corporate structuring in UAE describes how a company’s leadership, ownership, and operations are organized to meet legal requirements and achieve the company’s goals.
Some of the benefits of corporate structuring in UAE are
- Legal Protection
- Optimal Tax Management
- Funding Opportunities
- Increased Credibility
- The Ability to Scale and Grow
- Planning for Succession
- Protecting Assets
- Meeting All Standards
- Streamlining Operations
Here are the steps involved in corporate structuring in the UAE
Establish Company Objectives:
- Lay out the company’s strategies for the future, including its intended activities, target markets, and strategies for growth.
Select Legal Entity
- Common legal entities in the UAE:
- Free Zone Company
- Limited Liability Company
- Joint Venture
- Representative Office
- Branch Office
Decide On ownership:
- Decide on the ownership structure of the company. Verify that all local sponsorship requirements and restrictions on foreign ownership have been met, if any.
Appoint Directors and Managers
- Find professionals to be part of the company’s management team or board of directors
Gather Legal Documents
Obtain all the agreements and legal documents that will be needed, such as:
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Shareholders’ Agreement (if applicable)
- Employment Contracts
- Lease Agreements (for office space)
Register the Company:
- File all the required paperwork with the appropriate government agencies or free zone authorities to officially register your business.
Open Corporate Bank Accounts:
- Open business bank accounts for the company
Maintain Compliance with All Laws, Regulations, and Reporting Obligations:
- Maintain the company’s operations in the UAE in accordance with all applicable laws, regulations, and reporting requirements.
Develop and execute corporate governance policies
- Develop and implement processes that encourage openness, responsibility, and moral conduct among employees.
