Company Formation in UAE – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN UAE

The UAE is a confederation of seven Emirates comprising of Abu Dhabi, Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain and Fujairah. The Emirates have jurisdiction over matters not assigned to the Federal Government, noting that federal laws supersede any local laws. The UAE juridical system varies significantly across the different Emirates and some of the Free Zones have their own court system. Free Zones are part of the UAE territory but are considered to be outside the Customs territory. They are subject to Customs controls in addtion to normal Customs procedures, and are under the General Courts (i.e. Dubai Court).

  • Access to a diversified economy

  • The UAE is located at the centre of some of the world’s most important trade and commerce routes

  • By establishing your business operations in the United Arab Emirates, you will have access to the markets of Asia, Africa, Southern and Eastern Europe and the Middle East

  • The UAE’s government offers attractive tax incentives to businesses doing business in the country. There are currently no foreign exchange controls, trade barriers and no personal or corporate taxes, which can help, take a significant financial and administrative burden off international businesses.

  • The country has the necessary facilities to accommodate international trade, with state-of-the-art air and maritime ports, making doing business in the UAE an attractive endeavor.

(Note: You can establish your presence in the UAE mainland, or in one of the many UAE free zones. Additionally, foreign investors may also enter into a joint venture with a local business or do business in the UAE Mainland via an authorized distributor/ agent.)

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • FZE – 1 shareholder; FZC – 2 to 10 shareholder.
  • There are no mandatory requirements for a paid up capital. However, the capital mentioned in the Articles of Association will be AED 150,000; In case, the company will be in the Mainland, the share capital will be AED 100,000.
  • Virtual office/ office space is Compulsory.
  • Minimum 1 and any person can become the director/ manager.
  • The Director/ Representative of the company need to visit UAE for the bank account opening process and security approval.

DOCUMENTS REQUIRED

Individual Shareholder:

  • Application forms duly signed by the authorized signatory.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.
  • One color photograph for each UBO/ Shareholder/ Director/ Partner/ Manager.

Corporate Shareholder:

  • Applications forms duly signed by the authorized signatory.
  • Certificate of Incorporation of the corporate shareholder (mother company).
  • Memorandum & Articles of Association of the mother company.
  • Board Resolution detailing the formation of the branch or the subsidiary nominating an authorized manager.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.
  • One color photograph for each UBO/ Shareholder/ Director/ Partner/ Manager.

OUR SERVICES

Incorporation Services:

  • Trade License.
  • Certificate of Incorporation.
  • Share Certificate.
  • Memorandum of Association.
  • Articles of Association.
  • Office Rental Agreement.
  • Assistance in the Corporate Bank Account Opening Process.

Other Maintenance & Compliance Services:

  • Renewal of the Business Trade License.

TIME PERIOD

There is no specific time period for company formation in UAE owing to the different kind of business entities whose time period varies. Immigration Services including Establishment Card and Visa related timelines may vary according to nationality and individual immigration file on record with authorities. Nonetheless, having received all the documents as requested in order, the incorporation documents can be obtained within 24 hour time (after security clearance).
Quick Contact

Get in Touch








    Contact for any Kind of Information


    022 67079444