Aspen Trust

General Information

• Type of Company – Free Zone Company (FZCO)
• Legislation – Civil Law
• Company name - Non-English names are not permitted
• Time-scale for incorporation – 5-8 working days
• Change in domicile is not permitted
• Double tax treaties concluded with 21 countries
• Shelf companies are not available
• Taxation on profits - Nil

Local Requirements

• Registered Office is required
• Company Secretary is required
• A Local secretary is not required
• Corporate directors are not permitted

Corporate Requirements

• Minimum number of shareholders - One (1)
• Minimum number of directors - Two (2)
• Minimum capital requirement - None.
• Standard Authorised Capital – US$1,000.
• Bearer shares are not permitted.

Annual Requirements

• Accounts and Audit records are required but not available to the public
• Annual return is not required and not available to the public
• Statutory accounting is required.
• Annual Government Registration fee is AED1,500