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United Arab Emirates Company Incorporation Services
Thanks to the multiple world-class free zones which operate in the United Arab Emirates, better known as the UAE, the country has grown into a booming industrial hub that has caught the eye of many keen investors with the capital to establish a business in this region.
UAE is known for its political stability in what is otherwise an unstable region of the world, which is one of the many reasons why the UAE is standing out among the rest of its counterparts like Abu Dhabi and Dubai. Ranked the 16th in the Global Competitiveness Index, the UAE offers investors one of the best business environments and infrastructures in the Middle East.
Thanks to the lucrative tax advantages that are offered, a properly structured UAE company is the ideal way to enjoy the international profits a business generates without having to pay the local corporate taxes. A simplified financial reporting system also allows businesses the freedom of not being obligated to submit an annual statutory auditing.
A new business can easily be formed in the UAE with two directors if it is a limited liability company that is being established. If the business is being registered as a free zone company, then it would only require one appointed director to begin the company incorporation process.
How the United Arab Emirates Company Incorporation Procedure Works
To register and incorporate a company in the UAE, here is what an investor would have to do:
- Acquire the husband’s approval to leave the marriage home – It is a custom in the UAE that a wife must first get the consent of her husband to leave the couple’s marital home, according to the Personal Status law.
- Reserve a company name – This can be done at the Department of Economic Development. A registration application must be submitted to register a company.
- Notarise the MoA and apply for registration – This can be done at the Department of Economic Development.
- File the related company documentation with the Department for Economic Development, obtain the trade license and register for membership at the Dubai Chamber of Commerce and Industry – This can be done at the Department of Economic Development. Before any newly formed company can operate in the UAE, it is important that they first apply for a trade license with the Department of Economic Development.
- Apply for the establishment card at the Ministry of Human Resources and Emiratisation – Every entrepreneur or authorised representative of the intended business will need to go to the Ministry of Human Resources and Emiratisation in person to apply for what is known as the Establishment Card at the Ministry of Labour.
- Register native workers at the Ministry of Human Resources and Emiratisation and register with the General Authority for Pension and Social Security – The Ministerial decree in the UAE requires all native workers to be registered with the Ministry of Human Resources and Emiratisation. All native workers would also need to be registered for the pension and social security fund.
For more information on United Arab Emirates company incorporation services, contact 3E Accounting for our list of extensive services that can help you incorporate your company in the UAE quickly and efficiently.