A: Company Formation will cost starting from $3500 to anything between $ 10,000 and it could be more than $10,000 depending upon your requirements.
A: The most common type of company in the UAE is a Free zone company limited by the shares.
-FZE(Free Zone Establishment)
-FZC(Free Zone Company)
-LLC(Limited Liability Company )
A: Companies registered under sole ownership/ one shareholder are entitled to Free Zone Establishment (FZE) while a company has more than 1 shareholder is known as Free Zone Company (FZC). However, this is the basic difference between FZE & FZC you may contact me to know more about it.
A: An individual who is aged 21 and above can become a shareholder of the company
A: 1 working day
A: Trade License, Chamber of Commerce Certificate, Lease Agreement, Articles of association(FZC)
A: The Articles of Association is a document that contains the purpose of the company as well as the duties and responsibilities of its members defined and recorded clearly. It is an important document which needs to be filed with the Registrar of Companies.
You will probably be asked for this document when you open a bank account for your company. These are written in a way that is designed to enable your company to carry out any business activity and to minimize the administrative requirements of the company.
A: The Trade License is the legal physical evidence issued to confirm that the respective license issuing authority has incorporated your company name and states the date of incorporation and the license number, shareholder details, Manager details and validity of the license.
A: Yes, subject to availability. Briefly, the restrictions are that:
– you cannot register the same name as another company;
– the use of certain words is restricted; and
– names likely to cause offense are not allowed.
A: CBI Bank, ADIB Bank, Bank of Baroda, RAK Bank, Emirates NBD Bank, Noor Bank, Mashreq Bank, and FAB Bank.
A: No, 100% foreign ownership is allowed in the Free Zone companies.