Your business experts in the UAE
The De Micco & Friends Dubai team offers all business services of an international full-service consulting firm. Our multilingual team (Arabian, English, German, Spanish, French, Italian, Russian) includes international experts as well as local lawyers and consultants, with highest reputation and experiences in local and international business, tax and law.
Services of our consultants in Dubai and Abu Dhabi
- Company - and business set up, company foundation
- Global Residency for non-EU-citizens (Golden Visa Europe, USA...)
- Real Estate Law, all types of transactions (buy, sell, rent, lease)
- Representation of investors in Dubai and all UAE (Real Estate, Merger & Acquisitions, Capital Markets)
- Representation of UAE investors in Europe
- Civil law, Family Law, Crime Law
- Company law
- International tax law for companies and individuals...
Please contact us here for any further question.
Doing Business in the UAE
The UAE economy is thriving and opportunities to do business in the country are many. The UAE’s currency, the dirham, which is pegged to the US dollar, is secure and freely convertible; there are no restrictions on profit transfer or capital repatriation; import duties are low (less than 4 per cent for virtually all goods and zero for items imported for use in free zones); labour costs are competitive; federal corporate tax and personal taxes are nil and numerous double taxation agreements and bilateral investment treaties are in place. In addition, the financial risk is minimal. These factors, combined with a strategic, accessible location for major regional markets, an excellent reliable infrastructure and an extremely pleasant, stable and safe working environment are key elements in attracting foreign investment.
The UAE is a contracting party to the General Agreement on Tariffs and Trade (GATT) since 1994 and a member of the World Trade Organization (WTO) since 1996. It is also a member of the Greater Arab Free-Trade Area (GAFTA) in which all Gulf Cooperation Council (GCC) states participate. The UAE concluded Free Trade Agreements with Singapore and the AFTA bloc in 2008 and 2009 respectively, and is now cooperating with the GCC's negotiating team to conclude Free Trade Agreements with the EU, Japan, China, India, Pakistan, Turkey, Australia, Korea and the Mercosur bloc comprising Brazil, Argentina, Uruguay and Paraguay.
Business Setup in the UAE
Under newest UAE law, foreign entities interested in establishing a formal presence in the UAE have five options: create a permanent establishment, of which there are several different types; establish a branch office; create an entity in a UAE free zone; create a civil company (only in Sharjah and Dubai); or enter into a commercial agency agreement.
The UAE Commercial Companies Law (CCL) requires that each company established in the UAE has one or more UAE national partners who hold at least 51 per cent of the company's capital. Companies that undertake certain activities (oil industry, production of electricity and gas, treatment and distribution of water) are exempt from the 51 per cent requirement.
Companies established in free zones are also exempt from the 51 per cent requirement, if the relevant free zone has special provisions regulating the company. Foreign banks are exempt from having to appoint a sponsor.
Please use the contact form to contact our team in Dubai.