Our Offshore Jurisdiction: United Arab Emirates
United Arab Emirates (UAE) RAK Registration of offshore company
Business in United Arab Emirates Corporate Services and offshore in the United Arab Emirates (DUBAI)
Today the registration of offshore companies is one of the most popular and effective methods of tax planning,
which allows companies to simultaneously work in different countries, to reduce financial risks and to work in a favorable foreign exchange regime with no significant restrictions on the movement of capital. Equally important is the anonymity and privacy as well as fulfilling the requirements of the enterprise.
At Panama Offshore Services, we offer a variety of offshore jurisdictions, one of which is the United Arab Emirates which is favored due to its impeccable reputation. Due to the maximum transparency of the process of registration and operation, offshore in the United Arab Emirates does not cause bias of fiscal authorities and the international banks.
The advantages of an offshore company in the United Arab Emirates are:
- 100% foreign ownership
- 100% exemption from taxes/duties
- absence of restrictions on capital outflows
- there are no requirements for minimum capital
- it is not required to submit annual audit reports
- A corporate bank account in a bank in the UAE.
Limitations may include criteria such as the inability to rent an office in the country and get resident visas to the United Arab Emirates.
As a rule, to register offshore in Dubai the following documents required:
- a copy of the passport of the founder
- a recommendation letter to the bank
- proof of home address (receipt of payment of municipal services and taxes of any official document confirming the social activity with the name and address of the founder).
In the case of registering a company in RAK Offshore in United Arab Emirates, it is possible to open a bank account of the United Arab Emirates. RAK Offshore offers businesses and individuals a wide range of inclusive services and structures for non-residents. Offshore companies also benefit from one of the most comprehensive lists of agreements in the world, on avoidance of double taxation, including countries such as China, India, Italy, France and Germany, Belarus and the Ukraine.
Usually, companies in the offshore zone in the United Arab Emirates must end with one of the following words: Limited, Corporation, Incorporated, or their corresponding abbreviations. A license is required for companies with names such as Bank, Trust and Investment Fun etc. The names associated with the local authorities, government agencies or government, are disallowed.
In the United Arab Emirates you must have a minimum of two shareholders.
Legally the minimum share capital is not defined. The minimum number of shares issued is one share. Data on the beneficial owners are not of public record.
Company directors and secretary
The company registered in the United Arab Emirates must have at least one registered director. The requirement of residence is not stipulated. There is obligation to hold an annual meeting of the directors and shareholders.
Taxation, Report and Audit
International Business Companies registered in the United Arab Emirates, are exempt from taxes. The tax on stock transfer powers is 0%. Annual reports must be made but not publicly. An audit is only done if there is suspicion of criminal acts and on the request of local authorities.
The local agent / secretary
The company must have a registered agent where all the information in regards to the real owners and the shareholders must be kept.
The cost of incorporation
The costs of registering an international offshore company in the United Arab Emirates include the cost of registering the business of the company and its services, as well as additional services.
We can help you to promptly and professionally register an offshore company in the United Arab Emirates and in other popular international offshore countries.
Our Law Firm - Panama Offshore Registration can provide you with legal support services if you need to register a Company in United Arab Emirates (among other jurisdictions). The price of the Company registration in United Arab Emirates may change if you choose other additional legal services that you may require. For more information about the legal and business services offered by our Law Firm - Panama Offshore Registration please get in contact with our experienced consultants in Panama by calling us or by email. Our law firm looks forward to finding the right solution for your personal business needs.