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UAE Company Registration

UAE Company Registration
◆The United Arab Emirates (UAE) is a country located at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran. The country is a federation of seven emirates. The constituent emirates are Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. Other than a small mountainous area in its northeast area, the UAE is mainly comprised of wetland and desert at an altitude of less than 200 m. Located in the tropical desert climate zone, it is blazing hot and dry in the UAE.
The UAE implements free economy policies, whereby no foreign exchange control and nearly no tax. Trading, investments, contracting services, and other business taking place in the UAE are considered as economic and trading activities. Foreigners who do the three types of business need to conform the UAE Commercial Companies Law, the UAE Commercial Agencies Law, and the UAE Labour Law. Company registration shall comply with the local enterprise registration guidelines. The company shall join the chamber of commerce and industry to become a legal person, which makes the company have the same rights and obligations comparing with the UAE-funded companies. The only difference is the description of business operations and activities when the application is submitted. This mainly is to define the business scope of a company. If registered as a trading company, the company is permitted to engage in trading activities. If registered for investments in factory construction, the company certainly enjoys preferential treatments in investment, but further negotiations shall be conducted with local partners regarding investment methods, technologies, and capital investments. If registered as a contractor service company, the company shall be required to apply for a grade classification in accordance with different grade classifications by the UAE, which is based on various requirements for capital, technological capacity, performance, and the equivalent. In case the contractor service wishes to undertake specialty contracts related to public utility and road construction projects, the company shall apply for the qualifications of specialty contractor services based on its own technological capacity and performance after obtaining the relevant grade classification. The business operations may commence only after all formalities mentioned are completed; otherwise, the company may be punished or sanctioned severely.
◆Investment Plan Statement:
1. Please specify the plan and provide the estimated investment amounts.
2. What are the main business operations of your company in the UAE? Are there any other special plans for the future?
3. In addition to the expected business operations in the UAE, are there any other plans to be implemented in other regions?
4. Do the shareholders have experience in manufacturing industry? Which country do they obtain this experience from?
5. Is there any need to rent office space which is relevant to the number of visa applicants?
6. Is there any need to rent warehouses?
7. What are the reasons for hiring overseas staff?
8. How many shareholders are there in total? And what are their nationality?
9. Is there any manager assigned? And what is his/her nationality?
10. Who is the authorized signatory for opening a local bank account? And what is his/her nationality?
◆The following information shall be provided by a natural person application:
1. One copy of his/her passport
2. One copy of utility bills for the last three months
3. Bank reference
4. The applicant’s resume
5. Power of attorney
◆ The following information shall be provided by shareholders:
1. Business license
2. Articles of association
3. Certificate of good standing
4. List of directors or shareholders
5. Board resolution regarding company registration
6. Board resolution regarding appointment of directors
7. Board resolution regarding appointment of a company secretary
8. Bank reference
9. One copy of the representative’s passport
10. Power of attorney
◆It will take twenty-five to thirty working days to get all the company documents. You can have business license, articles of association, chops or common seals, share certificates, and registry of directors and shareholders after we finish all these work.
Company registered

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