Offshore Company

business-consultancy

Businesses that want to be registered in the United Arab Emirates, but do not intend to conduct any substantial business within the country, can opt for our International Registry Service. This service is particularly suitable for companies looking to minimize their overall tax liability, creating a company with a purely nominal equity INVESTMENT, seeking asset protection or in need of establishing an exchange-control trading vehicle.

Advantages and benefits:

  • Absolute privacy, confidentiality and protection of assets and information
  • 100% foreign ownership
  • Ability to maintain bank accounts in the UAE
  • Choice of law (common law, civil law or any jurisdiction of your choice)
  • Ability to issue multiple classes of shares, including Custodian shares and Restricted Bearer shares
  • Own real properties in the UAE
  • Minimum of 1 director required
  • No AGM or local director/shareholder requirements
  • Own intellectual property such as patents, trade marks and copyright
  • 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 Authorities.
  • 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.

100% foreign ownership of the offshore company is allowed and therefore there is no need for a UAE national to be a shareholder or sponsor.

The offshore company will be exempt from all corporate and income taxes. There are no foreign currency restrictions. Full repatriation of the offshore companies profits and capital is allowed. The setting-up costs are less that of an onshore company. There is no onshore office and accordingly, there are no employees and related costs. Only minimum capital is required to set-up an offshore company. The offshore company can own interest in real estate (as approved by the relevant authority where the offshore company is registered) in the UAE and can act as a Holding.

And the restrictions placed on Offshore Companies:

The offshore companies are restricted from carrying out activities in the UAE. The offshore company cannot carry on a banking business or undertake the business of an insurance or reinsurance company, insurance agent or an insurance broker. The offshore company cannot carry on any business which may be restricted by the relevant authority and its regulations under which the offshore company is established.