Overview of UAE Mainland Company Registration Guidelines for GCC Nationals
The United Economic Agreement was signed in Riyadh on June 7, 1981, by the members of the Gulf Cooperation Council (the UAE, Saudi Arabia, the Sultanate of Oman, Qatar, Kuwait, and Bahrain). In this agreement, key points are outlined for forming a GCC company in Dubai, other parts of the UAE, and other states of the Gulf Cooperation Council.
- A GCC national can register as either a sole proprietor or as a partnership firm (provided that all partners are GCC citizens). Nationals of the GCC can own 100% of commercial and professional companies.
- A GCC national who intends to establish a business and involves a non-GCC national as a partner can only do so as a limited liability company, and the UAE national shareholder must own 51% of the shares.
- Branches of GCC-owned companies on the UAE mainland are allowed if all of the shareholders are from the GCC. These companies do not need to be referred to the Ministry of Economy.