Offshore Company Formation
Offshore Company Formation
WHY SETUP AN OFFSHORE COMPANY IN THE UAE?Going offshore is the post modern popular way of managing business as they offer excellent and tax-efficient strategies for entrepreneurs. Important prima facie benefits are freedom of operations, confidentiality and ease of running business.
As "tax-free" business territory, UAE is one of the well- known jurisdictions in the world for incorporating offshore companies.
UAE offshore incorporation helps you to run your business or asset ownership in the Middle East in the most profitable manner. Especially because you avoid the cumbersome process of having the off shore incorporation company documents attested by various embassies and Ministries of Foreign Affairs.
What makes offshore company in UAE unique?
- UAE is independent or ‘overseas’ territory and white-listed.
- UAE has Double Taxation Avoidance Agreements (DTAA’s) with several countries, currently more than 40.
- 100% foreign ownership is allowed
- No necessity for finding a UAE national a shareholder or sponsor
- There is no public register of company officers
- Complete anonymity and privacy
- Company can own real estate properties on approved areas by the Authority
- Hold multi-currency bank accounts
- The offshore company is exempted from all corporate and income taxes
- There are no foreign currency restrictions
- Full repatriation of the profits and capital are allowed
- The setting-up costs are comparatively less
- There is no onshore office and accordingly, there are no employees and related costs
- Only minimum capital is required to set-up offshore company.
- Minimum of 1 Director / Shareholder.
- Registered Office with PO Box
- Registered agent
- Preparation of Memorandum and Articles of Association
- Preparation of registration forms
- Preparation of Incorporation certificate
- Assistance for opening multi-currency bank account
- Filing with the registrar of companies