FAQ’s
Have questions? Explore our FAQs to learn more about our services and processes.
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Answers to Your Most Common Questions
We shall advise you regarding incorporation after considering your current requirements & future vision.
Following are the characteristics of offshore company.
- 100% ownership.
- UAE national/local sponsor not required.
- Can operate internationally.
- Yearly audit is not mandatory.
- Office space not required.
- Not eligible to apply for UAE residence visa.
- What are the characteristics of an onshore company?
Following are the characteristics of onshore company.- UAE national/local sponsor is required(Not applicable for free zones).
- Can operate within UAE and internationally.
- Yearly audit depends on jurisdiction.
- Corporate tax may apply(Not applicable for free zones).
- Office space required.
- Eligible for UAE residence visa.
Yes. On the application form you are asked for 3 company name in order of preference. We will then check with authority if it is available. If not then alternative names should be provided to us.
Shareholder is an individual or company who holds the company through share certificate. Company can have one or more shareholders.
Director is an individual or company who manages the company. Directors are elected by shareholders. Company can have one or more directors.
Global Incorporations is a company incorporation service provider and has been active since long. We offer online company formation across various offshore & onshore jurisdictions across the world including United Arab Emirates (UAE) and have a team of experts in the disciplines of corporate matters, company formation, international taxation, finance, law and international business.
You can either pay by bank transfer, credit card, cash and cheque.
2 – 3 working days.
4 – 5 working days.
No.
For opening bank account – Yes.
For company incorporation – No.
No.
Yes.However, corporate directors are not permitted.
Company cannot engage in any activities outside the Fee Zone or carry out business with persons outside the Free Zone and within UAE (however permitted to deal with companies in Ajman Free Zone)
All companies should maintain financial books and prepare auditor’s report within 3 months from the end of financial year. The accounts / audit report however, are not to be filed with the authority.
Every anniversary date of incorporation.
Following documents are required for renewal.
- Auditor confirmation letter.
- Updated Passport (if any) of Director and Shareholder.
- Recent Utility Bill (Address Proof) of Director and Shareholder.
5 – 7 working days.
10 – 14 working days.
No.
Yes.
No.
Yes.However, corporate directors are not permitted.
Company cannot engage in any activities within UAE. The following words and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Co-operative, Fund, Imperial, Insurance, Municipal, Mutual Fund, Royal, Consultants and Trust.
All companies should maintain financial books and prepare auditor’s report within 3 months from the end of financial year. The accounts / audit report however, are not to be filed with the authority.
Every anniversary date of incorporation.
Updated KYC of Shareholder/Director (Utility Bill/Passport).
2 – 3 working days.
4 – 5 working days.
No.
For opening bank account – Yes.
For company incorporation – No.
No.
Yes.
Company cannot engage in any activities within UAE.
All companies should maintain financial books and prepare auditor’s report within 3 months from the end of financial year. The accounts / audit report however, are not to be filed with the authority.
Every anniversary date of incorporation.
Updated KYC of Shareholder/Director (Utility Bill/Passport).
3 – 5 working days.
4 – 5 working days after the incorporation process is completed.
No.
For opening bank account – Yes.
For company incorporation – No.
Yes subject to fulfilling immigration requirements.
Yes.However Corporate Directors are not permitted.
Only those activities which are mentioned in license can be carried out. Sales/Services within UAE to be carried through local agent/supplier.
No.
Renewal date would be mentioned in license. License to be renewed annually.
Original license & Forms.
5 – 10 working days.
4 – 5 working days after the incorporation process is completed.
No.
For opening bank account – Yes.
For company incorporation – No.
Yes subject to fulfilling immigration requirements.
Yes.However Corporate Directors are not permitted.
Only those activities which are mentioned in license can be carried out. Sales/Services within UAE to be carried through local agent/supplier.
No.
Renewal date would be mentioned in license. License to be renewed annually.
Original license & Forms.
4 – 5 weeks.
4 – 5 working days after the incorporation process is completed.
No.
Yes.
Yes subject to fulfilling immigration requirements.
Yes.However Corporate Directors are not permitted.
Only those activities which are mentioned in license can be carried out. Sales/Services within UAE to be carried through local agent/supplier.
Yes.
Renewal date would be mentioned in license. License to be renewed annually.
Original license, Audit report & Forms.
2 working days.
1 week.
For opening bank account – Yes.
For company incorporation – No.
Yes.
No.
Every anniversary date of incorporation.
Updated KYC of Shareholder/Director (Utility Bill/Passport).
2 working days.
1 week.
For opening bank account – Yes.
For company incorporation – No.
Yes.
No.
Every anniversary date of incorporation.
Updated KYC of Shareholder/Director (Utility Bill/Passport).
10 working days.
2 weeks.
For opening bank account – Yes.
For company incorporation – No.
Yes.However, corporate directors are not permitted.Also one resident director must be appointed.
Yes.
Every anniversary date of incorporation.
Updated KYC of Shareholder/Director (Utility Bill/Passport).
2 weeks.However readymade companies are available.
3 weeks.
For opening bank account – Yes.
For company incorporation – No.
Yes.
Yes.
Every anniversary date of incorporation.
Updated KYC of Shareholder/Director (Utility Bill/Passport).