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UAE
F.A.Q.
Frequently Asked Questions.
How do I set up a business in UAE?
Accord Consulting FZC will provide free consultation and complete guidance for company incorporation in any Emirate.
What kind of business should I start in UAE?
Based on your core strength and with Accord Consulting FZC’s market experience we will do the necessary feasibility study and lead your business towards success.
How can I start a Free Zone business in UAE?
There is a list of Free Zones in UAE. As per the client’s interest and requirement Accord Consulting FZC completes the incorporation processes.
What is the difference between Free Zone and LLC?
The major difference between a limited liability company and a Free Zone company is that a Free Zone company cannot conduct business in a non-Free Zone area without a local distributor or agent, whereas a mainland company can.
Can a Free Zone company do business in Dubai?
Yes, but only within the Free Zone.
Can I start a small business in UAE?
Accord Consulting FZC supports its clients regardless of the size of the business.
Can a Free Zone company do business in UAE?
Free Zone companies can do business only within the range of Free Zones.
Do you really need a sponsor to start a business?
For any mainland companies, the local national sponsor or a local national partner is a mandatory requirement. Accord Consulting FZC provides Corporate Local Sponsorship on an annual agreement basis.
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How many legal forms of business ownership?
The main legal forms of the UAE are as follows:
- Sole proprietorship
- Civil Company
- Limited Liability Company (LLC)
- Partnership
- Private Shareholding Company
- Public Shareholding Company
- Branch of Foreign Companies/Representative Offices
- Branch of GCC companies
- Branch of Free Zone companies
- Branch of UAE-based companies
How much does it cost to start a business in UAE?
The cost of the business is based on the activity and the type of legal form chosen, but in most cases, the cost starts from $5,000+.
How do I get adnoc approval?
Major Requirements by ADNOC/CICPA for Registration:
- Mainland Licence of Abu Dhabi.
- SPC (Supreme Petroleum Council) approved Abu Dhabi national. Accord Consulting FZC provides SPC-approved Corporate Local Sponsorship with an annual fixed payment.
- Trading activity can be done only with an LLC company, where 51% of the share will be a local national/company & 49% can belong to the company or a foreigner.