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COMPANY FORMATION IN DUBAI

REQUIREMENT TO OPEN COMPANY

  • 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.
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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

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).
  • Strives to improve its legal framework to promote business friendly environment.
  • The free zones in Dubai are exempted from corporate and personal tax for a period of 50 years.
  • Lenient labour laws which makes it cost-effective to recruit labour forces.
  • Liberal official rules and formalities.
  • Recognised as the fastest growing cities in the world.
  • Excellent physical infrastructure.
business set up in uae

We, at ‘ACE Tax Consultants’, are engaged in rendering efficient Business setup and Consultancy Services viz. Company formation, Financial and Accounting Services, Management Consulting, VAT Advisory, Outsourcing Services, Project Financing, Payroll Process Outsourcing and taxation to our esteemed clients.

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