1. 1
Brief overview of setting up
business in Dubai
Anjuli Sivaramakrishnan
Partner
KOCHHAR & CO INC.
2. 22
Company incorporation.
Free Zones – 100% ownership possible (FZE, FZC and Branch)Free Zones – 100% ownership possible (FZE, FZC and Branch)
Main Land Dubai- Mandatory requirement of 51% share capital toMain Land Dubai- Mandatory requirement of 51% share capital to
be held by an Emiratee.be held by an Emiratee.
Civil Company – 100% ownership (unlimited liability)Civil Company – 100% ownership (unlimited liability)
Branch office- Foreign Company.Branch office- Foreign Company.
Process fairly straight forward and fast.Process fairly straight forward and fast.
Certain activities require a presence of a Limited LiabilityCertain activities require a presence of a Limited Liability
Company (LLC) in mainland DubaiCompany (LLC) in mainland Dubai..
KOCHHAR & CO INC.
3. 33
Advantages
Tax HavenTax Haven
Minimal regulatory oversightMinimal regulatory oversight
No regular corporate filing requirementsNo regular corporate filing requirements
Easier labour and employment lawsEasier labour and employment laws
Legal system- Fairly robust and fairLegal system- Fairly robust and fair
3
KOCHHAR & CO INC.
4. Commercial Agency Law
Agency contracts registration mandatoryAgency contracts registration mandatory
Distribution Agreements and Franchise Agreements-Distribution Agreements and Franchise Agreements-
Cant be enforced before the courtsCant be enforced before the courts
Legal obligationsLegal obligations
Enforceability of termination clausesEnforceability of termination clauses
Non compete and non solicitation clausesNon compete and non solicitation clauses
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KOCHHAR & CO INC.
5. Banking & FinanceBanking & Finance
Presence of several banks and banking productsPresence of several banks and banking products
Limited diligenceLimited diligence
Straight forward and simpler documentsStraight forward and simpler documents
CollateralsCollaterals
Enforcement challengesEnforcement challenges
Parent company relianceParent company reliance
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