18 Reasons To Act

Offshore Company UAE | 18 Points To Help You Act

Offshore company UAE: 100% ownership, no minimum share capital, yacht registration, copyrights, property-owning companies

offshore company UAE: The main objective of this article is to expose to you by the characteristics of offshore companies and then mentioning the practical uses of offshore companies in the United Arab Emirates (UAE).

Please invest 2 minutes of your time to watch the video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below:

Offshore company UAE: Get a free quote now by filling in the box on the right and know important points to help you act

The last paragraph shows that upon the decision to open offshore companies, you will need an offshore company registration agent for company formation.

Offshore company UAE: Main characteristics

  • 100% ownership by foreign shareholders, legal and physical persons
  • Complete local tax exemption
  • No requirements for minimum share capital
  • No restrictions on capital and profit expatriation systems
  • No government regulations on confidentiality (limited to non-criminal)
  • International trading, especially where the owner has no fixed home
  • Asset protection solutions
  • Captive insurance
  • Yacht registration for your marine vessel
  • Protection of intellectual property and products
  • Succession planning and management

Why are offshore companies so beneficial?

Offshore companies are beneficial for many purposes including the following:

  • Employment of expatriate staff

Attractive for expatriates working in politically unstable zones. It can minimize tax auditing and avoid exchange control difficulties in your country of temporary residence

  • Investment companies

Offshore jurisdictions are typically less invasive allowing for aggressive and an unrestrained free enterprise system with no fees

Offshore Company UAE | 18 Points To Help You Act

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Offshore company UAE: Get a free quote now by filling in the box on the right and know important points to help you act

  • Privacy

Many jurisdictions require company accounting records and documentation to be published, but offshore jurisdictions offer privacy as they do not require offshore companies to publish accounting records, and the names and details of their shareholders and established authorities

  • Protection

To protect retirement funds from bankruptcy or suit. To provide for the transfer of assets to the next generation operated in an efficient and discreet manner

  • Copyrights, patents, and trademarks

Offshore companies can purchase or be assigned the right to use copyrights, patents or trademarks internationally

  • Consultancy, professional services, agency

Professionals, consultants, accountants, artists, and many self-employed individuals decide to incorporate a business representing their services to gain substantial advantages by working as employees or external consultants of offshore companies. They may be the sole shareholders and, if they want to, the sole directors of the firms

  • Property owning companies

Using an offshore holding company for the purpose of holding property has advantages like avoidance of inheritance tax, capital gains tax and the ease of sale which can be achieved by transferring the company owning the property instead of the property itself

Offshore Company UAE | 18 Points To Help You Act

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Offshore company UAE: Get a free quote now by filling in the box on the right and know important points to help you act

The United Arab Emirates has a long-standing reputation of a solid and tax-free district. Due to compliance with all international laws regarding money laundering, the UAE has never been blacklisted as a country failing to comply with such regulations. In spite of the absence of taxes, they were never considered by international anti-money laundering organizations as an offshore jurisdiction.

Offshore companies registered in UAE today are one of the most developed protection instruments of confidentiality and investors rights. Also, the UAE has a solid and stable banking system that has been operating internationally for years.

The time required for offshore company incorporation in the UAE is around 4 business days once the documentation is completed.

Account opening takes between 1 to 3 weeks including the time required for a bank to activate online banking access and making funds accessible.

Company name choices must be initially verified with the registrar. The company name must not include the following words: insurance, bank, building a society, cooperative, fund, Municipal, Chamber of Commerce, trust, Royal, chartered, finance, mutual fund, Emirate, and Emirates. This is different in the western world.

Shareholders and directors of the company can be physical persons as well as legal entities without any limitations on residency or citizenship in these areas.

Companies’ register with the data on directors and shareholders is not public.

Memorandum and Articles are provided in English.

Restrictions

  • An offshore company cannot carry out any business activities on the territory of UAE except opening a bank account and purchase of the real estate
  • An offshore company UAE, in distinction to an onshore company in a Free Trade Zone, does not give the right to receive a residency visa in the UAE

Documents required for registration

  • Passport copies of shareholders and directors
  • Bank recommendation letter
  • Confirmation on the resident address of shareholders and directors – utility bills, a statement from the account with a residential address
Offshore Company UAE | 18 Points To Help You Act

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Offshore company UAE: Get a free quote now by filling in the box on the right and know important points to help you act

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18 Reasons To Act was last modified: June 18th, 2019 by Manu Raj

Manu Raj

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