Absolutely yes, if you want to expatriate, you can start a company in the UAE without a residence visa but you will need someone to run your company and conduct business activities. UAE has emerged as a global hub for entrepreneurship and it is a good destination for your business creation even without residence visa. We are here to guide you in this journey. Follow the steps mentioned below:
Free zone companies:
UAE’s government has created a significant business environment, especially for expats. As we know there are many free zone companies in the UAE and these companies allow expats to establish their businesses without the need of a residence visa because there are certain free zone companies that do not need a residence visa for business creation in the UAE.
Free zone companies provide 100% ownership, you do not need a local sponsor and you can operate your business without having a residence visa. Make sure free zone companies have their own rules based on the type of company. On the other hand in the case of Mainland Company, you must have a residence visa.
Offshore company:
However, the UAE is known for its business-friendly environment which is the reason entrepreneurs choose to set up offshore companies in free zones to get benefits. Furthermore, you can launch your offshore company in the UAE without obtaining a residency visa.
Additionally, it is also crucial to select a business activity submit the necessary documentation, and open a bank account for your offshore company. So if you or your shareholders desire to live in the UAE, you can explore visa options.
Limited Liability Company:
UAE provides you with different types of companies one of them is a limited liability company, each company has its own rules and requirements so it is important for you to know which one is right for you.
Furthermore, in a limited liability company, you can get a minimum of 2 and a maximum of 50 shareholders but it is also necessary to have a local sponsor who will get 51% company ownership, whereas in the case of an expatriate, will own 49% without requiring a residency visa.
Trade license Zone:
As we mentioned above you can start your company in the UAE without having a residence visa but it is mandatory to have a trade license. There are different types of licenses such as industrial licenses, professional licenses, commercial licenses, etc. It depends on you to apply for the relevant license and get its approval from the Department of Economic Development.
How to open a company in the UAE without a residence visa:
UAE allows you to open a company and grow your career without holding a residency visa, so there are certain key steps to establish your company in the UAE, follow the given steps:
• First of all, you need to select the right legal business structure such as free-zone establishments or free-zone companies for business creation.
• Opening a company in UAE also requires legal documentation including your passport copies, company name, no objection certificate, and trade license.
• Along with your documentation submit your application form, your bank account and lease agreement are also compulsory. If later on you plan to reside in the UAE, We can guide you through the visa process.
Check our website to get more details about opening a company without a residence visa, and business creation with different packages.
We are here to help people expatriate and find a wide range of opportunities. Don’t hesitate to contact us for any queries.