Sole Proprietorship
Overview
SOLE PROPRIETORSHIP IN UAE
UAE has one of the most modern legislation that allows simple business setup for both small and large investors. A sole proprietorship in UAE is a legal entity owned or operated by a single individual with a trade license issued in their own name. The owner takes up all the responsibilities of the entity including the financial liabilities. Any business establishments that practice professional services and don’t extend to any commercial business are exempted from the LLC or Commercial Companies Law. But, it’s essential to be licensed by the Department of Economic Development DED. We can help you incorporate a Sole Establishment in Dubai or anywhere in the United Arab Emirates.
HOW TO SET UP SOLE PROPRIETORSHIP
Usually, sole proprietorship in Dubai can be set up by both foreign and local citizens in the Emirate. Establishing a sole proprietorship in Dubai requires a UAE national. Foreign entrepreneurs who wish to open sole establishments in Dubai will require a local sponsor. In such a case, the sponsor can be a Dubai Company or a national.
Businesses that are owned by foreign nationals appoint a local service agent to help in obtaining licenses, visas, etc. In most of cases, the local service agent has no direct involvement in the business. Beijing Green is also capable of acting as local service agent.
Web Design and Development
Photocopying and Typing
Medical Services
Artisanship
Carpentry
Saloons
Printing and Publishing
Cleaning Service
Consultancy
Car Rental
Garage
Repair
WHAT BUSINESS I CAN DO UNDER SOLE
PROPRIETORSHIP COMPANY?
If the ownership is owned by one individual, the company is designated as a sole proprietorship. Here are some services that require a Professional License for functioning in Dubai.
