Forming a Gcc Company in Dubai, UAE
On June 7, 1981, the states of the Gulf Cooperation Council (the UAE, Saudi Arabia, Sultanate of Oman, Qatar, Kuwait and Bahrain) signed the United Economic Agreement in Riyadh. This agreement has specified key points on forming a GCC company in Dubai, other parts of the UAE and other states under the GCC.
Essential features of Establishment by GCC National:
- GCC Nationals can register their company either as a sole establishment or as a civil or as an LLC.
- A GCC wishes to setup a business having a non GCC National as a shareholder then the UAE National Partner or the Agent’s requirement would become mandate depending on the type of the legal type opted.
- GCC companies fully owned by GCC Nationals can have a branch company established without having the Ministry of Economy approval.