Company registration in the UAE

Company registration in the United Arab Emirates (UAE)

Company registration in the UAE can be quite varied depending on the type of company, place of incorporation and other factors. The UAE provides different types of business structures for foreign investors such as:

• Free Zones (Free Zones): The UAE is known for its freezones where foreign companies can register their business with certain incentives and benefits such as no income taxes, full ownership and independence from Emirati partners.

• Offshore company registration in UAE: UAE also offers the option of registering offshore companies for international asset management and tax purposes.

• Local Companies (Local Companies): For a business that plans to trade in the local market, registering a local company may be preferable.

Company registration in the UAE usually requires the following:

• Choosing the right type of company and where to incorporate it.

• Preparing the necessary documents such as articles of incorporation, directors' passports, contracts and so on.

• Payment of necessary state fees and registration fees.

• Finding and renting office space (depending on requirements).

• Obtaining a business licence (depending on the type of business).

It is advisable to contact legal advisors or agents on how to incorporate a company in the UAE for more information and assistance with the incorporation process. The final requirements may vary depending on the type of company chosen and the place of incorporation.

Legal steps:

The legal stages of company registration in the UAE can vary depending on the type of company chosen and the place of incorporation. Here are the common steps that are often included in the process:

• Document Preparation: This step involves collecting and preparing all the necessary documents to register a company. This usually includes incorporation documents, passports of directors and shareholders, contracts and so on.

• Selecting the type of company and place of incorporation: Determining the type of company (e.g. freezone company, local company, offshore company) and selecting the appropriate jurisdiction for incorporation.

• Filing: Filing an application for company registration with the relevant UAE authorities, such as the Chamber of Commerce or the freezone registration authorities.

• Obtaining a business licence: Depending on the type of business the company is engaged in, it may be necessary to obtain the relevant business licence.

• Registration of the company in UAE: After reviewing the application and verifying all documents, the company is registered in the official registry. Opening a bank account: After company registration, opening a bank account with a bank in UAE is often required.

• Tax Registration: In some cases, it may be necessary to register the company with the UAE tax authorities for the payment of taxes. Office Space Rental: Some types of companies require office space rental as per the requirements of the registration authorities.

• Obtaining visas for employees and owners: If the company plans to employ foreign employees, visas for them may be required.

• Compliance with rules and regulations: It is important to ensure that you comply with all laws and regulations during the registration process and in continuing to do business in the UAE.

Under what conditions can the service be provided?

Services regarding business registration in UAE can be provided under various conditions, which usually include:

• Preparation of required documents: The client must provide all the necessary documents and information to register the company. This may include incorporation documents, passports of directors and shareholders, and other documents specific to the chosen company type and jurisdiction.

• Financial terms on the legal issue of registering a company in the UAE: The client should be prepared to pay for company registration services, which may include government fees, registration fees, and agency or law firm fees.

• Selection of the type of company and place of incorporation: The client should decide on the type of company and place of incorporation in the UAE, depending on their business objectives and requirements.

• Legal Compliance: The client should be prepared to comply with all UAE laws and regulations during the incorporation process and in the future conduct of the business.

• Interaction with an agency or law firm: The client may choose a company registration agency or law firm to provide incorporation services. In this case, it is important to maintain open communication and co-operation with the chosen partner.

• Personal presence (depending on requirements): In some cases, the personal presence of the client or his representative may be required for signing documents or other procedures.

Under what conditions can the service not be provided?

It may not be possible or difficult to register a firm in the UAE in the following cases:

• Insufficient preparation of documents: If the client fails to provide all the required documents or information for company registration, it may result in difficulty or impossibility in providing the service.

• Failure to comply with legal requirements: If the business activity that the client plans to undertake does not comply with UAE legal requirements, the company registration agency or law firm may refuse to provide the service of company registration in UAE to open a company.

• Financial Restrictions: If the client is not prepared to pay all necessary government fees, registration fees and agency or law firm fees, the company registration service may not be possible.

• Non-compliance with the requirements of the selected type of company or place of incorporation: If the selected type of company or place of incorporation does not meet the client's business objectives or has restrictions that are not satisfactory to the client, the service may be impeded.

• Unacceptable actions of the client or his representatives: If the client or his representatives violate the rules or principles of lawful and ethical behaviour in the process of company registration, this may also lead to the refusal of the service.

• Unacceptable political or economic situation: In some cases, the company registration service may be hampered due to unacceptable political or economic situation in the UAE or in the client's country.

 How to sort it out on your own?"

Figuring out the UAE company registration process on your own is possible, but will require some time, research and familiarisation with the relevant rules and procedures. Here are a few steps that can help you understand the process on your own:

•  Research company types and incorporation locations:Do your research on the different types of companies available for incorporation in the UAE, as well as Freeport Zones and localised companies. Understanding your needs and objectives will help you choose the most appropriate company type and place of incorporation.

• Familiarise yourself with the requirements and procedures for incorporation: Learn the requirements and procedures for incorporating a company in your chosen UAE jurisdiction. This includes required documents, licensing conditions, application procedures, etc.

• Gather the required documents: Determine what documents are required to register your chosen type of company and start preparing them. This usually includes incorporation documents, passports for directors and shareholders, business plan, etc.

• Research the tax and legal aspects: Understanding the tax and legal aspects of registering a company in the UAE will help you avoid unforeseen problems. Explore tax rates, accounting and reporting requirements, and other legal obligations.

• Contact the registration and licensing authorities: Once you have prepared all the necessary documents, contact the registration and licensing authorities in your chosen UAE jurisdiction for more information and instructions on how to apply and how to register a company in UAE prices without intermediaries.

• Follow the process: Follow the registration process, make sure all documents and payments are sent on time, and respond to any queries or requirements from the registration authorities in a timely manner.

• Seek professional help if necessary: If you have difficulties or questions during the process of proceeding on your own, do not hesitate to contact legal advisors or company registration agents in the UAE for help and advice.

Frequently Asked Questions:

• Company in UAE price to register code, how much does it cost ? The price of company registration in UAE can vary depending on several factors such as the type of company chosen, the place of incorporation, the services included in the incorporation package and other factors. However, in order to provide a specific price, I would like to clarify the following: Company Type: What type of company do you plan to incorporate? For example, it could be a freezone company, local company, offshore company, etc. Place of incorporation: In which Frezone or UAE jurisdiction would you like to incorporate the company? Additional Services: Some agencies offer various packages which may include additional services such as opening a bank account, obtaining a licence, office rental services and others. These additional services can affect the overall cost. Complexity of the process: If your company requires special conditions or specialised procedures for incorporation, this can also affect the cost of services.

• How is the process of registering new companies in the UAE? The process of registering new companies in the UAE usually involves the following steps: Selecting the type of company and place of incorporation: You first need to decide on the type of company you want to incorporate (e.g. freezone company, local company, offshore company, etc.) and select a suitable jurisdiction or freezone to incorporate in the UAE. Document Preparation: Collect and prepare all the necessary documents for company registration. This usually includes incorporation documents, passports of directors and shareholders, business plan and others. Filing: Apply for company registration with the relevant UAE authorities, such as the Chamber of Commerce or Freeport Zone Registration Authorities. Your company registration agent or legal advisor can guide you through the process. Obtaining a business licence: Depending on the type of business the company is engaged in, you may need to obtain the relevant business licence. Company Registration: Once the application has been processed and all documents have been verified, the company is registered in the official register. You will be provided with the company registration documents such as the certificate of incorporation and incorporation documents. Opening a bank account: Once the company is registered, you can open a corporate bank account with a bank in the UAE. Tax Registration: In some cases, you may be required to register the company with the UAE tax authorities for payment of taxes. Renting an office space: Some types of companies require renting an office space as per the requirements of the registration authorities. Obtaining visas for employees and owners: If the company plans to employ foreign employees, visas may be required for them.

• Company registration in UAE cost? The cost of company registration in the UAE can vary depending on several factors, including the type of company, the chosen jurisdiction or freezone, and the services included. However, in general, you should consider the following costs when registering a company in the UAE: Registration fees and government fees: These are mandatory fees that you need to pay to register a company in the UAE. The amount of these fees may depend on the type of company and jurisdiction chosen. Agency or Law Firm Fees: If you use the services of a company registration agency or law firm, you will have to pay their fees for providing incorporation services. Additional services: If you choose additional services such as assistance in opening a bank account, obtaining a business licence, renting office space and others, the cost of incorporation may increase. Administrative costs: These may include document translation, notarisation, courier services and other administrative costs associated with the incorporation process. The total cost of incorporating a company in the UAE can start from a few thousand US dollars and go up to significant amounts, depending on all of the above factors and your business requirements. To get a specific company registration cost for your case, it is advisable to contact several company registration agencies in UAE to get quotations and service cost estimates.

• Offshore company registration in UAE, how long will it take? Registering a company offshore UAE can usually take anywhere from a few days to a few weeks, depending on several factors: Document preparation: The time it takes to prepare all the necessary documents such as incorporation documents, directors' and shareholders' passports depends on your preparation and the speed of obtaining the required documents. Application processing: Once the application for offshore company registration is submitted to the relevant UAE authorities, it is processed and reviewed. This process usually takes from a few days to a week. Receipt of documents: Once the company is successfully incorporated, you will be provided with the relevant incorporation documents such as the company registration certificate and incorporation documents. This may take a few more days. Additional services: If you order additional services, such as opening a bank account or obtaining a licence, this can also increase the overall registration time. Time for audits and inspections: Depending on the requirements of the jurisdiction or bank, your documents and company may be subject to additional checks and audits, which can take additional time.

•  Company in UAE price to register a cheque? The price to register a company in the UAE can vary depending on the type of company and jurisdiction of incorporation, as well as the services you choose. However, registering a 'cheque' (short for Commercial Company, a general trading company) in the UAE usually includes the following costs: Registration fees and government fees: These are mandatory fees that must be paid when registering a company. The amount of these fees may vary depending on the type of company and jurisdiction chosen. Agency or law firm fees: If you use the services of a company registration agency or law firm, you will have to pay their fees for providing the incorporation services. Additional services: If you choose additional services such as assistance in opening a bank account, obtaining a business licence, office rental services and others, the cost of incorporation may increase. Administrative costs: These may include document translation, notarisation, courier services and other administrative costs associated with the registration process. Licence and certificate fees: Depending on the requirements of the jurisdiction, cheque registration may require payment of licence and certificate fees.

• Register a company in UAE prices Dubai? Company registration prices in Dubai, UAE can vary depending on several factors, including the type of company, the jurisdiction or freezone chosen, and the services included. Here's a general overview of what can affect the cost of company registration in Dubai: Company type: In Dubai, you can register different types of companies such as a freezone company, local company, offshore company, etc. The cost of incorporation will depend on the type chosen. Place of incorporation: Dubai has several Freeprison Zones and Special Economic Zones, each of which has its own rules and cost of incorporation. For example, registering a company in Dubai Multi Commodities Centre (DMCC) may have a different cost compared to Dubai South Free Zone or Dubai Technology and Media Free Zone (TECOM). Additional services: If you opt for additional services such as assistance in opening a bank account, obtaining a business licence, office rental services and others, the cost of incorporation may increase.

• Company in UAE price to register an IE? If you are interested in registering a sole proprietorship in the UAE, you will probably need to register as a freelancer or freelance professional as required by the relevant authority in your emirate (for example, in Dubai this is the Dubai Multi Commodities Centre or DMCC). The cost of registering as a freelancer or freelance professional can vary depending on the specific requirements of the organisation and the services they provide.

What does the cost of services depend on?"

The cost of services may vary depending on the type of company chosen (e.g. freezone, local company, offshore company) and its structure (e.g. number of directors, shareholders, etc.). The cost of services may also vary depending on the chosen jurisdiction or freezone for company registration in the UAE. Some zones may offer more favourable conditions and benefits, but this may affect the cost of services. Some company registration agencies offer additional services such as assistance in opening bank accounts, obtaining licences, renting office space, etc. The cost of such additional services may be included in the total cost or calculated separately.