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COMPANY FORMATION
For different business needs, companies can be formed offshore, free zone, mainland. We assist you every step of the way to set up a company in your desired zone, area, under proper jurisdiction, choosing your business activity, reserving your trade name, submitting the application, verification, follow-up, issuance of license and its renewal.
STEPS FOR COMPANY FORMATION
Mainland
- Registered under the Department of Economic Development(DED) of each emirate.
- Free trading within the UAE and internationally.
- Requires physical office space.
Steps for mainland company formation
- Choose your business activity-Commercial, professional, or industrial
- Reserve trade name –This can be done through the DED online portal
- Initial approval-Approving that the government has no objection to your activity, and an initial approval certificate will be issued
- Preparation of Memorandum of Association (MOA)-Notarised as per UAE law.
- Lease office space- Ejari or tenancy contract
- Submission of documents
- Payment
- Time frame – 5-10 working days
FREE ZONE
- Offers tax benefits and 100% ownership to foreign investors
- Quick set-up process with minimal documentation.
- They can trade in the UAE mainland only through distributors.
Steps for free zone company formation
- Select free zone (International Free Zone Authority (IFZA), Sharjah Publishing City (SPC), Sharjah Media City (SHAMS), etc.
- Choose Business Activity and structure (Free Zone Establishment (FZE) or Free Zone Company (FZC).
- Select three company names according to the free zone rules and regulations.
- Submit the application with our details.
- Pay fees
- Get the application verified
- KYC Submission and approval
- Company name approval
- Documentation of MOA and Resolution by Free Zone
- Sign MOA, Resolution
- Trade license documents will be issued after this step if no third-party approvals are needed.
- Time frame:7-10 working days
Offshore Company Formation
It is a set-up primarily for International Business. With this, one is not allowed to trade within the UAE.
- No office space requirement and no corporate tax.
Steps for offshore company formation
- Choose offshore jurisdiction (JAFZA, RAK ICC, Ajman offshore)
- Select Company name
- Choose a company structure
- Submission of documents
- Approval
- Incorporation
- Issuance of documents
- Time frame-5-7 working days
PARTNER AMENDMENT IN COMPANY FORMATION
The official process of adding, changing, or removing a partner or a shareholder to or from a company. It makes sure that all changes are accordingly updated in the trade license certificate and other incorporation documents of a company. This can include a share transfer, a change in share percentage. We will act on your behalf and make this process hassle-free.
Type of partner amendment
- Addition of a partner– A new partner invests in the company and is required to receive shares.
- Removal of partner: An existing partner does not want to continue, and shares should be transferred to others.
- Change in shareholding ratio-Changing the share among partners without changing the number of partners.
- Change of Managing Partner- The company management partner is appointed or replaced.
COMPANY CLOSURE
PROCEDURE FOR REGISTRATION CANCELLATION