Offshore Company Formation
A UAE offshore company has the capacity and privileges of a natural person. Regulations have been framed to deliver the convenience and efficiency of global offshore locations while maintaining a high reputation with international financial authorities.
Advantages of UAE Offshore Company
UAE Offshore Companies portray a good image to clients. They do not have tax haven stigma attached to them.
No Minimum Capital Requirement
100% Tax/Duty Exemption
100% Foreign Ownership Permitted
Dubai Offshore Bank Account
Anonymity
No Accounting or Reporting Requirements (no fees for accountants)
No Auditing
No Requirement to Deposit the Capital in the Bank
Nominee Services through Lawyers
Privacy Protection
The Offshore Company can own Real Estate Properties in UAE
An offshore company is a company which does not conduct substantial business in its country of incorporation and is formulated in a law of no tax jurisdiction for the purposes of legally minimizing any type of tax payment and improving one's wealth management.
Primarily one would open an offshore company to gain confidentiality over their financial affairs and grow wealth without intrusion.
Offshore companies can eliminate many types of tax payments such as:
Capital Gains
Profits on Business Earnings
Property Sales
V.A.T
An offshore company legitimately assists you in gaining confidentiality over your financial affairs and growing your wealth.
Why Choose to Establish Offshore Company in UAE
The United Arab Emirates have long-standing reputation of a solid and tax-free jurisdiction. Due to the compliance with all international requirements on anti-money laundering the UAE have never been black listed as a country failing to comply with such regulations. In spite ofthe absence of taxes, they were never considered by international anti-money laundering organizations as an offshore jurisdiction.
UAE is not a dependent or 'overseas' territory of another country. Pressure has been put on traditional low tax jurisdictions by the Commission of the European Community (EU) in conjunction with the Organization for Economic Cooperation and Development (OECD). The UK parliament has converted British Dependent Territories to British 'Overseas' Territories (in 1998). The UK government may apply greater control over its tax haven progeny (ie Bermuda, BVI, Caymans, Gibraltar, Turks & Caicos)
UAE has Double Taxation Avoidance Agreements (DTAA) with a number of countries Double taxation agreements prevent individuals and corporations from being susceptible to paying tax on the same item during the same time period. These agreements determine which of the two states concerned should levy tax in a particular situation: Austria, Azerbaijan, Bangladesh, Belgium, Belorussia, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Columbia, Cyprus, Czech, Egypt, Finland, France, Georgia, Germany, Greece, Holland, Hong Kong, India, Indonesia, Italy, Japan, Jordan, Korea, Lebanon, Libya, Luxemburg, Malaysia, Malta, Mauritius, Mongolia, Morocco, Mozambique, New Zealand, Pakistan, Poland, Romania, Russia, Seychelles, Singapore, South Korea, Spain, Sri Lanka, Sudan, Switzerland, Syria, Tajikistan, Thailand, Tunis, Turkey, Turkmenistan, Ukraine, Uzbekistan, Venezuela, Vietnam, Yemen.
UAE is not a member of the Organization for Economic Cooperation and Development (OECD) No foreign exchange of information. The UAE did not sign the directive and the agreement with the OECD (Organization for Economic Co-operation and Development). In relation to this fact the offshore companies registered in UAE today are ones of the most effective protection instruments of confidentiality and investors rights. In addition to it, the UAE has solid and stable banking system.
UAE is not on the OECD 'blacklist' of tax havens (nor the FATF blacklist)
UAE is not a member of the EU, and is not subject to EU regulation
Main features of UAE OFFSHORE COMPANY
• It does not need to have physical offices in the UAE.
• It may not carry on business within the UAE.
• It may not obtain UAE Residency Visa.
• It may have non UAE resident as director or shareholder.
• It may have UAE resident as director or shareholder.
• It may have corporate shareholder/corporate director
• It does not require the shareholder/director to be physically present in the UAE for incorporation
• It may own real estate in the UAE, with prior authorization from the Government.
• It may not do banking and insurance business without special license.
• It may maintain bank accounts and deposits in the UAE or worldwide.
• It is not obliged to maintain its books and records.
• It may hold shares in other UAE and worldwide companies.
• It may own yachts registered in the UAE.
Activities of OFFSHORE COMPANY
Activities held Outside UAE
• General Trading
• Consulting and Advisory Services
• Holding Company (Buy/Hold/Sell stakes of companies)
• Investments and Joint Investments Company
• Property Owning
• International services
• Professional Services
• Shipping and ship management companies
• Commission Agents Company – Intermediary Brokers (IB's)
Activities held inside UAE
• Holding Assets
• Invoicing
• Holding Bank Account
• Intellectual Property
• Property Owning (Freehold Areas)
Requirements for OFFSHORE COMPANY
1). Individual applicant:
a). Passport copy of applicant
b). Two (2) bills as proof of residence, like electricity, telephone, water, car rental, internet, etc..
c). Original bank reference letter
2). Corporate Applicant:
a). Certificate of registration of the company duly attested by the UAE Embassy / Consulate in
the country of origin.
b). Two (2) bills as proof of residence (for the company and for the directors), like electricity,
telephone, water, car rental, internet, etc..
c). Original bank reference letter (for the company and for the directors).
d). Memorandum and Articles of Association of the company duly attested by the UAE Embassy/
Consulate in the country of origin.
e). Board resolution calling for the establishment of an offshore company and appointing our
office as the company legal representative duly attested by the UAE Embassy / Consulate in the
country of origin.
In addition the above documents will also require notarization and legalization from the
Ministry of Foreign Affairs in UAE.
OFFSHORE COMPANY PACKAGE
1. Exclusive Consultancy on Company Incorporation
2. Consultancy on Corporate Affairs
3. Legalization of the Documents in the UAE
4. Memorandum of Association
5. Perform all documentation, submission and approvals from all Departments
6. Prepare the Company Stamp
7. Assisting in the Opening of the Company Bank Account