The most common legal forms of business are: Mainland company (Limited Liability Company), Free Zone Company and Offshore Company (International Business Company). 

Yes, foreigners have three main entities to choose from in order to establish a business in the UAE: a local limited liability company (LLC), a Free Zone entity (FZE or FZCO), and an international business company (IBC). 

Share capital requirements largely depend upon the type of the company, Free Zone authority, and the type of business. However, as a general rule, the paid-up capital amount ranges between AED 50,000 to AED 300,000.

Minimum capital is not required for the incorporation of an offshore company.

A company can be formed remotely, however, in order to obtain the Emirates ID and become a resident of the UAE you need to visit the country.

In most cases the visit is necessary for a bank account opening for your entity.  

The UAE grants tax exemption for Free Zone companies and offshore or international business companies. 

In the UAE, Free Zones are special territories in which foreign investors can enjoy 100% ownership of companies. These zones are characterised by their highly efficient infrastructure and corporate benefits such as favourable tax, customs and imports regime.

A FZE (Free Zone Enterprise) is a single shareholder / sole proprietorship company. 

A FZCO (Free Zone Company) is a multiple shareholder or a partnership firm where there is more than one shareholder in the company. 

In both types of company, the shareholder can be an individual or a legal entity.