1 - National Proprietorship (100% National)
Selection and approval of trade name (Chamber approval).
Lease contract involving the headquarters through which the activity is intended to be practiced.
Passport photocopy + personal photograph of the national owner.
Definition of activity (Commercial; professional or vocational).
Acquiring competent authority approval whenever required for certain activities.
Completed application forms prepared for the purpose by the Municipality; Commercial Register and Chamber Membership.
2 - Foreign Proprietorship (For Foreigners)
Selection and approval of trade name. (Chamber approval).
Definition of activity and getting it approved by respective competent authority whenever required for certain types of activities, with consideration to the fact that certain activities are only confined to nationals under different law provisions.
Contract agreement with a services agent holding the UAE nationality.
Lease contract involving the headquarters through which the activity is intended to be practiced.
Passport photocopies + personal photograph.
Completed application forms prepared for the purpose by the Municipality; Chamber and Commercial Register.
3 - Commercial Companies (51% Minimum National Share)
Getting the selected trade name approved in accordance with the requirements provided in the Commercial Company Law. (Chamber approval).
Partnership agreement duly authenticated by the Notary Public (National (s) share should not be less than 51%) and without prejudice to other provisions and requirements provided in the Commercial Company Law in respect of the company type or legal status.
Lease contract involving the headquarters through which the activity is intended be practiced.
Passport photocopy + personal photograph of each partner.
Definition of required activity. Getting it approved by respective competent authority whenever required for certain types of activities.
Bank Certificate, certifying that the company capital has been already paid- up at one of the banks operating in the Emirate, along with a statement showing the cash shares of partners.
Completed application forms prepared for the purpose by the Municipality; Commercial Register and Chamber Membership.
Registration of the Partnership agreement at the Ministry of Economy & Commerce.
4 - Foreign Company Branches:
Adopting the same mother company's name for the branch in Abu Dhabi (Chamber approval).
Detailed statement on the activity required to be practiced by the branch. Getting it approved by respective competent authority whenever required for certain activities, with consideration to that the branch activity must be from among those practiced by the mother foreign company.
Contract agreement with a services agent holding the UAE nationality. The agreement must be duly authenticated by the Notary public.
Submission of a duly attested " Undertaking" issued by the mother country pledging to bear any financial liabilities on behalf of its branches in the UAE.
Duly attested decision taken by the concerned administrative body at the mother company confirming willingness to open a branch in Abu Dhabi.
Duly attested official certificate issued by the competent authority at the country in which the foreign company is registered. The certificate must state for the company registration; legal status; capital; names, capacities and powers of its representatives.
Duly attested facsimiles of the mother company's letter of incorporation and articles of association.
Latest duly attested couple of balance sheets accredited by the mother company, along with auditor report; profit/loss account and other balance sheet- related explanations.
Statement showing main operations and activities practiced by the foreign company outside the UAE, and accounting for its previously accumulated experiences.
Duly attested power of attorney in favor of the company's representative in Abu Dhabi, along with his passport photocopy and personal photograph.
Passport photocopy and personal photograph of the national services agent if he is a natural person. In case he is a legal entity, an official certificate confirming that all partners are UAE nationality holders should be attached along with copies of issued licenses.
Statement showing the number of employees expected to be recruited in the company branch in Abu Dhabi.
The branch capital amount must not be less than Dhs. (250,000/-).
All documents should be translated into Arabic by an authorized legal translator and duly attested by the UAE Ministry of Justice.
5 - Appointment of Commercial Agent (Exclusive Distributor)
Foreign companies unwilling to acquire license, yet interested in finding access to the UAE markets or seeking to offer their services, may appoint a commercial agent in accordance with the provision of Federal Law No. (18) Of 1981 concerning the organization of commercial agencies and amending Law No. (14) Of 1988. Such agent may promote the foreign company products and services through an exclusive sales or distribution within the specified territory of the agency.
This can be done by virtue of a relevant agreement which should be duly registered at the Ministry of Economy & commerce.
However, foreign companies may have one agent to cover the whole UAE territories or one agent in each emirate.
Source : ADCCI.ae Web Site
No comments :
Post a Comment