FAQs

Have questions about business setup, compliance, or regulatory frameworks in the UAE? Our FAQs provide clear, concise answers to help you understand our services and processes better.

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How long does it take to set up a company in the UAE?

Depending on the jurisdiction (Mainland, Free Zone, or Offshore), company setup can take anywhere from 3 to 10 working days once all documents are submitted.

What are the key documents required for company incorporation?

Typically, a valid passport copy, proof of residence, and a business plan are required. Additional documents may vary depending on the chosen jurisdiction.

Can a foreign national own 100% of a UAE company?

Yes, in most Free Zones and certain Mainland activities, foreign investors can hold 100% ownership.

Why is compliance important for UAE companies?

Compliance ensures that your business operates within UAE’s legal and regulatory framework, avoiding fines, license suspension, or reputational risks.

What does an MLRO (Money Laundering Reporting Officer) do?

The MLRO ensures the business has systems to detect and report suspicious activities, protecting it from money laundering and financial crime risks.

Does every company in the UAE need compliance services?

Entities in regulated sectors such as finance, real estate, or consultancy are required to meet strict compliance standards. However, compliance best practices are recommended for all businesses.

Is accounting mandatory for UAE companies?

Yes, companies registered in the UAE are required to maintain proper books of accounts and financial statements.

What is the UAE VAT rate?

The standard VAT rate in the UAE is 5%. Certain goods and services may be zero-rated or exempt.

Who is required to register for Corporate Tax in the UAE?

All UAE companies (Mainland and Free Zone) must assess their obligations under the Corporate Tax law. Registration is mandatory, though some Free Zone entities may qualify for exemptions.

Can Triam Group help with opening a bank account?

Yes, we provide complete assistance in bank account opening by preparing compliance documents and coordinating with banks.

Do you assist with visa processing for shareholders and employees?

Yes, we handle investor, partner, and employee visas as part of our end-to-end company setup services.

Why choose Triam Group?

With deep expertise in company formation, compliance, and tax advisory, Triam Group ensures seamless business setup and ongoing support, allowing you to focus on growth while we handle the regulatory side.