Offshore business setup and licensing
An offshore company may be owned by individuals or corporate, and may be a business entity that does not have significant business operations in the country of origin. An offshore company is a business entity formed within a minimum tax or non-tax jurisdiction to legally reduce tax payments and improve investor asset management. Offshore company forms are the most popular business setup forms in the UAE. An offshore company is an international business entity that does not pay taxes or low tax benefits. International offshore regulations do not require local shareholding in an offshore company, as opposed to companies incorporated in the mainland of the UAE, which requires mandatory local shareholding. An offshore company is a legal entity set up to operate outside its registered jurisdiction and / or as its sole proprietorship. A UAE offshore company with a trade or industrial license can only do business offshore or abroad.
Offshore company formation is the process of operating or managing outside the country where the company is registered or where the owners and shareholders reside. Emirates is helping to set up an offshore company in the UAE. Dubai offshore companies are not licensed to operate, which means they cannot manufacture, trade or perform professional services in the UAE. Offshore companies are also known as expatriate companies or international business companies, most of which go into international markets so such business gets more priority. UAE offshore companies can open bank accounts domestically or in any other country. The following section covers domestic banking aspects. The UAE Offshore License is the standard licensing option offered by the UAE authorities for companies to start business in Dubai in the UAE Offshore Zone.
What are the benefits of an offshore company license in the UAE?
Simple accounting and audit requirements
Easy Company Inc.
Future plans for business expansion.
100% foreign ownership
Low operating cost
Access to capital
Exemption from corporate taxes
No mandatory financial reporting
Setting up an offshore company requires only a minimum amount of capital.
There are no foreign currency restrictions
Formation of Offshore Company in UAE - Requirements
Copy of the passport of the applicant.
Bank reference letter.
Preparation of registration forms
A utility bill as proof of address
Preparation of Memorandum and Articles of Association
What are UBL CSP offers?
Registered Agent
Certificate of integration
Preparation of Memorandum and Articles of Association
Preparation of registration forms
Resolution appointing the first director
The decision to open a bank account
Decision to rent office
The resolution of the Power of Attorney in your favor
Resolution to appoint Company Accountant
Preparation of Incorporation Certificate
Assistance in opening a multi currency bank account
Filed with the Registrar of Companies
