Frequently Asked Questions about UAE

How long does it take to incorporate a company in the UAE?
Registering a company in the UAE depends on the jurisdiction you want to set up in. Setting up a company in Abu Dubai and Dubai LLC will take about eight weeks; a Dubai offshore will take about three weeks; a Sharjah Airport Free Zone and a Ras Al Khaimah free trade zone will take about four weeks.

What are the problems of setting up a UAE limited liability company (LLC)?
A UAE LLC requires a minimum 51% shareholding by UAE citizens.

How difficult is it to open a corporate bank account for a UAE company?
Opening a corporate bank account with a reputable international bank is easy.

Am I required to visit UAE to incorporate a company there?
No, Healy Consultants can legally incorporate your UAE company without you needing to travel.

What is the minimum number of directors required for a UAE company?
Under statutory regulations, all jurisdictions in the UAE require a minimum of one director.

Can my company be 100% foreign-owned?
Yes, if incorporating in a Free Trade Zone.

Is a resident director required?
No.

What is the minimum number of shareholders required for a UAE company?
All companies require a minimum of two shareholders except a Dubai offshore company and Ras Al Khaimah free trade zone require a minimum of one shareholder.

Are shareholder/director details available for public viewing?
Yes, for all jurisdictions except for Dubai offshore company.

Which type of company can trade in the UAE?
Only a Dubai and an Abu Dhabi LLC are allowed to trade in the UAE.

What are the minimum capital requirements for a UAE company?
There are no standardized minimum capital requirements in the UAE. Some companies may not be subject to minimum share capital requirements. These are judged on a case by case basis, dependent on the size, nature and goals of the business.

Is a UAE company required to submit an annual tax return and/or financial statements?
All companies in the UAE are obliged to submit annual audited accounts to the government.

Do I need to rent a premesis for my company?
All companies except Dubai offshore company need to rent premises in the UAE.

How much tax does a UAE company pay?
All companies in the UAE do not have to pay any corporate tax.

Contact Us

For additional information on any of our UAE corporate services, e-mail or telephone us at (+65) 6735 0120.

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