difficult to know the law and the rules & regulations... Zeus International
Many thanks to the entire SME Consultants team for putting on such a great event...... Ms. Corrina, Manager - Strategy marketing
You (SME Consultants) have played a very significant role in the starting of our company... Padmanabhan Narayan, Manager - Cmet Engineering

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