Company Formation in Dubai
The Emirate of Dubai is one of the seven emirates of the United Arab Emirates (UAE). Its capital city, also named Dubai, is the largest and most populous city in the UAE. Emirate of Dubai, one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country’s legislature.
The population currently stands at 1.5 million however 82% of the population are foreigners. Arabic is the official language; however English is the business language.
Dubai is an undisputed business hub of the Middle East.
Dubai offshore companies enjoy all the advantages of other international offshore companies having the added benefit of Dubai’s reputation for business transparency. The concept is similar with the classic offshore companies – a Dubai Offshore Company is not allowed to carry out business within the UAE or the Free Trade Zones – but it has the advantage of Dubai’s business center image.
A Dubai Offshore Company is not considered a tax haven company, however it has the same advantages as one them.
Companies incorporated in UAE Dubai are not subject to any tax.
Advantages of company incorporation in Dubai:
Summary of Dubai Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited by shares Company |
| Corporate Legislation | Incorporated under the Company Regulations 2003 |
| Taxation | Corporation Tax – 0% Tax on Dividends – 0% No withholding tax on interest, dividends and royalty, no capital gains tax |
| Currency | Standard Currency AED |
| Paid up capital requirement | No paid up capital required |
| Time zone | GMT+4 |
| Directors | |
| Minimum no. required | 2 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Yes |
| Local Secretary required | No |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | AED |
| Standard Authorized Capital | 1,000 AED |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation). Yes , filed at the Registered Office but not filed at any Government Office |
| Requirement for audit | Yes (can be completed by Consil Formation). An Auditor must be appointed who will examine and report on the Accounts however the Audit is not required to be filed with any Government Authority. |
| Accounts public accessible | No |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | No, apostille is not available, documents can be certified and consular legalization is possible |
| Owners | Individuals or Corporate |
Register your UAE Dubai Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;