The establishment is a facility owned by one person only, (sole proprietorship) licensed for practicing an economic activity (commercial, professional, agricultural or occupational). The financial liability of the establishment lies with the owner, who bears all the financial obligations of the establishment. In case that the owner of the establishment is a non-citizen, there must be a UAE citizen who acts as a service agent for the establishment.
Licensed business activities must have one of the following legal forms:
- Sole Proprietorship (Owned by a UAE citizen).
- Sole Proprietorship (Owned by a GCC citizen).
- Sole Proprietorship (Owned by a foreign investor).
- Sole Proprietorship (Mubdia’h Program).
By appointing a National Service agent like Plus UAE, the owner of the company can focus on his business with 100% satisfaction. The investor will get full authority on Company through legal documentation. All type of legal entity set up with Plus UAE maintain a trustworthy and reliable local sponsor relationship.