The sole ownership license is issued to UAE nationals and/or GCC nationals or a corporate body owned by UAE or GCC nationals. Such license can be a limited liability or unlimited liability. In case of LLC all aspects of the UAE commercial companies’ law will be applicable to this entity. Such license may not be suitable for a foreign or expat shareholder.
As certain license activities are restricted for UAE nationals the foreign shareholder or investor would have to choose this type of license and have an internal arrangement with the UAE national partner.
Enterprise House can assist in procuring such license and processing the documentation at the government departments. We can also assist in finding a suitable UAE national partner.