REQUIREMENT TO OPEN COMPANY

Basic Requirements
Documents Required

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 Dubai for the bank account opening process and security approval.

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.

TIME PERIOD

There is no specific time period for company formation in Dubai 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).

ADVANTAGES OF COMPANY FORMATION IN DUBAI