Legal forms
Any activity carried out in the UAE, as well as business projects of any nature, shall be licensed. The licensing procedure is regulated by the federal Government and the authorities of the emirates, therefore the requirements and regulations differ in every emirate. The newly formed companies require registration with the Ministry of Economic Affairs or the Departments of Economic Affairs or the local Trade Chambers and Free Trade Zones subject to the legal form
The fundamental federal legislative base ensuring control over business activity in the United Arab Emirates is the Commercial Agency Law and the Commercial Code that can be downloaded from the official web-site of the Ministry of Economic Affairs of the United Arab Emirates (www.economy.ae).
The Business Company Act of the United Arab Emirates provides for the following legal forms:
- state
- owned joint
- private joint
- stock companies