en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
NEWS

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
Newsletters
5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
2017.11.24
HUF 0.0038
GBP 1.3312
CHF 1.0202
RUB 0.0171
HKD 0.128
JPY 0.009
CNY 0.1521
CAD 0.7886
AUD 0.7628
BRL 0.3085
EUR 1.1848

 COMPANY FORMATION
UNITED ARAB EMIRATES, SHARJAH MEDIA CITY
SHAMS LLC 

INCORPORATION DATASHEET

UNITED ARAB EMIRATES, UMM AL-QUWAIN

You can download our brochure here:
UNITED ARAB EMIRATES, SHARJAH

Advantages:

The United Arab Emirates is an extremely attractive jurisdiction, with a very good name. The advantages of the UAE include:
0% corporate taxes
0% personal income tax
0% VAT
not a typical offshore jurisdiction;
the tax free status of Free Zones is based on cultural traditions
the company can open a bank account in the same jurisdiction
the company can have local office and employees
Free Zone Companies can obtain working visas for investors and employees
easy to obtain a residency permit for investors
the full profit of the company can be repatriated
high prestige jurisdiction, accepted worldwide in the business community

Disadvantages: The UAE is not a member of the Hague Convention on International Authentication. Corporate documents cannot be certified with Apostille. However, it is possible to have corporate documents certified by foreign consulates or by Apostille in other countries. Documentation can be notarised by a Notary Public in the Emirates.
Method of incorporation / registration The Memorandum and Articles of Association must be signed by the shareholder.
Company legal form Private Limited Company by Shares
Company status Free Zone Company
Source of corporate legislation Emiri Decree Number 11 of 2017 establishing the Sharjah Media City Free Zone
Possible suffixes to company name LLC
Time required for incorporation 2 to 3 days dependent on all the required documentation
Number of directors 
Minimum one of any nationality
Number of shareholders Minimum one of any nationality; can be individuals or companies or a combination of both.
Capitalisation Client doesn’t need to show any paid up share capital but the share capital total default value is AED 100,000.
Accounting / reporting requirements Required, but not public.
Type of shares Registered.
Annual tax and duties Dependent on the type of company.
Information publicly available Registered Office and Registered Agent, Directors.
Disclosure of beneficiaries Not required for Public Records.
Registered office Local Registered Office required by law within the Free Zone.
Registered secretary / agent Local Registered Agent is not required by law.
Labour Law Free Zone rules and UAE labour law.
Double tax treaty

The UAE has signed Tax Agreements with over 40 Jurisdictions.

 

VISA PROCEDURES AT SHAMS LLC

 

Arrangement of residence visa/residence permit covers the following

VIP transfer between official locations and the client’s hotel
Expedited medical examination
Urgent hospital administration fee (results within 3 hours)
Issuing of health certificate and registration with the Free ZoneCompulsory immigration screening and registration
Opening of immigration file and submission to the authorities
Issuing of entry permit authorising investment visa + express service fee
Submission of entry permit to the airport immigration authority
Expedited fingerprint registration
Application for residence visa + express service fee
Collection of (plastic) UAE ID card
The administrative process
Trade License /Cert. of incorporation /License (2nd page), Establishment Card
Notes
The residence visa and residence permit are valid for 3 years, and can be extended (naturally, in this case it is necessary to maintain and renew the company each year). Additional option: 1-year apartment rental agreement certified by the local government + proof of address certified by the Dubai Court.

 

-------------------------------------------------------

PRICE ON REQUEST!

Please contact any of our offices for access to the full pricelist.

Thank you!

 

-------------------------------------------------------

Top