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Asset Publisher

Asset Publisher

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Registration of Private Joint Stock Company

This service allows submitting a request to establish a private joint stock company. According to the certificate of incorporation, an economic license is issued by the competent Department of Economic Development in the relevant Emirate. The company is then registered in the Register of Private Joint Stock Companies with the Ministry of Economy and a registration certificate is issued accordingly.

Service Fees

Service fee: AED 15,000
Payable in two stages:

  • Fees for establishing a Private Joint Stock Company: AED 7,500. In case of in-kind shares valuation, an additional AED 3,500 fee shall be paid.
  • Fees for registering a Private Joint Stock Company in the Companies Register: AED 7,500

Conditions and Requirements

    • The company's capital shall not be less than AED 5,000,000 unless the company's activity requires higher capital.
    • The date, time, and place of the meeting of the Constituent Assembly shall be specified.

Required Documents

    First Stage:

    • Economic feasibility study on the establishment of the company expected profits and economic feasibility.
    • A bank certificate stating the deposit of the entire capital, which must not be less than five million dirhams unless the company's activity requires higher capital.
    • A copy of the certificate of reservation of the company's trade name issued by the competent authority.
    • A copy of the undertaking by the founders to complete the procedures for registration.
    • A copy of the approval of other concerned authorities in the State in the event that the company's activity is subject to those authorities (if any).
    • A copy of the no-objection of the Department of Economic Development in the relevant Emirate to approve the establishment of the company.
    • A copy of the Draft Articles of Association.
    • A copy of the Draft Memorandum of Association.
    • A copy of the CVs and IDs of the founders/shareholders.
    • A copy of valid business IDs or licenses of the founders/shareholders.
    • A copy of the identities and attestations of members of the Board of Directors.

     

    Second Stage:

    • A copy of the Articles of Association duly authenticated by a notary.
    • A copy of the Memorandum of Association duly authenticated by a notary.
    • A copy of the meeting minutes.

     

    Third Stage:

    • A copy of the economic license.

Steps and Procedures

  • 01

    Choose the service from the list of E-Services.

  • 02

    Sign in with UAE PASS.

  • 03

    Fill in the application data and attach documents.

  • MoEc

    Audit & review by the Ministry.

  • MoEc

    Ensure that the Ministry attends the meeting.

  • 04

    Submit the requirements for establishing the system.

  • MoEc

    Audit & review by the Ministry.

  • 05

    Pay the establishment fee (AED 7,500).

  • MoEc

    Issue a certificate of establishment of a joint stock company automatically from the system.

  • 06

    Submit the requirements for registration on the system.

  • MoEc

    Audit & review by the Ministry.

  • 07

    Pay the registration fee (AED 7,500).

  • MoEc

    Issue a registration certificate automatically.

Service Type

Procedural

Average Duration for Service Delivery

3 working day        

Service Provision Channels

  • MoE website
  • MoE smart app

Target Audience

Private joint stock companies (or agents thereof)      

Service Provision Timings

24 Hours

Contact Details

Call Center

Phone

8001222

Email

info@economy.ae

Communication Channels

Call centre and customer protection
 

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