WHAT IS OFFSHORE COMPANY?
Offshore company means the company which is operated or managed outside of the country in which it is registered or the owners and shareholders have residence.
UAE offshore incorporation helps you to run your business or asset ownership in the Middle East in the most profitable manner. Especially because you avoid the cumbersome process of having the offshore incorporation company documents attested by various embassies and Ministries of Foreign Affairs.
As UAE offshore incorporation requires an agent, you will need to choose one in order to register your company. The offshore package offered by any service provider stipulates that the agent representing the service provider would act as a link between the newly formed offshore enterprise and the local government.
Dubai offshore Company requirements
The capital of the company can be any amount divided into any denomination.
- The minimum number of shareholders and directors is one.
All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. However, there is no requirement to deposit the capital in bank.
100% foreign ownership permitted and 100% tax and duty exemption exists on UAE off shore incorporation companies.
- Opening a corporate bank account in a bank at Dubai, UAE is permitted.
A registered agent (legal firms, auditors, consultants) is required to be appointed by the Company from the approved list of registered agents maintained by UAE Free Zone.
- The Offshore domicile is located in the UAE Free Zone.
The investors need not visit the authority to incorporate the company, however, the documents need to be signed in the registered agent’s office.
- Audited financials will be requested only in case of suspicion.