| Legal System |
Romano-Germanic legal system. Established national system of codified laws. |
| The System of the Common State Registrar |
The company records (name, registration date) are kept by the public registry. Information about shareholders and directors is not reflected in the registry.The registering authority is Dubai Registry. |
| Registration Procedure |
Notarized documents and Bank certificate of payment of the share capital are submitted on paper. The beneficial owner is not required to be present at the registration and filing procedures. |
| E-Registration |
Not available. |
| Pre-incorporation Procedures (statement of compliance, affidavit, etc) |
Prior notarization of the Memorandum and Articles of Association is required. |
| Company Name |
The prior approval of the name is required.The name can be in any language, previously translated. Company name must end in LIMITED or LTD. The words associated with governmental and public patronage may not be used. |
| Incorporation Documents |
Memorandum & Articles of Association. Original documents shall be prepared and kept in English. |
| Share Capital |
The minimum share capital is not specified. Share capital must be expressed in dirhams U.A.E. (AED). Nominal value of the one share shall be AED 1.000. Registered shares only. Bearer shares are not allowed. Issued shares must be fully paid. |
| Beneficial Owner |
Any physical person can be the beneficial owner. Information about the beneficiary is not reflected in the Registrar. |
| Shareholder |
At least one shareholder (physical person or legal entity). Transfer of shares into trust is allowed. |
| Director |
At least one director.The director may be a physical person or a legal entity. |
| Secretary |
A secretary is not required. |
| Registered office |
A registered office in U.A.E. is required. |
| Residency |
The company is considered to be a resident if:
- the sole shareholder, the beneficiary is the U.A.E. resident; or
- most or all income is received from the activities other then investment in U.A.E.; and
- most or all of the assets (by value) are the assets used in business. |
| Income Tax |
0%, except for profit of oil and gas sector companies and branches of foreign banks. |
| Taxes on Dividends |
0% |
| Taxes on Capital Gains |
0% |
| Taxes on Interest/Royalties |
0% |
| Tax Withheld at Source |
None. |
| VAT |
5% |
| Specific National Taxes and Levies |
The annual government fee - AED 2000. |
| Reporting |
Required. |
| Audit |
Not required. |
| Cost Accounting Rules |
None. |
| Tax Administration |
No requirements. |
| Use of Tax Treaties |
More than 80 countries. |
| Terms of Use of Tax Preferences |
The conditions of free trade zones. |
| Controlled Foreign Corporation in Jurisdictions with Low Tax (CFC) |
Not Applicable. |
| Disclosure of Information |
Information about beneficiaries is revealed by the decision of a Court. |
| Language |
Arabic and English languages. |
| Registration of Company |
From EUR 3 000. |
| Administration of Company |
From EUR 2 500 per year. |