+971 52 673 9777 or +971 56 190 5995

Sole Proprietorship Company

Sole Proprietorship Company

The sole proprietorship is an establishment owned by a sole proprietor to operate an economic activity (commercial, professional, industrial, agricultural or real estate). If the investor wants a firm managed and controlled by him, where he is not willing to share profit or risks with other, then we are the best solution provider for UAE nationals and nationals of GCC members only with a mandatory appointment of UAE national as service agent who will only get service charge for obtaining licenses and Labor cards etc. Appointment contract of Local Services Agent duly authenticated by the Notary Public in the Emirate for professional licenses of non GCC nationals.

The approval for the Sole Proprietorship Company formation in Dubai is done in two stages under regulatory of selecting and approval of trade names at Dubai Department of Economic Development (DED).

Its Features are

  • Easy formation and closure
  • Unlimited Liability
  • Sole risk Bearer and profit recipient
  • Lack of business continuity
  • Absolute control
  • No Separate entity

Merits

  • Easy formation and closure
  • Unlimited Liability
  • Sole risk Bearer and profit recipient
  • Lack of business continuity
  • Absolute control
  • No Separate entity

Limitations

  • Unlimited Liability
  • Limited Resources
  • Limited life of business concern
  • Limited managerial skills
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