Get a License Notification

Once the necessary documents are obtained and formalized, the initial application process will begin at the relevant issuing authority along with registering the company’s formal name. This crucial stage paves the way for clarification of the final fees and the final acceptance of the company’s proposed activities.

Once you have received the initial approval, Excelogy Accuvat can settle the final fees and expect issue of the incorporation certificate. A dedicated Excelogy Accuvat Corporate Service Officer will guide you through this entire process. The summary of different companies available for you to incorporate are as follows:

Limited Liability Company

A versatile company
A sponsor is needed
The foreigner may own no more than 49% of the shares
Office space is required (we can arrange virtual offices also)
Residence Visa is provided depending upon the license
Able to open UAE accounts and accounts worldwide
Has access to other GCC markets through UAE incorporation
Permitted to register at the Dubai Chamber of Commerce

Professional License company (no limited liability)

Only able to conduct business in the specific area of expertise of the license owner/manager
Needs a local service agent
The foreigner may own 100% of the shares
Office space is required (we can arrange virtual offices)
Residence visa is provided
Able to open UAE accounts and accounts worldwide
Has access to other GCC markets through UAE incorporation
Permitted to register at the Dubai Chamber of Commerce

Free Zone Company

May trade only within the specified free zone and elsewhere in the world
A 5% customs duty applies to any goods exiting the Free Zone destined for elsewhere in UAE
No sponsor is needed
Foreigners can own 100% of shares
Residence visas are issued
Office space is required within the free zone; this is strictly enforced
Able to open UAE bank accounts and accounts worldwide
May join the Chamber of Commerce through the relevant office in the specific Free Zone

Offshore company

Only able to trade outside of the UAE
No residence visa is issued
No local sponsor needed
Foreigner can own 100% of shares
may hold UAE bank accounts
May hold bank accounts elsewhere in the world