Consulting services on organizing a business in the UAE

Yes, you can open a company in the UAE with 100 percent foreign ownership. A key factor in the economy of the United Arab Emirates is foreign investment, as demonstrated by the following statistics: 90% of the population is made up of foreign citizens.

The cost of setting up a company depends on many factors, such as the type of business, the size of the office space and the number of visas required. As an example, one of the most economically advantageous options in the market right now is the AMCFZ free zone in the emirate of Ajman. The cost of a visa-free license is AED 6,166 (USD 1,678). Obtaining a turnkey resident visa will cost you approximately 9,175 UAE dirhams (2,500 US dollars). Additionally, in order to open a corporate account with a United Arab Emirates bank, you will be required to rent an office.

In the UAE free zones, you can register a Free Zone Establishment (FZE) - a company with one founder (individual or legal entity), and a Free Zone Company (FZC) - which is a limited liability company with two or more founders and a branch office of a parent company. A local company may set up a Limited Liability Company (LLC), a Sole Establishment/Civil Company, a Branch of a foreign company, or a representative office. There are a number of free zones in which you can set up an offshore company.

Due to the UAE's current and diverse nature, it is difficult to single out just one area of business. The most profitable industries include IT technologies, construction, real estate, tourism, food, re-exports, and others.

Venture capital is funding provided by investors to small private companies in exchange for part ownership of the company.

This is a type of company or project in the UAE which evaluates the potential of a start-up, tests its viability, and facilitates development by leveraging financial and non-monetary incentives.