Welcome to the Sole Establishment Section at South Bridge Legal
Sole Establishment: Embracing Entrepreneurship with Independence and Accountability
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Considering a business setup in the UAE? Opt for Ajman Free Zone. South Bridge Legal specializes in comprehensive business consultancy to guide you through the setup process in this vibrant free zone.
Ajman Offshore is an offshore company formation service located in the emirate of Ajman, one of the thriving business destinations in the United Arab Emirates (UAE). Ajman Offshore offers a comprehensive range of advantages and benefits that make it an ideal choice for entrepreneurs and businesses seeking to maximize their global potential.
Ajman Offshore is an offshore company formation service located in the emirate of Ajman, one of the thriving business destinations in the United Arab Emirates (UAE). Ajman Offshore offers a comprehensive range of advantages and benefits that make it an ideal choice for entrepreneurs and businesses seeking to maximize their global potential.
In the UAE, sole proprietorships can be formed by UAE nationals, Gulf Cooperation Council (GCC) nationals, and foreign nationals, but the conditions and requirements vary based on the individual's nationality.
They can form any type of sole establishment, including industrial, commercial, tourism, or professional activities. They can also establish consultancies across a range of activities under their professional license.
They can only apply for a professional license for their sole proprietorship. All professional activities are eligible for a sole establishment, and they can engage in consultancy activities.
However, certain consultancy activities can only be practiced by UAE nationals. As a foreign national, it is mandatory to have a Local Service Agent (LSA) to register the sole establishment in the UAE.
It's important for foreign nationals to be aware of the limitations and requirements associated with setting up a sole proprietorship in the UAE as compared to UAE and GCC nationals. Having a Local Service Agent helps foreign nationals meet the local requirements for establishing and operating their sole establishments in the country.
Before initiating the registration process for a sole proprietorship in the UAE, ensure that you meet the following requirements, as per the UAE law for sole establishments. These documents and information will be necessary during the trade license application process:
With South Bridge Legal's expert guidance, you can confidently establish your Sole Establishment in the UAE. Embrace entrepreneurship with independence and accountability, as you take charge of your business journey. Start now and make your entrepreneurial dreams a reality.
A Sole Establishment, also known as a sole proprietorship, is a business structure where the trade license is issued in the name of one individual. The sole owner has full ownership and control of the business but is personally liable for all business activities and debts.
Sole Establishments can be formed by UAE nationals, GCC nationals, and foreign nationals. However, the conditions and allowed activities differ based on the individual's nationality. UAE and GCC nationals have broader activity options compared to foreign nationals.
Key features include single ownership, 100% ownership and control, full profit retention, personal liability for debts, low startup costs, quick registration process, and no minimum capital requirement.
You'll need copies of your passport and UAE residence visa, trade name options, details of your intended business activity, office type, and a copy of your local service agent's Emirates ID if you're a foreign national.
South Bridge Legal specializes in guiding entrepreneurs through the process of setting up a Sole Establishment in the UAE. With our expert guidance, you can confidently navigate the process and turn your entrepreneurial dreams into reality.