Setting Up a Commercial Company
Setting up a business is a one-time decisionand starters need to take the right decision atthe right time to assure a successful businessundertaking.
Individuals looking to establish a company requireprofessional advice and Dubai Chamber caters in various
ways to this need. It’s not surprising, being the prime
business advocator in Dubai, that we hear questionsrelating to establishing a company often at DubaiChamber. Starters come to Dubai Chamber as one of thefirst starting points in their quest to find out on the variousrules, regulations, and procedures.To give better insights to those who are looking to
establish a company in the UAE, Dubai Chamber’s Legal
Services Department organised a training workshop onEstablishing Commercial Companies in the UAE. Duringthis workshop various types of commercial companieslaws, regulations on the formation of companies as well aspractical information were provided. The commercialcompanies law was analysed in further detail in addition tospecific regulations and requirements to establish LimitedLiability Companies (LLCs), Joint Stock Companies, andspecial rules pertaining to setting up a branch orrepresentative offices of foreign companies. Attendeesconsisted of Dubai Chamber members, investors,entrepreneurs, lawyers, consultants, and SMEs.This training workshop provided attendees with focusedand essential insights on starting up companies. DubaiChamber strives to create a favourable businessenvironment, to support the development of businesses,and to promote Dubai as an international business hub. Tothis end many other exciting and beneficial initiatives areundertaken. For more practical information on starting abusiness in Dubai, you can obtain a free copy of the
Dubai Business Advisor Series.
The last updateson our initiatives can be found on our website,www.dubaichamber.ae.
The First Rule toSuccess for an SME
A strongly founded business plan that maps all factors of key importance for a company brings clarity for allbusiness undertakings in start-up, growing, andestablished phases. On July 4
, companies looking torealize their full business potential had the opportunity toattend the two-
day training workshop “Crafting a WinningBusiness Plan” at Dubai Chamber. The training workshop
catered for companies that want to stay abreast of theever- changing business environment and believe that it isessential to be outstanding. With this in mind, a variedgroup of participants from different age groups and withdiverse professional backgrounds joined the training
workshop last week. With the “Winning a Business PlanCompetition” attendees were further motivated to put
theory directly into practice. They were encouraged todraft their own business plan within the following twoweeks on which the trainers provided direct feedback. Allparticipants also had access to a special interactive follow-up session online while preparing for their business plan.
Did you know?
All businesses, whether industrial, professional,trading, or providing services, must be licensed tooperate in the UAE.
Each Emirate has its own set of rules and regulationsregarding the establishment of new businesses.
The Commercial Companies Law no. 8 (1984) asamended (CCL) and the Commercial Agencies Law no.18 (1981) as amended are the primary federallegislative framework that control commercial activity inthe UAE.
Types of Licenses
A Commercial License is for companies thatwill be engaged in all sorts of trading activity,such as importing, exporting, selling,distribution, and storage.
An Industrial License is intended forcompanies that will be conducting industrial ormanufacturing activities. This includes importsof raw materials, manufacturing of certainproducts, and the export of finished products.
The Professional License covers professionsand the provision of services.