Sole Proprietorship/Establishment
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15+ Years Of Experience
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10+ Dedicated Team
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1000+ Happy Customer
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1000+ Companies Formed (in UAE and worldwide)
Sole Proprietorship/Establishment
A sole proprietorship is a professional business entity whereby an individual trades for his own account pursuant to a trade license issued in his own name. Foreigners may form sole proprietorship subject to fulfillment of conditions and for certain activities. This kind of license is issued to certain services like medical practitioners, engineers and lawyers. A sole proprietor can appoint one manager as per the Department of Economic Development (DED) business regulations. A corporate body cannot own a sole proprietorship.
Benefits of Sole Proprietorship/Establishment
- 100 & % foreign ownership in the business,
- Can practice anywhere in UAE, including Free Zones,
- No restrictions on the location of the business where company can rent/buy office,
- Wide range of business activities
Documents required for Initial Approval:
- Trade Name
- Shareholder/Manager color passport, UAE residence visa and emirates id copies
- No-objection letter from the current sponsor for Shareholder/Manager
- Approval issued by other Government authorities according to the type of activity.
Documents required after getting the Initial Approval:
- Initial Approval & Trade Name
- All documents submitted before in order to get the Initial Approval
- Ejari
The following are the steps involved in the formation of a Sole Proprietorship Firm
- Selection of company name
- Approval of company name and activity from licensing department of the economic department
- Approval from third party department (if applicable)
- Registration of office space of company
- Issuance of license from economic department
- Immigration & labor registration
Sole Proprietorship Setup Cost
Call us now on +971 50 8992852 or drop an email to sagar.mehta@gbsei.com to know about Sole Proprietorship set up.
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in Dubai. Our company acts as a one stop solution for Sole Proprietorship incorporation services.
If you are looking for Sole Proprietorship setup, please get in touch with us for professional assistance.
Why Choose GBS for Company Formation Services in UAE?
Understanding Clients’ Needs
As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers
Years of Expertise
Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.
Work Track Record
As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.
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Client words
Hear what our satisfied clients have to say about their successful journeys with us.
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1000+
Companies formed
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100%
client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
