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.
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.