Nominee Service Solutions in the UAE

SORP Group provides suitably qualified personnel to fulfil corporate roles as nominees.
They can represent the company in front of the authorities, for example to obtain
licenses and to prove that the company has economic substance in the UAE.
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www.sorp.ae
Using nominee services to fulfil corporate functions is a very common and useful practice when incorporating in the UAE. Local UAE nationals are required by law to occupy some corporate roles in certain scenarios. They can also act as nominee directors, shareholders, nominal staff and more while having no beneficial or executive rights in the company but solely carrying out the directions of the beneficial owners who may live abroad. Nominees can shield the identities of beneficial owners from non-governmental inquirers and confirm that the business is managed from the UAE in order to comply with the Economic Substance Act.

You might need Nominee Services for your UAE
business to perform the following tasks:

To register a
mainland company
Provision of a local partner or agent
as well as other nominal suitably
qualified staff needed to fulfil the
licensing criteria for a company.
  • To obtain a commercial or industrial license the company must have a UAE national and resident shareholder who holds at least 51% of the shares.
  • To obtain a professional license the company must contract a local UAE agent, who is not a shareholder, to perform the application process.
  • To obtain some special licenses the company must agree labor contracts with staff who are UAE residents with verifiable relevant education and work experience.
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To confirm economic
substance
Provision of a nominee director and
nominal staff to prove economic
substance in the UAE and that the
company is managed in the UAE.
  • Senior management who reside permanently in the UAE proves that the businesses are actually managed from within the territory of the Emirates.
  • Having UAE residents as key employees of the company proves that the vital control and management decisions occur in the Emirates territory.
  • Outsourced technical staff employed in the UAE proves the rationale for the economic substance of the company in the Emirates.
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To perform special
functions and tasks
Nominee services help to keep
beneficiaries’ information, and their
interest in a business, confidential,
and to hold non-affiliated entities.
  • Having nominee directors submit documents to trading partners means information about the actual owners will not be revealed.
  • Increasing the shareholding of the nominee shareholders in a business makes it possible to avoid the requirement of a CFC declaration.
  • Nominee services make it possible to use the transfer pricing principle and perform settlements between affiliated entities.
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All SORP Group’s services are highly professional and fully licensed. Before beginning a client engagement we sign a Non-Disclosure Agreement. Nominee relations are formalized under executive Nominee Services Agreements that ensure safety for both parties and are drawn up in accordance with the standards for international expertise.

SORP Group’s solutions for comprehensive
support of your company in the UAE

Company registration
and obtaining
relevant licenses
We are registration agents for
several Free Zones. SORP can
process incorporation quickly
and smoothly, and for local
(mainland) businesses too.
Renewing your
company’s business
licenses
We can represent you in front of
relevant regulating UAE authorities
for the obligatory annual renewal
of licenses and all permissions to
operate your business.
Registered
address in Dubai
for your business
Rent an office or a flexi desk
in our 54000 sq. feets of prime
office space. Get a prestigious
address, help with licensing and
space for staff in SORP BC.
Opening corporate
bank accounts in the UAE
We guide you through Know Your
Customer procedures with your
choice of leading UAE banks. Our
know-how gets things done fast
with top quality support.
Confirmation of the
company’s economic
substance
Proof of conducting an economic
activity at the place of registration,
ownership of a local management
control unit and tax residency (tax
domicile) confirmation.
Outsorcing the
company’s admin
business processes
It makes sense to use SORP’s
expert professional administrative,
recruiting, accounting, PRO and tax
competencies, saving the cost of
employing highly-paid personnel.
Ask about our expert services

Make best use of SORP’s special
crisis-management solutions

Free

Local agent or partner

Provided for a one-year period when
setting up a company and renting an
office in our Business Center

30% discount

Outsourced services

Tax, accounting and legal support,
assistance in obtaining a residency
visa in the UAE

Free

‘Virtual Office’ package

Provided to hold meetings with
partners if ordering the nominee
services offered by SORP Group.

SORP Group is your reliable partner ready to assist
you in starting a successful business in the UAE

Comprehensive services

SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country

Individual approach

Your requirements are unique. That is why we treat every business individually to tailor the right services to achieve your priorities.

15 years of successful work

We have helped thousands of clients acquire, build and develop businesses in the UAE

Banking support

Assistance in choosing a bank that is suitable for your purposes, support with bank accounts opening and passing KYC procedures (know your customer).

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