Bracewell and Creation offer their legal advice for beginning a business in the UAE. There are several ways to set up a business in the UAE, so talking through these decisions with us will help to make sure you are making the best choices for your company. Whether you hope to establish through appointing an agent or establishing a company in a free trade zone, our partners can help to guide you through the process.
There are no taxes on the income of companies, except for oil and gas exploration businesses, as well as branches of foreign banks. Choosing the right business entity for your company is crucial and is dependent on several factors. Finance details: Gaining advice from professionals that can outline the differences between finance and taxation in China versus UAE can remove the risk of missing any regulations that might affect your work.
Joint ventures in the UAE could be onshore, and/or in the DIFC, and are either corporate or contractual. There is little legislation relating to JVs, and documentation should be discussed case by case. Ensuring JVs are registered with the right legal bodies is also important, which we can offer support on in more detail. It is worth noting that this is a documentation-heavy process, but the benefits of JVs are undeniable, with the economic and financial incentive of joining forces with a UAE company as a primary focus.
registered Commercial Agency
Registered Commercial Agency agreements are agreements between companies and agents which are registered with the Ministry of Economy. Only UAE nationals or 100% UAE owned companies may be registered as agents with the Ministry.
Unregistered Commercial Agency
Unregistered Commercial Agency agreements do not benefit from the protections offered by the Commercial Agencies Law, but areinstead governed by the Commercial and Civil Code.
Unregistered Commercial Agency
Unregistered Commercial Agency agreements do not benefit from the protections offered by the Commercial Agencies Law, but areinstead governed by the Commercial and Civil Code.
UAE Commercial Companies Law (CCL)
On 1 July 2015 a new Commercial Companies Law (Law No. 2 of 2015) was implemented, replacing the previous Federal Law No. 8 of1984. A number of changes were introduced with the new CCL which affected companies throughout the UAE. Various penalties maybe
Creation
Company formation, structuring, and advice to protect you from foreign investors. Creation will support the development of (or restructuring) your company with 20+ years of experience.
Bracewells
Bracewell’s legal advice, alongside their knowledge of energy, provides service for your company as you expand to UAE. Whether they are supporting you through advice on labour or offering their experience in power and infrastructure.
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