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Dubai Company Formation

UAE JURISDICTIONS

DUBAI-JAFZA

DUBAI - RAKIA
Type of Entity: Offshore Offshore
Type of law: Jebel Ali Free Zone Offshore Companies Regulations 2003 RAK Investments Authority-Regulations on International Business Companies 2006
Shelf company availability: Yes Yes
Incorporation time frame: 2-4 working days after CID approvals. 24 hours after the documents are perused by the registrar
Minimum Government fees: 2740 $ 1090 $
Regular Corporate Income Tax: An offshore company is exempted from Income / Corporate Tax An offshore company is exempted from Income / Corporate Tax
Double Tax Treaty access: Yes Yes
Minimum issued share capital : No minimum share capital required but usually 1,000 USD or 10,000 AED No minimum share capital required but usually 1,000 USD or 10,000 AED
Minimum paid up share capital on incorporation: Must be fully paid None
Minimum number of Shareholders required: One One
Bearer Shares: No permitted No permitted
Nominee Shareholders Permitted: No No
Minimum number of directors: Two One
Corporate directors permitted: No No
Local directors required: No No
Local meeting required : Yes, can be conducted periodically in the U.A.E or anywhere else Yes, can be conducted periodically in the U.A.E or anywhere else
Company secretary required : Yes ( A shareholder / director may be appointed as a secretary) Yes ( A company director may also act as secretary)
General Meetings of Shareholders: Yes, can be conducted periodically in the U.A.E or anywhere else Yes (can be held anywhere in the world)
Local Registered office required: Yes Yes
Tax residence to benefit from Tax Treaty network: No No
Exchange Control: No No
Disclosure of beneficial owner to Company Registrar: Yes Yes (Beneficial Owner details provided to RAKICC)
Government register of directors: Yes Yes
Annual return: No No
Submission of accounts: No (but should be made available to the JAFZA Registrar upon demand.) No
Audit: No No
Change of domicile Permitted No No

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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