International organizations in free zones do not require physical presence in the Middle east. Although, opening an account in one of the following banks is permitted (Noor Bank, Emirates NBD Bank, Mashreq Bank). By registration businesses can also enjoy the benefit of a legit address within the UAE. Also the creation of Flexi Desk, an (analogue of virtual office) with phone numbers registered within +971 zone is possible.
LLC, FZC, FZE zones are operated by opening a local office with general staff. Businesses are expected to obtain UAE licenses and meet all requirements of work legalization and visa demands for company registration in Dubai.
The advantages of registering your new business in the UAE are unlimited and fruitful. All you is a proper guidance by AMADLAW, one of the best company set up services provider in Dubai.
New organizations recommended size of share capital is 10.000 AED (no requirements concerning main contributions). Moreover, 100% of foreign capital is permitted. There are no legal laws that state you must have a local director in the structure of new company registrations in Dubai. However, issues may arise when opening an account in branches overseas. A person or legal entity may be a shareholder of an international enterprise.
Any individual over the age of 21 years may become a manager of a foreign business. This law imposes restrictions on the maximum number of directors being 7. Companies shall not execute or submit any financial statements to any authorities. Therefore, opening an account in local banks i.e., Noor Bank and Emirates NBD Bank, you will need proof of all corporate documents and original identification when applying for Dubai company registration.
Account service fees in the UAE are minimal and comprises around 5-15 USD for operation.
Prerequisites of company registration in Emirates:
Corporate records constitute a sufficiently standard set of records including Certificate of Registration and two registered Articles of Association of the Company, as well as Share Certificates of the Company. All records are made in the English language. UAE is not a party to the Hague Convention concerning the legalization of records in the form of Apostle. Thus, upon client request, copies of records could be legalized through UK BRITISH OFFICE or the Ministry of Internal Affairs of UAE.
When starting a company within the manufacturing field you will have to consider the following:
Oil and Gas
AMADLAW Contact today has been for advice about the Business registration the Dubai.