Business Consulting

PROARC Multimedia, parent of goUAE.biz UAE Business Portal is based in Dubai Media City and will provide full IT support. Our areas of expertise include e-solutions, apart of consulting, designing, managing, executing IT projects.

PROARC Multimedia/Associates Clients List include Corporate Companies, Government and Private Establishments, Individuals, Federations, Foundations and Non-profit Organisations worldwide.

Kindly visit our web presentation at www.pc-uae.com and e-solution presentation at www.e-smart.biz for more information.


Business Requirements

The Federal Commercial Companies Law No. 8, enacted in 1984 and fully enforced in 1993, regulates business in the UAE. UAE national equity of 51% is required for nationally incorporated companies and 100% for public or private shareholding companies.

A local sponsor or service agent along with a trade license is required for individuals or foreign companies to conduct business in the UAE.

Foreign companies also are required to register with the local Chamber of Commerce and Industry, the Economic Development Department and with the Ministry of Finance.

Different kinds of businesses require approval from different authorities.

Area of Activities / Responsible UAE Authority
Banking - Finance / Central Bank of the UAE
Insurance / Ministry of Economy
Manufacturing / Ministry of Finance
Medicine - Clinics / Ministry of Health
Shipping - Marine / Seaport Authority
Private Schools / Ministry of Education & Youth
Media / Ministry of Information


Business Procedures

Once the Trade License has been issued, the bank can release the money to the company directors and business can commence. But a number of restrictions to the scope of operations still apply - such as annual renewal of the license and that the LLC can function only within the particular emirate where the license is granted.

Separate license must be obtained to open a branch in other emirates. More details of the Company Law can be obtained from the Ministry of Economy & Commerce.

In addition to our brief essential information about opening business in the UAE, visit Dubai Portal at www.dubai.ae for complete information.