OFFSHORE COMPANY FORMATION IN DUBAI

OPENING AN OFFSHORE COMPANY IN DUBAI, UAE

Our advisors will work with you in opening an offshore company in UAE as well as opening a Dubai bank account for the company in a well-established bank. We have a wide variety of bank choices in UAE and abroad with different features such as minimum balance, personal presence when opening the bank and available banking services, etc.

Opening an offshore company in Dubai is viewed as the best way achieving effective tax planning and protection of assets.

An offshore company in Dubai differs considerably from other countries’ jurisdictions which also provide for the setting up of offshore companies.

Major features of offshore companies in Dubai:

  • Full  foreign ownership  by legal and physical persons;
  • Full tax exemption;
  • No minimum share capital requirement for offshore companies in Dubai as well as allover UAE;
  • No capital and profits expatriation restrictions;
  • Beneficial confidentiality regulations;
  • Companies’ Registry with directors’ and shareholders’ data is private.
Register your company
 

EXAMPLES OF CASES IN WHICH OFFSHORE COMPANIES REGISTERED IN FTZ OF THE UAE ARE USED

  • Trading;
  • Consulting;
  • E-commerce;
  • Holding  assets abroad;
  • Holding and management of real estate property in the UAE.
 

THE UNITED ARAB EMIRATES

The UAEs have a well found reputable tax-free jurisdiction. In line with international requirements on anti-money laundering compliance, the United Arab Emirates has never been pointed out for failing to comply with these regulations. Despite there being no taxes, the  country did not receive any consideration as an offshore jurisdiction by  international anti-money laundering  organizations and thus using such company for purposes  of tax planning and international business is highly advantageous.

The United Arab Emirates did not append its signature on the directive and agreement with Organization for Economic Co-operation and Development (OECD). In respect to this, offshore companies registered in UAE presently are rightfully considered as the most reliable confidentiality and investors’ rights protection instruments. Additionally, the UAE has a well-established banking system that suits the business of offshore companies in UAE.

What’s more advantageous is that the UAEs are highly reputable as a strong international business player as well as a developed business hub that provides an economically viable base for thousands of companies from all over the globe.

In conjunction with opening a n offshore bank account in Dubai either in a local or international bank in UAE’s territory, offshore companies offer a viable alternative as compared to conventional offshore jurisdictions. They provide the required confidentiality levels and high quality banking services whose fees are acceptable.

 

OPENING AN OFFSHORE COMPANY IN DUBAI

Offshore company formation in Dubai takes about 2 working (business) days. Opening an offshore bank account in Dubai takes just a few banks depending on the bank of choice thereby making it easy to buy an offshore company and open a bank account for the company within a week.

Company name – The company’s name needs to be verified with the registrar initially.  The company’s name should not be inclusive of these words: bank, building society, insurance, fund, cooperative, Municipal, Chamber of Commerce, Royal, trust, chartered, finance, mutual fund, Emirate and Emirates. At the end of the company’s name, it should have “Incorporated” or “Ltd”. The company name is supposed to ideally reflect the activities of the company with this obligation not strictly for offshore companies.  In the case that you have your personal company name suggestions, we will check their availability with the registry. If in case you need suggestions on the company’s name, feel free to send us brief descriptions of the proposed company activities and we will send you some name suggestions for your review.

Shareholders and directors – can either be physical persons or legal entities without any residency or citizenship limitations.

Privacy – Companies’ Registry with directors’ and shareholders’ data is private.

Memorandum and Articles – They come in English language which is very ideal for international business.

UAE’s offshore company restrictions – Offshore company cannot undertake any business activities on UAE’s territory other than offshore bank account in Dubai and purchasing real estate. In distinction to an onshore company in Free Trade Zone, an offshore company does not give rights on receiving a UAE’s residency visa.

 

NECESSARY KEY DOCUMENTS FOR OFFSHORE COMPANY FORMATION IN DUBAI, UAE

  • Copies of shareholders and directors’ passports;
  • Bank reference letter;
  • Resident address of the shareholder confirmation documents-utility bills, account statement with residential address.