Dubai is the capital city of the Emirate of Dubai which is the most populated of the seven United Arab Emirates. Starting out as a fishing village in the eighteenth century, following the discovery of oil, Dubai has emerged as one of the world’s fastest growing economies with thriving tourist and financial services industries. CommerCity itself is a prominent freezone dealing with digital commerce.
Country: United Arab Emirates
Population: 9,915,800
Currency: UAE Dirham (AED)
Language: Arabic (Official) although English is commonly spoken
Dubai CommerCity Company Formation £7105.00 + Vat
Services Included | Year 1 | Year 2 onwards |
---|---|---|
Incorporation | N/A | |
Corporate Structuring | N/A | |
Government Fee | US $TBC annual | |
Corporate Domicile | From $TBC annually | |
Accounting Data Address | Optional Extra | |
Director and Nominee Service | Optional Extra | Optional Extra |
Estimated renewal costs in year two: £5,600.00 |
Benefits of Forming a Dubai CommerCity Company
There are a number of reasons why Dubai is such a popular place for people all over the world to form their Offshore Companies, including;
- Directors and Shareholders – Directors and Shareholders may reside anywhere in the world. The use of Nominee Directors and Shareholders is also permitted, both local and globally.
Requirements to Form a Dubai CommerCity Company
In order to incorporate your Dubai CommerCity Company, these are the steps that must be followed;
- Place your order – You need to use a Company Formation Agent to submit the necessary documentation to the Registry on your behalf. Payment needs to be made to the Registry on submission of the registration documents so our fee must be paid when the order is placed.
- Meet the Anti Money Laundering Requirements – In order to meet Anti Money Laundering Requirements we need to obtain a certified copy of the passport and current utility bill of each of the owners and shareholders. This is required even if you are using our Nominee Service.
- Documents are issued to you – Once the Registry has incorporated the company, we will issue you with the Certificate of Incorporation, Articles of Incorporation, Licence, Membership Certificates and all other company documents as required by Law. These documents can then be used to open a bank account for the company.
Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.
Banking
Offshore Banking can be arranged in several overseas locations. Your banking consultant will be able to advise you on the most suitable offshore bank account.
Company Renewal:
Dubai Companies have to be renewed on the anniversary of the incorporation every year – All jurisdictions have different requirements for renewing the incorporation. We will automatically send you an invoice when your renewal is due.