IFZA Company With Nominee Director and Shareholder
The investor needed a UAE company without his name in public records — and full control over both the company and the bank account. Here is how that works lawfully.
Cost breakdown
Nominee service is payable annually together with the license renewal.
The task
An investor wanted to set up a UAE company for marine supply work, but did not want his name appearing in the public licensing register. At the same time he needed a corporate bank account under his own control.
- Lawful structure. It has to comply fully with UAE requirements. Nominee service does not conceal the beneficial owner from regulators or banks.
- Protecting the investor. He must retain full control over the company and its assets.
- Bank KYC. The bank verifies the real owner regardless, so the account is opened in the beneficiary's name, not the nominee's.
What We Recommended — and Why
Consultation
We mapped the investor's objectives and explained exactly what is disclosed and to whom.
Protective documents
We executed a Declaration of Trust and powers of attorney in the investor's favor.
Nominee servicesBank account
Documents in 2 business days, approval in 2 weeks, account opened in the beneficiary's name.
Corporate bank accountFrom First Call to Fully Operational
- Week 1 Consultation, structure chosen, documents filed with IFZA
- Week 2 License issued, protective documents executed
- Week 3 Beneficial owner filed with the closed UBO register
- Week 4 Corporate account opened in the beneficiary's name
What the Client Received
Deliverables
- Consultation on the ownership structure
- IFZA license with nominee director and shareholder
- Declaration of Trust
- General power of attorney for the investor
- Beneficial owner filed with the UBO register
- Corporate account in the beneficiary's name
Frequently Asked Questions
Yes, provided the beneficial owner is disclosed to the UBO register and to the bank. A nominee structure provides confidentiality from third parties, not from the state.
Through the Declaration of Trust and a general power of attorney.
The beneficiary's. The bank verifies the real owner in any case, so concealing him from the bank is not possible.
In this case AED 16,515 per year for a director and a shareholder, payable annually with the license renewal.
An investor visa is issued to the shareholder. Where a nominee is recorded as shareholder, other routes apply — an employment visa, for example.
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