The most significant aspects of the legislation are:
Taxation. DOCs pay no taxes on profit, capital gains or anything else in Dubai.
Shareholders. DOCs can have a minimum of 1 (one) shareholder.
Directors. A minimum of two directors are required and they cannot be bodies corporate. A register of directors must be held at the Registered Office but it is NOT a matter of public record.
Annual Reporting. No annual report or accounts need be filed. Accounts must be audited and accounts must be distributed to shareholders (but NOT filed with the authorities). DOCs may retain their accounting records wherever in the world the directors deem appropriate.
Restriction on Name and Activity. Names must end with “Limited.” The following words and their associated activities are prohibited: Banking, Insurance and Re-insurance.
Local Requirements. A DOC must maintain a local Registered Agent approved by the local authorities and a local Registered Office which the Registered Agent provides.
Minimum Capital. A DOC can select its own minimum capital. We recommend United States Dollars 100 in € 1,00 Shares.
Class of shares. Only one Class of Share is permitted.
Dubai (UAE) – IBC (Exempt)
Base Price: €3550.00