Establishment by GCC citizen

Important points are as follows

• GCC national can register company as sole establishment or as partnership firm subject to all partners are GCC national
• If GCC national wants to register a company in UAE mainland and wants to have non GCC national as a partner , then it is mandatory to have make it LLC and UAE national share holder to own 51% of the shares. However GCC nationals can have non GCC business partners without the involvement of UAE national in Dubai for any project worth a minimum of AED 10 million and entirely based on non GCC knowledge and finance. This move by Dubai DED is also in line with adding value to emirates economy and to empower more skilled workers employment. However such companies can’t be registered without concrete business plan approved by Dubai DED committee.
• GCC companies wholly owned by GCC share holders are allowed to open branches in UAE mainland and as per the recent circular such companies does not need to be referred to Ministry of economy.