If you are faced with the task of registering the company in the UAE, and opening bank account, in most cases you will need to visit this country. You will only need to come for one day to sign relevant documents to open an account and sign documents for company registration.
Terms and list of documents that you receive when registering a company may vary depending on the territory of registration of the company within UAE and the bank, selected for opening of account.
The list of documents provided after registration, can depend on the type of business activities of the company in the UAE and, accordingly, company type.
Standard documents, which are issued to the client at the time of company registration:
- Certificate of company incorporation;
- Certificates of shares;
- Statutory and founding documents (Memorandum and articles);
- Company Stamp
In case of onshore companies - license is also required. At the same time, if this type of company has only one shareholder, the company is not provided with memorandum and articles.
In addition to the above, a set of documents of the company in the UAE may also include documents, relating to the appointment of nominees and relevant documents from them, office lease agreement (if the form and configuration of the company stipulates it), register of shareholders and directors, etc.
Time for receiving all documents also strongly depend on the type of company. For a standard offshore company under express registration all the founding documents are available for receiving within just 48 hours, on onshore companies - in average from 3-4 days to 2-3 weeks.
Because of the large number of types of companies in the UAE the list of documents of the company in the UAE can differ markedly.
