UAE offshore company formation

Dubai is a perfect destination in which to form an UAE offshore company for many reasons, but it is important to know that there are two entrepreneurial formats in this country.

The advantage of the United Arab Emirates as an offshore financial centre is based on tax exemption. It is also worth remembering that this offshore jurisdiction is not considered a tax haven, which has allowed it to sign some 47 double taxation agreements with other countries.

UAE offshore company incorporation is certainly very attractive, but we recommend forming a company in a Free Zone .

Starting a business in a free zone allows you to gain residency in the United Arab Emirates in addition to being able to operate there. But most importantly, companies created in the free zone can take advantage of double taxation agreements, while offshore companies do not enjoy this benefit.

United Arab Emirates (UAE)

The United Arab Emirates is a sovereign country or federation of the Middle East, located on the Arabian peninsula, whose form of government is federal constitutional monarchy. Its territory is made up of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm Al Quwain. It has borders with Oman to the southeast, with the Persian Gulf to the north and with Saudi Arabia to the west and south.

Oil is the main source of income and makes up a significant part of its GDP. The United Arab Emirates is the 30th largest world economy by GDP, and the human development index prepared by the United Nations ranked it #38 out of 178 countries in 2013.

UAE offshore company incorporation service fees

100% online.

3 – 4 days formation process.

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USES OF AN OFFSHORE COMPANY IN THE UNITED ARAB EMIRATES (UAE)

  • INTELLECTUAL PROPERTY

    A good choice for managing and collecting commissions or royalties related to intellectual property.

  • BUSINESS AGENCY

    A good choice to be part of an agency contract with another group company in the European Union (England, Cyprus, etc.).

  • Holding

    A holding is a parent company whose purpose is to bring together partners or shareholders who wish to acquire a significant influence in other companies.

  • INTERNATIONAL TRADE

    A favorable and suitable jurisdiction for carrying out activities such as e-commerce, import/export, and/or professional services, with income tax exemption.

  • CONSULTING ACTIVITY

    The most favorable jurisdiction for the creation of a consulting company.

  • LOGISTIC

    The UAE is considered a crossroads that connects Europe, Africa, Asia and the Middle East. It is a very good option to create a logistics or transport company given the geographical location and the infrastructure that the country has.

ADVANTAGES OF SETTING UP AN OFFSHORE COMPANY IN THE UNITED ARAB EMIRATES (UAE)

  • Capital

    No capital release requirement when setting up a company.

  • ACCOUNTANCY

    No accounts to file. However, keeping accounting books is mandatory.

  • RESIDENCE

    No restrictions regarding residence or nationality of shareholders and/or directors. For onshore companies, you must have a shareholder (49% of the shares) resident in the Emirates.

  • CORPORATE TAX

    Exemption from profit tax, income tax, capital gains tax and inheritance tax.

  • ANONYMOUS BANK ACCOUNT

    Possibility of having a bank card and an anonymous offshore bank account.

  • CONFIDENTIALITY AND STABILITY

    With flexible legislation, Dubai is not considered a tax haven according to the OECD and FATF. Politically stable and benefiting from bureaucratic ease, creating an offshore company guarantees the secrecy and confidentiality of investors.

Dubai offshore company incorporation

UAE offshore company main characteristics

Incorporation time frame 3 – 4 working days
Type of business entityIC, FZE, FZC, DMCC
Corporate tax 0 %
ISO standardsAvailable
Exchange controlsNo
Information concerning ShareholderDisclosed
Information concerning directorsDisclosed
Nominees servicesAvailable
Financial licenseAvailable

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