TYPE OF COMPANY | International Company (IC) | |
Registered office in UAE | The registered agent’s address is the company’s address | |
Registered Agent | Required | |
Time to establish a new company | 2 - 3 working days | |
Shelf companies | No | |
TAXES | ||
Taxation | Fully exempt from income tax | |
Double Taxation Treaty Access | No | |
Access to the agreement of automatic exchange of information | No | |
SHARES and SHARE CAPITAL | ||
Currency | AED, USD, EUR | |
The minimum declared share capital | USD 5,000 | |
The maximum authorized capital | No restrictions | |
Standard authorized capital | USD 5,000 | |
Bearer shares | No | |
SHAREHOLDERS | ||
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 shareholders to third parties | No | |
Place of holding of Meetings of Shareholders | Worldwide | |
DIRECTORS | ||
Directors | Natural persons of any nationality | |
Minimum number of directors | One | |
Provision of Fiduciary Services | Not allowed | |
Publication of information about the directors in the State Register | No | |
Meetings in UAE | Not required | |
SECRETARY | ||
Secretary | Yes, a director can be a secretary as well | |
Publication of information about secretary in the State Register | No | |
Provision of Fiduciary Services | Not allowed | |
KEEPING OF RECORDS | ||
Record keeping | No | |
Audit | No | |
Filing reports | No | |
Currency control | No | |
ACTIVITIES | ||
Business in UAE | No (but it is allowed to have a bank account in UAE and use UAE based auditors and law firms) | |
Buying a property in UAE | No |