United Arab Emirates company registration

UNITED ARAB EMIRATES - DUBAI

(Fees quoted will subject to V.A.T. at the current rate)

It takes between 1 and three months to incorporate a company.

Specific requirements differ for each of the Emirates forming the UAE. “Shelf” or “Readymade” Companies are not available.

 

REQUIREMENTS:

  • Nominee Director £500
  • Translation costs (Documents for documents required in Arabic & English) £8.62 per page
  • Office Accommodation POA
  • Municipal Taxes 10% of Office Rent 5% of Manager’s / Staff Accommodation
  • Accounting Support re: Business Plan/Projections On Time Cost Basis

CORPORATE REQUIREMENTS

  • Minimum capital – for a specific trade licence DHS 300,000 (Approx. £51k)
  • Minimum capital – for a general trade licence DHS 3,000,000 (Approx £518k)
  • Minimum of two directors and one shareholder are required.
  • It is a requirement that the company enters into a tenancy contract for office accommodation
  • Nominee director(s) and office accommodation can be provided
  • Local accounting support can be provided to assist in the production of a business plan/projection that may be required as part of the incorporation process.

ONGOING STATUTORY REQUIREMENTS

Whilst there is a requirement to maintain accounting records in the UAE, unless the company is involved in the Banking or Insurance related business, there is no requirement to file annual audited accounts.

No taxation at a federal level. Taxes may be levied at Emirate level on businesses involved in Oil or Banking related businesses.

Fee's
Incorporation/Ready Made Company
 £1,700.00
Government Registration Fee approx. £660 – (US$ 1,000.00)
Registered agent and registered office
£1,200.00
Annual costs thereafter:
Registered agent and registered office £1,200.00 per annum
Government Annual Licence Fee approx. £660 – (US$ 1,000.00) per annum

PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.