Offshore Company Formation in UAE

Offshore mean setting, executing, investing, and running your business in foreign countries with financial, legal and tax benefits. CBD Accounting and Tax Consultant offer their services for offshore company formation in Dubai, UAE. In offshore company formation, the organization is operated and executed from outside of the country where it is registered.

BENEFITS OF OFFSHORE COMPANY FORMATION IN UAE

1. Exclusion from Corporate Taxes

There is no more personal tax or corporation tax imposed by the UAE government with few exceptions, such as foreign banks and oil.

2. Complete Foreign Ownership

In offshore company formation, there is no need for local shareholding as opposed to the companies incorporated in the mainland UAE, which requires compulsory local shareholding. Hence, foreign investors may have 100 percent ownership.

3. Simple Registration Procedures and Cost Efficiency

The enlistment process is easy and it can be completed within 3 to 4 working days after submitting the required documents. Incorporation cost is lower than the entity incorporated in the free zone.

4. Low Operational Costs

Offshore Companies are not dependent upon any registration conditions with respect to the leasing of premises, the arrangement of guarantees and the work of staff.

5. Share Capital

In an offshore company, there is no requirement for any minimum share capital.

6. Transferable Shares

The shares in the offshore company are easy and transferable.

7. Limited Liability

The obligation of investors in an offshore organization is constrained to their capital in the capital of the organization. The guideline requires that the name of the offshore organization will end with "Limited".

OFFSHORE COMPANY FORMATION IN UAE – REQUIREMENTS

Offshore Company arrangement UAE process is started by at least one person, who might be either regular or juristic, presenting a signed application form to the registrar center of offshore organizations, together with the significant recommended supporting documents.

The following documents are needed to submit to the registrar for the offshore company formation process:

1. For the individual applicant:

• Applicant’s personal profile

• Applicant’s passport copy

• Bank’s reference later

• Proof of residence

• Passport copy of director. (shall be one director minimum, a shareholder can also become a director)

• Power of Attorney to pursue the incorporation process.

2. For the corporate applicant:

• Organization’s registration certificate that is legalized and attested by the UAE Embassy/ Consulate in the country of origin.

• Good standing certificate of the company.

• Articles and memorandum of the association

• Letter of bank reference

• Board resolution calling for the establishment of an offshore company, the appointment of directors (minimum one director) and appointing our office as the company legal representative.

An offshore company receives a registration number and a certificate of incorporation evidencing by the registrar after submission of all the required documents and fees.

CBD Accounting and Tax Consultant is a registered accounting and tax agent that offer their services for minimizing the taxes, protect assets and limit liabilities.

WHAT WE OFFER?

• Registered Office with PO Box

• Registered agent

• Preparation of Memorandum and Articles of Association

• Preparation of registration forms

• Preparation of Incorporation certificate

• Assisting in opening a multi-currency bank account

• Filing with the registrar of companies