Aabi Chartered Accountants
Dubai
- Company formation
- Accounting and bookkeeping
- Tax compliance
- +6 more
Languages: English
View profile of Aabi Chartered AccountantsCorporate secretarial work in the UAE is the upkeep of the company’s formal record: the shareholder register, resolutions, changes of manager or shareholder, licence renewals and the registers kept for the authorities. One filing every owner should know about is the beneficial owner record. A legal person must submit the beneficial owner records and the register of partners or shareholders to the Registrar within 60 days of licensing and registration, as set out in the Dubai Development Authority’s decision; other authorities have their own versions of this.
Ask the firm which authority it files with (mainland department, a named free zone or both), whether renewals are included in the annual fee, how it reminds you of dates, and how it handles changes of ownership. Firms in this field are often corporate services providers that also provide registered addresses, so compare what the address includes. The UAE country guide covers the licence types, and the company formation page covers choosing a provider.
This service is offered by 64 firms, fewer than most others: 34 corporate services providers and 28 accounting firms and 2 law firms. The list has a high share of large networks (32 small, 20 medium and 12 large network). English is the working language of 44 of them and Arabic of 8. Real estate and e-commerce are the sectors named most. Start with Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah and Ajman.
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View profile of UHY James Chartered Accountants LLCIt is the register of the natural persons who ultimately own or control the company. In the Dubai Development Authority's decision, a beneficial owner holds 25% or more of the capital or voting rights. The record must be filed with the Registrar within 60 days of licensing and registration.
Often the corporate secretarial firm, if renewals are part of its annual fee. Ask what the renewal covers, how far ahead you are warned and what extra government charges are passed on to you.
Most licences involve a registered office or desk arrangement, whose form depends on the authority and the licence. Ask the provider what address your licence requires and whether it appears on documents you give to banks.
General information, not legal or tax advice. Rules, rates and fees change: check them with the official sources linked on this page or with a qualified adviser before you act.