✅ Types of Business Structures
- Sole Proprietorship
- Owned by a single individual
- Simple setup, full control, unlimited liability
- Partnership
- Two or more partners share ownership
- Profits & liabilities are shared
- Limited Liability Company (LLC)
- Popular in UAE and worldwide
- Owners’ liability limited to their investment
- Suitable for small to medium-sized businesses
- Free Zone Company (FZC/FZE)
- 100% foreign ownership allowed
- Tax benefits, easy repatriation of profits
- Limited to operations within the free zone or with license for local markets
- Branch / Representative Office
- Extension of an existing foreign company
- Cannot operate independently for local sales in some countries
🌐 Steps for Setting Up a Business
Define Your Business Activity
- Choose the type of business (Trading, Service, Industrial, etc.)
- Select suitable business activity under the legal framework of the country/free zone
Choose Legal Structure
- Decide on Sole Proprietorship, LLC, FZC, or Branch
- Depends on ownership, liability, and operational scope
Trade Name Registration
- Check availability of your business name
- Register with government authority or free zone authority
Obtain Licenses & Approvals
- Commercial License – for trading businesses
- Professional License – for services/professionals
- Industrial License – for manufacturing activities
- Some activities may require special approvals from ministries
Office Space & Lease Agreement
- Most jurisdictions require a physical office
- Free zones often offer flexible desk/office solutions
Bank Account & Capital Deposit
- Open a corporate bank account
- Deposit minimum capital (if required by law)
Visa & Employee Sponsorship
- Apply for business owner visa
- Sponsor employee visas as per business license type
🌍 Why Choose Al Safeer Travel & Tourism / Consultancy?
✔️ Guidance on all business structures and legal requirements
✔️ End-to-end document processing
✔️ Assistance with trade license, visas, and bank accounts
✔️ Reliable support for free zone & mainland setups