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Our highly qualified personnel will be there to assist you and guide you through realizing your goals during your UAE company formation process. Having any queries can only be resolved through contacting us. Feel free to do so by e-mailing us at hello@olieserve.com

UAE COMPANY FORMATION

OUR SERVICES FOR UAE COMPANY FORMATION

We offer you full guidance and assistance on incorporating a UAE Company, in either a Dubai free zone, or as an international business company (IBC) offshore in Jebel Ali Free Zone or Ras al Khaimah.

WHAT WE NEED FROM YOU:

Further to the client questionnaire, which you are required to fill in and return to us, you will also be required to send us by e-mail or post where appropriate the following information and documents in order to commence the registration process:

3 options of the Name – The preferred name must not be identical and/or similar to a name of another UAE Company. Furthermore any names deemed as offensive shall be rejected. For the IBC’s the name must not contain “Bank”, “Trust Company”” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Emirate” or “Emirates”.

Share Capital – The minimum share capital for free zone companies varies between 1,000 and 1,000,000 AED depending on the exact free zone for JAFZA offshore 10,000 AED is required. For RAK offshore there is no minimum requirement however, 1,000 AED is recommended. Please note in some cases the share capital may be required to be deposited and held by a bank until incorporation is complete.

Company’s Nature – What will be the main activities of your Company? It is worth noting that each free zone caters to a certain industry.

Owners – Names and details of the Beneficial Owners, which may be the same as the officers and/or shareholders of the Company.

Company’s structure – Who will be the director(s), shareholder(s) and secretary(ies) of the Company. Each free zone may vary on the requirements, but as a general rule a minimum of 1 director and a minimum of 1 shareholder is required, in some cases the shareholder maybe corporate.

Due Diligence documentation – As the service provider we are required to obtain the following documentation on all the persons involved in the company’s structure, incl. UBOs:

Where any of the above is a physical person

  • A clear scanned copy of your passport showing the photograph, personal details and the signature of the person in question.
  • A document (not older than 3 months) showing the correct and precise residential address of the person in question (note that a P.O.Box is not adequate).
  • A bank reference (not older than 3 months) issued in favor of the person in question.
  • In some cases a CV and or business plan may be required.

Where any of the above is a legal entity

  • A scanned copy of the Certificate of Incorporation (COI).
  • A scanned copy of the Certificate that indicates where the registered office of the entity is situated.

If any of the aforementioned documents are not in English, they must be translated, certified and apostilled in order to be accepted by the Registrar.

Why UAE company formation could be good for you?

  1. NO INCOME TAX
  2. NO VAT
  3. NO SALARY TAX
  4. NO DIVIDEND TAX
  5. HIGH CONFIDENTIALITY STANDARDS
  6. ONE OF THE TOP BUSINESS CENTERS IN THE WORLD
  7. INDEPENDENT FROM EU