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BARRBIZTM
Volume 1, Issue 4
October 2010
Establishing a Business
In the United Arab Emirates
The benefits of establishing a business in the country include corporate tax holidays to most sectors, no personal taxes, no currency restrictions and freedom to repatriate capital and profits. Top multinational companies and global professionals have joined hands with the UAE for business projects
of 1988 is the Federal Law regulating the formation and functioning of all commercial companies in the UAE, both local and foreign with the exception of companies established in Free Zones; companies in the oil an gas industry, electricity, gas production companies, and water treatment and distribution
nomic Agreement
that have direct access to the UAE market.
companies are companies exempted from the
GCC Customs Union
These relationships are sometimes conducted through general trading activities
provisions of the CCL by the UAE Cabinet for special reasons. The CCL is currently under
and specific joint ventures. In many cases partnerships with Emirati individuals and
review by the Federal Supreme Council and it could allow foreign investors to take a major-
companies taking a minimum equity stake yet providing invaluable local expertise have
ity stake in certain businesses set up outside the UAE Free Zones.
Special points:
Gulf Cooperation Council
GCC The Unified Eco-
GCC Secretariat Publications Library
Inside this issue:
proved to be extremely fruitful and reward-
A foreign company wanting to do business
Ownership
2
Business Categories
3
Commercial Agents
5
Imports & Exports
6
Barr Trade Services
7
The hydrocarbon industry is owned and controlled by the respective emirates while electricity, gas, and water utilities are also state
in the UAE can choose to set up operations as a branch, representative office or registered company within one or more of the
Volume 1, Issue 4
October 2010
Establishing a Business
In the United Arab Emirates
The benefits of establishing a business in the country include corporate tax holidays to most sectors, no personal taxes, no currency restrictions and freedom to repatriate capital and profits. Top multinational companies and global professionals have joined hands with the UAE for business projects
of 1988 is the Federal Law regulating the formation and functioning of all commercial companies in the UAE, both local and foreign with the exception of companies established in Free Zones; companies in the oil an gas industry, electricity, gas production companies, and water treatment and distribution
nomic Agreement
that have direct access to the UAE market.
companies are companies exempted from the
GCC Customs Union
These relationships are sometimes conducted through general trading activities
provisions of the CCL by the UAE Cabinet for special reasons. The CCL is currently under
and specific joint ventures. In many cases partnerships with Emirati individuals and
review by the Federal Supreme Council and it could allow foreign investors to take a major-
companies taking a minimum equity stake yet providing invaluable local expertise have
ity stake in certain businesses set up outside the UAE Free Zones.
Special points:
Gulf Cooperation Council
GCC The Unified Eco-
GCC Secretariat Publications Library
Inside this issue:
proved to be extremely fruitful and reward-
A foreign company wanting to do business
Ownership
2
Business Categories
3
Commercial Agents
5
Imports & Exports
6
Barr Trade Services
7
The hydrocarbon industry is owned and controlled by the respective emirates while electricity, gas, and water utilities are also state
in the UAE can choose to set up operations as a branch, representative office or registered company within one or more of the