UAE offshore incorporation
makes easier for you to run your
business or asset ownership in the Middle East in the most profitable
manner. It has been estimated that 65% of the worlds hard currency is
held in offshore banks and that around 40% of world trade in goods are
transacted through offshore finance centre's. Offshore companies and/or
offshore trusts are not the illicit hideaways that many would have you
believe. They can in fact provide you with enormous tax savings and
asset protection in a legal manner if setup correctly. They can also
afford the ultimate beneficial owner a certain amount of anonymity.
For your offshore incorporation in UAE, there exist many service
providers offering a competitive offshore package. An offshore company must be registered through approved Registered
Agent. The office address of the Registered Agent is the registered
office of the 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.
UAE Offshore Incorporation - Features and regulations:
- The capital of the company can be any amount divided into any
denomination.
- The minimum number of shareholders and directors is one.
Directors or Secretary must be natural persons. No minimum capital is
prescribed. All shares must be fully paid when allotted. A company may
not create different classes of shares. Bearer shares cannot be issued.
Presently, joint shareholding is not allowed.
- 100% foreign ownership permitted and 100% tax and duty exemption
exists on UAE off shore incorporation companies.
- Opening a corporate bank account in 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.
For more information, click this link
+UAE Freezones
