UAE


United Arab Emirates – DWC Free Zone Companies

 

The Free Zones are designed to encourage foreign investment with easier start-up processes as well as lower overhead cost. Each free zone has its own authority and its own rules, which are applicable to investors looking to set up firm in those zones.

Dubai World Central (DWC) Free Zone is defined as a particular selected area within the United Arab Emirates (UAE) where you are able to establish specific entities once they meet specific regulations. Dubai World Central (DWC) is a top-notch city that revolves around Al Maktoum International Airport, governed by the Dubai Aviation City Corporation entity, which is a government authority of Dubai. Establishing a business within the DWC carries a variety of benefits like trading outside the UAE, the company is not a subject to taxes in the UEA, stable environment, etc.

The official language is Arabic and the currency is UAE dirham (AED).


Company Incorporation and local Requirements

Status

Limited Liability

Minimum share capital

AED 10.000 – 1.000.000 depending from zone to zone

Bearer shares allowed

No

Minimum number of shareholders

1

Government register of shareholders

Yes

Local directors

Yes

Minimum number of directors

1-2 depending from zone to zone

Government register of directors

Yes

Corporate directors permitted

No

Physical company secretary required

Yes

Local secretary

No

Local meetings

Yes

Registered office / agent

RA not required however tenancy agreement on physical premises/virtual office facilities is required

 

COMPANIES FEE SCHEDULE

 

Basic package

New company – 5.000 USD

 

Annual fees

Renewal fee – 3.000 USD

Annual license fee for standard authorized capital – 3.020 USD

Company Secretary (optional) – 2.000 USD

Registered office, DWC flexi desk rental for 1 year – 4.636 USD

 

Confidential package

Physical shareholder – From 5.000 USD

Corporate shareholder – From 3.000 USD

Physical director – 8.000 USD


COMPANY RELATED COSTS

Issue of a Power of Attorney – 500 USD

Legalization of a Power of Attorney (PoA) or PoA with the Dubai Court Notary Public including drafting legal Arabic translation – 300 USD per PoA

    


United Arab Emirates – Ras Al Khaimah – RAK Offshore

Ras Al Khaimah is one of seven emirates that form the UAE. The Emirate is also known as the ‘Rising Emirate’, having gained a reputation for its recent economic growth and emerging business opportunities.

RAK Offshore (formerly a part of RAK Investment Authority) is part of the RAK International Corporate Centre that is consolidation of two company registries in Ras Al Khaimah. RAK International Corporate Centre (RAKICC) is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates. Ras Al Khaimah’s business-friendly policies provide an excellent environment for business investments. The 0% tax rate on profits and dividends, fast incorporation and other advantages ensure a brisk increase in foreign investments.

The official language is Arabic and the currency is UAE dirham (AED).


Company Incorporation and local Requirements

Status

Offshore Limited Liability

Minimum Share Capital

No minimum

Bearer Shares Allowed

No

Minimum Number of Shareholders

One

Government Register of Shareholders

Yes

Corporate Directors Permitted

Yes

Local Directors

No

Minimum Number of Directors

One

Government Register of Directors

Yes

Company Secretary Required

Yes

Local Secretary

No

Local Meetings

No

Registered Office / Agent

Yes


COMPANIES FEE SCHEDULE

 

Basic package

COMPANY REGISTRATION COSTS (Formation fees including Government incorporation fees for the first year) – 4.500 EUR


Annual fees

Registered Office – 900 EUR

Registered Agent – 700 EUR

Company secretary – 300 EUR

 

Confidential package

Corporate directors (each) – 500 EUR

Physical directors (each) – 1.750 EUR

Corporate trustee shareholders (each) – 350 EUR

Physical trustee shareholders (each) – 1.250 EUR


COMPANY RELATED COSTS

Certification of Documents by Registered Agent (per document) – 350 EUR

Certification as true Copy, Notarisation and Apostille in Cyprus (per document) – 100 EUR

Certification as true Copy, Notarisation and Apostille in Cyprus (set) – 400 EUR



United Arab Emirates – Jebel Ali – Dubai

Jebel Ali is a port town 35 kilometres southwest of Dubai. Jebel Ali Free Zone (Jafza) is a free economic zone located in the Jebel Ali area at the far western end of Dubai, United Arab Emirates, near Abu Dhabi. In 1985, the JAFZA was created, an industrial area surrounding the port. International companies that relocate there enjoy the special privileges of the free zone. These include exemption from corporate tax for 50 years, no personal income tax and no import or re-export duties, no restriction on currency, and easy labour recruitment. It is the world’s largest free zone.

The official language is Arabic and the currency is UAE dirham (AED).

 

Company Incorporation and local Requirements

Status

Limited Liability

Minimum Share Capital

No minimum

Bearer Shares Allowed

No

Minimum Number of Shareholders

One

Government Register of Shareholders

Yes

Corporate Directors Permitted

No

Local Directors

No

Minimum Number of Directors

Two

Government Register of Directors

Yes

Registered Office / Agent

Yes

Local Secretary

No

Physical Company Secretary Required

Yes

Local Meetings

No

 

COMPANIES FEE SCHEDULE

 

Basic package

Total setup costs – 7.950 EUR

 

Annual fees

Annual Government Fees – 650 EUR

Registered Office / Agent – 2.000 EUR

Physical secretary – 400 EUR

 

Confidential package

Physical directors (each) – 1.750 EUR

Corporate trustee shareholders (each) – 350 EUR

Physical trustee shareholder (each) – 1.250 EUR