Passport and National ID (If applicable) – for Freezone and mainlands. For branch incorporation please get in touch with one of our experts as they depend on the business activity.
No. Your physical presence is not necessary during the company formation process in a freezone. In the mainland, the process can be initiated without you but your physical presence will eventually be required.
Setting up a new company in Dubai can be complicated, but Sharkup has you covered. Here are the steps –
Yes, there are two recommended offshore corporate structures. The first is RAK; the second, more expensive option – JAFZA. RAK offshore is a pure offshore structure, while JAFZA offshore requires the owner to carry a residence visa. It is only the offshore structure that permits ownership of property in the emirate of Dubai. JAFZA offshore has a minimum requirement of two directors and one shareholder.
Anyone wishing to work and/or live in the UAE must have a residence visa. A manager of your entity must have a residence visa to be able to employ staff in your company. Offshore entities do not
require a residence visa as they do not entitle the shareholder to do business in the country. The free zone companies allow for issuing residence visas based on the size of the rented or
purchased premises of the establishment.
All licenses are renewable annually in the UAE. Failure to do so in time will result in penalties and even cancellation of all the residence visas linked to that company.
There are no personal or corporate taxes in the UAE, but the companies must pay a 5% import duty to get the clearance of their goods from the port into the country.
The shareholder is the owner of the company and holds a share certificate. A company can have multiple shareholders. The director is the person appointed by the shareholders, tasked to handle the management of the company. He signs off the business contracts, and account opening forms, and other documents. The company can have one or more directors in a company.
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The incorporation process can take anywhere between five working days to six weeks depending on the free zone you choose and other factors. The initial stage is the registration of your trade name. Once that is complete, you have to produce various documents based on the type of incorporation and getting the required licenses from the issuing authorities. Sharkup can handle all the steps on your behalf. Click here to get started now.
It depends on which incorporation structure you choose. A local sponsor can help you businesses in many ways. Our experts can use their expertise of the industry and region to provide support in
No,Local agent does not involve with your business in any means, no means they will be part of profit or loss of the business.
Not applicable for free zone companies, only required for setup in the Dubai mainlands.
No, Only nationals of the United Arab Emirates can be the local agent of your mainland company.
We believe in making the entrepreneurs’ life easy by using our expertise. We help you choose the smartest and most cost-effective solution. Charging huge fees will be counter-intuitive in such a
scenario, thus we ensure that only a minimal service charge is applied on top of all the official expenses of company formation.
All the government payments are not refundable after receiving the government receipt in hand. Before that, you can simply contact us or your Sharkup representative to initiate the process.
You can contact us or your Sharkup representative.
Sharkup can help you with opening bank accounts. We can arrange for the bank representatives to come to our offices, speeding up the process and avoiding the inconvenience of going to the bank and having to wait in line.
Yes, it is mandatory while opening a bank account in the UAE.
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