Offshore Company Setup in UAE
What makes an offshore company in UAE unique?
- UAE is an independent or ‘overseas’ territory and is white-listed.
- UAE has Double Taxation Avoidance Agreements (DTAA’s) with several countries, currently more than 40.
Benefits of UAE offshore company
- 100% foreign ownership is allowed.
- No necessity for finding a UAE national a shareholder or sponsor.
- There is no public register of company officers.
- Complete anonymity and privacy.
- Company can own real estate properties on approved areas by the Authority.
- Hold multi-currency bank accounts.
- The offshore company is exempted from all corporate and income taxes.
- There are no foreign currency restrictions.
- Full repatriation of the profits and capital is allowed.
- The setting-up costs are comparatively less.
- There is no onshore office and accordingly, there are no employees and related costs.
- Only minimum capital is required to set-up an offshore company.
- Minimum of 1 Director / Shareholder.
There should be a registered agent that is approved by the authority and they are eligible to form the offshore company. The agent will have to be located either in the free zone itself or in the UAE.
HLB Hamt is a registered agent and one of the market leaders in offshore business consultancy offering solutions to clients looking to minimize taxes, protect assets and limit liabilities.
- Registered Office with PO Box.
- 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.
- While associating with HLB Hamt, you get the combination of our in-depth local expertise and extensive experience, which gives us the ability to precisely understand the unique needs of your business. We are thus, able to recommend the best possible options and ensure that your business is set up with minimal hassles and effort.
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