Frequently Asked Questions

The timeline varies depending on the jurisdiction and license type. Typically, Mainland company setup takes 5-7 business days, Free Zone setup takes 3-5 business days, and Offshore setup can be completed in 2-3 business days. Our team will guide you through the entire process to ensure a smooth and timely setup.

Required documents typically include passport copies, visa copies (if applicable), proof of address, business plan, and any specific documents required by your chosen jurisdiction. Our team will provide you with a comprehensive checklist tailored to your specific setup type.

Mainland companies can conduct business anywhere in the UAE and with local companies. Free Zone companies offer 100% foreign ownership and tax benefits but are limited to operating within the free zone or internationally. Offshore companies are ideal for holding assets, international trading, and do not require physical presence in the UAE.

Corporate bank account opening typically takes 2-4 weeks, depending on the bank and completeness of documentation. We work with multiple banks and will help you choose the best option for your business needs while ensuring all requirements are met efficiently.

Required documents usually include company license, Memorandum of Association, shareholder and director passports, proof of address, business plan, and bank statements. Requirements vary by bank, and our team will guide you through the specific requirements for your chosen bank.

Yes, many banks in the UAE offer multi-currency accounts. We can help you identify banks that provide this service and assist with the application process. Multi-currency accounts are particularly useful for businesses with international operations.

VAT registration is mandatory if your annual taxable supplies exceed AED 375,000. If your supplies are between AED 187,500 and AED 375,000, registration is optional but recommended. We can assess your situation and guide you through the registration process.

The UAE Corporate Tax rate is 9% for taxable income exceeding AED 375,000 per year. Income up to AED 375,000 is taxed at 0%. All businesses must register for Corporate Tax, and we can assist with registration, compliance, and filing.

Corporate Tax returns are typically due within 9 months after the end of the financial year. VAT returns are usually due monthly or quarterly, depending on your registration. We provide ongoing support to ensure timely filing and compliance.

Legal advisory services are recommended for contract drafting, regulatory compliance, business restructuring, and protecting your business interests. Our legal team can provide guidance on various corporate legal matters to ensure your business operates within the law.

Yes, we offer comprehensive contract drafting and review services. Our legal team can review agreements, identify potential risks, and ensure contracts align with UAE regulations and protect your business interests.

Crest Formation provides end-to-end business solutions including company formation, business banking, offshore accounts, VAT and Corporate Tax registration, IT solutions, recruitment, audits, and legal advisory services. We are your one-stop partner for business setup, growth, and compliance.

Getting started is easy. Simply contact us for a free consultation, and our team will assess your needs, recommend the best jurisdiction and services for your business, and guide you through every step of the process. We handle all the complexities so you can focus on growing your business.

Yes, we provide ongoing corporate support including license renewals, compliance management, accounting services, and business advisory. Our dedicated relationship managers ensure you have continuous support throughout your business journey.