Benefits of UAE Offshore Company Formation

Setting up an Offshore Company in UAE will benefit you, and is particularly useful if you are considering or want to achieve any of the following:​

• There is no public register of shareholders and directors

• A UAE Offshore Company is quick to incorporate. It usually takes just a few working days

• Tax-Free economy with no capital gains, company, or income tax

• Simple reporting and regulatory requirements

• Suitable for any kind of international business

• A high degree of privacy for corporate information

• Companies may own investments (assets, real estate, cash, shares)

• No office space required

• Multi-currency bank accounts

Uses of an Offshore Company

Like most other companies, an offshore company may enter into contracts, open bank accounts, purchase and sell various products and services, and own property. A typical offshore entity does not pay taxes in its home jurisdiction.
The following can be the uses of an offshore entity:

• International Trading

A trading company can establish itself in an offshore area. The offshore company would take orders directly from the customer but have the goods delivered directly to that customer from the manufacturer or place of purchase

• Professional Services

You can also carry on your consultancy or counseling business by using an offshore company. You can easily manage your company with reduced/zero taxation of an offshore company.

• Property Owning Companies

You can use such companies for benefits like avoidance of complicated inheritance procedures. If your property is held in a low-cost offshore company, you (and your partner/s) can own the shares of it as you see fit. In case of any uncertainty/unforeseen, all of your property and bank account will be frozen until a court order is issued.

• Investment Companies

If people want to invest their money in different projects without their disclosure, then they can incorporate an offshore entity that can invest as a corporate investor in different projects.

• Copyrights, Trademarks, and Patents

Any kind of intellectual property right (copyright or trademark) may be registered in the name of an offshore company. The company may also buy or sell this type of rights.

• Holding Companies

Offshore companies can be used as holding companies where people can manage all their businesses under one holding structure.

Offshore Company Requirements

• Offshore company Must be incorporated under Offshore Company Laws and regulations of offshore jurisdictions

• There are three different offshore jurisdictions in UAE. All of these have their own registration authorities and they may require different documents for the registration of an offshore company

• An offshore company must not trade within the offshore jurisdictions