TYPE OF COMPANY | International Company (IC) | |
Registered office in UAE | Must be located within the Jebel Ali free economic zone. It can be rented from a secretarial company. | |
Registered Agent | Not required | |
Company Registration Period | 2 - 3 weeks | |
Shelf companies | No | |
TAXES | ||
Taxation | Completely exempt from tax | |
Double Taxation Treaty Access | No | |
Automatic Information Exchange Agreement | No | |
SHARES and SHARE CAPITAL | ||
Currency | AED | |
Minimum Paid-Up Capital | No fixed requirement | |
The maximum authorized capital | No restrictions | |
Standard authorized capital | 100,000.00 AED (there are no capital payment requirements) | |
Bearer shares | No | |
SHAREHOLDERS and BENEFICIARIES | ||
Shareholders | Natural or legal persons (no residency requirement) | |
The minimum number of shareholders | One | |
Provision of Fiduciary Services | Not allowed | |
Publicly available data on shareholders | No | |
Disclosure of beneficiaries with any third party | No | |
Requirement for Meetings of Shareholders | Yes | |
Place of holding of Meetings of Shareholders | Worldwide | |
DIRECTORS | ||
Directors | Natural persons (no residence requirement) | |
Minimum number of directors | Two | |
Provision of Fiduciary Services | Not allowed | |
Publication of information about the directors in the State Register | No | |
Place of holding of Board of Directors Meetings | Not required | |
SECRETARY | ||
Secretary | Yes, a director can be a secretary as well | |
Publication of information about secretary in the State Register | Yes | |
Provision of Fiduciary Services | Yes | |
KEEPING OF RECORDS | ||
Record keeping | Required | |
Audit | Yes | |
Filing reports | No | |
Currency control | No | |
ACTIVITIES | ||
Business in UAE | Yes. However, the general rule requires that a free zone company should operate within its free zone only | |
Buying a property in UAE | Possible (but depends on developer) |