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08-Nov-2020 09:48

An IC in RAK and Ajman may be formed by one or more shareholders and one or more directors, who can be foreign-citizens.

ICs in Dubai may be formed by at least 2 shareholders. Shareholders and directors may not be disclosed publicly. Currently, there is no value-added tax or sales tax in UAE, which ranks the country as 1st when compared to VAT taxation rate internationally. Thin capitalisation refers to any type of restrictions on companies' debt-to-asset ratios. Dividends are distributions of company's earnings, determined by the board of directors, to a particular class of shareholders.

There is a requirement to have at least 2 directors.

Speaking of shareholders, corporate directors are not permitted.

There is a Consequently, there is no requirement that these accounts be audited. A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.

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The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account. IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation.

Applying for Payment Processing: We include introductions to payment processors or merchant accounts with all of our incorporation services.

Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.

Dividends can be one of the following cash payments, shares of stock, or other property. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price. This means that payments on dividends, interests, royalties or any kind of fees to non-residents are not subject to taxation.

There is no known tax on wealth in United Arab Emirates. There are no well known research and development breaks on taxation in AE.

We can help you form a company in United Arab Emirates. We will provide you with all the necessary documents to open a bank account as well as a registered office in United Arab Emirates, which is required by law.