Starting a business in the UAE: Which option is better - sole proprietorship or LLC?

Cost, operational benefits and financial liabilities that you should consider.

Last updated: March 07, 2024 | 17:58

Huda Tabrez, Living in UAE Editor

2 MIN READ

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Mainland companies are given a licene by the economic department of the Emirate.

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What are the pros and cons for each of the options?

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Sole properietorship

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Freelancers apply for a work permit, which has its own set of limitations. Read more here: gulfnews.com/1.1619076730746

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Minimum share capital refers to the initial investment that shareholders need to put in to set up a company.

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While there is no restriction on the number of visas that can be obtained, the visa quota for your company may depend on other factors, like the size of your company and office space.

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