When setting up a business in the UAE, understanding and navigating the legal landscape is crucial for success, especially for newcomers to the region. This is where Legal Advisory services prove invaluable, providing expert guidance through the maze of regulations and compliance requirements.
The UAE’s focus on attracting foreign investment creates a high demand for legal services, particularly in areas like company formation, mergers and acquisitions, and regulatory compliance. Despite potential shifts in investment trends, the UAE’s strategic initiatives and diverse opportunities continue to drive the need for legal advices and expertise.
The legal system in the UAE is dynamic, with ongoing reforms and new regulations. Legal professionals play a vital role in helping individuals and businesses understand and comply with these changes, reducing legal risks and ensuring smooth operations. From drafting contracts to resolving disputes, legal counsel offers essential support throughout the entrepreneurial journey.
| Note: When you establish a business with SPC Free Zone and choose activities under codes 6910.01 and 6910.02, you qualify for an Instant License. This first-of-its-kind program gets your business license in your hands the same day you submit your application, eliminating the typical waiting period. Plus, with our flexible pay-as-you-go model, you only pay for the resources you use. This allows you to start small and scale your business operations up or down as your needs evolve. |
Here are the business activities that you can select under your license when you start your legal firm in the UAE:
6910.01 – General counselling and advising, preparation of legal documents
General counselling and advising, along with the preparation of legal documents, encompasses a wide range of advisory services provided by legal professionals to individuals and businesses. This may include offering guidance on legal matters, answering questions, providing recommendations, and advising on courses of action to address various legal issues.
Preparation of legal documents involves creating, drafting, and reviewing legal documents tailored to specific needs and requirements. These documents could include contracts, agreements, and other written instruments necessary for conducting business or personal affairs. Examples may include contracts for services, rental agreements, purchase agreements, employment contracts, and more.
Articles of incorporation, partnership agreements, or similar documents in connection with company formation specifically pertain to the legal paperwork required for establishing a business entity, such as a corporation or partnership. The articles of incorporation outline the fundamental details of a corporation, including its name, purpose, structure, and governance provisions. Partnership agreements delineate the rights, responsibilities, and obligations of partners in a partnership, addressing issues such as profit sharing, decision-making, and dispute resolution.
Excluded from this class are activities directly related to law court proceedings.
Third-party Approval: No third-party approvals are required for this business activity
Filing of Economic Substance Return: Business activity 6910.01 is exempt from this requirement.
Anti-Money Laundering Compliance: Business activity 6910.01 is exempt from this requirement.
6910.02 – Legal Consultancy, Corporate Services
Legal Consultancy, Corporate Services involves providing specialised legal advice and support tailored for corporate clients.
Legal Consultancy focuses on offering expert guidance on legal matters to corporations. This includes analysing complex legal issues, providing strategy advisory services, and developing solutions to manage legal risks and capitalise on opportunities. Legal consultants cover various corporate concerns, such as regulatory compliance, corporate governance, contracts, and risk management.
Corporate Services encompass a wide range of administrative and support functions to aid corporate operations and compliance. These services include company incorporation, structuring, and restructuring; advisory on corporate governance; ensuring compliance with regulations; drafting and reviewing corporate documents like bylaws, resolutions, and agreements; supporting mergers and acquisitions; conducting due diligence; and providing corporate secretarial services.
Activities directly related to law court proceedings are excluded.
Third-party Approval: No third-party approvals are required for this business activity
Filing of Economic Substance Return: Business activity 6910.02 is exempt from this requirement.
Anti-Money Laundering Compliance: Business activity 6910.02 is exempt from this requirement.
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