Offshore Company Formation in UAE

An offshore company is a company that does not carry any substantial business activiAn offshore company is a company that does not carry any substantial business activities in its country of formation. Literally, the word “offshore” means “beyond anything”. This means that this is an organisation outside the country, with no office in the territory nor is it engaged in business activities in the country. Usually, an offshore company is organized for the purpose of investment, financing, registration of patents, purchase of real estate and yachts and tax planning (both personal and corporate).

Offshore companies can eliminate or cut down many types of tax payments such as: Capital gains, V.A.T., Death duty, profits on business earnings and property sales.

Thanks to the transparency of the processes of registration and operation, offshore companies in UAE do not raise any concerns of fiscal authorities and international banks.

Benefits Of an Offshore Company in the UAE

100% foreign ownership
100% exemption from taxes / duties
100% ownership in Free Zones
No capital gains tax

Main Features Of A UAE Offshore Company

It does not need to have physical offices in the UAE
It may not carry on business within the UAE
It may not obtain UAE residence visa
It may have corporate shareholder/corporate director
It may have UAE resident as director or shareholder
It may have non UAE resident as director or shareholder
It does not require the shareholder/ director to be physically present in the UAE during the incorporation of the Company
It may own real estate in the UAE, with prior authorization from RAK Investment Authority
100% exemption from taxes / duties
It may maintain bank accounts and deposits in the UAE or any other jurisdiction
It may not do banking and insurance without special license
It is not obliged to maintain its books and records
It may hold shares in other UAE and worldwide Companies
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