Dear Mr. Hamza
There are two main forms of company in Dubai as follows:
1- Limited Liability Company, for which you -as a foreigner- need to have a local partner acquiring 51% of the share capital
2- Free Zone form which includes:
A: Free Zone Company, in which you can be the sole share holder or you may have some other partners. You don't have to get a local partner.
B: Offshore company; many investors take offshore Dubai-as in some other jurisdictions like BVI, Seashell and others - as a tax haven. You may incorporate a company in less than one week and you'll get a registered agent and a corporate bank account. No company premises and no visas shall be issued.
If you really intend to do business in Dubai, the first choice will be the best for you. You need to deposit a capital of AED 300,000 at any bank within the emirate of Dubai, and get an office lease. Your partner may be from any of the GCC states and not necessarily a UAE national. The share capital may be withdrawn within less than a couple of days after the bank has issued you a letter to the DED (Department of Economic Development), the governmental organizing body of business practice in Dubai
Free Zone Company might be a good choice however it prevents you from practice in Dubai. Offshore company allows you to do business only outside the UAE.
I hope this answers some of your questions in this regard.
for more details you may reach me at this email:
[email protected]Best
Samau'al