Can my spouse be a partner on my business licence?
Signed by: Sarah Al Qasimi (Lead Editor). Fact-checked by the full editorial team.
Related Questions
Should I set up a mainland or free zone company in Dubai?
Mainland allows you to trade freely anywhere in the UAE and with government entities; 100% foreign ownership is now allowed in most activities since 2021 reforms. Free zones offer simplified setup, tax incentives, and 0% corporate tax on qualifying income, but restrict UAE market trading. Choose mainland for UAE client-facing businesses; free zone for export, consulting, or tech.
What is the UBO declaration and is it mandatory?
Ultimate Beneficial Owner (UBO) declaration identifies all individuals owning 25%+ of a company or exercising significant control. Mandatory for all UAE-licensed entities under Cabinet Resolution 58 of 2020. Must be submitted to your licensing authority within 60 days of incorporation and updated within 15 days of any change. Non-compliance fines start at AED 50,000.