Dubai, UAE advantages
- It is not a traditional tax haven. The United Arab Emirates is a 'real' country with a 'real economy' and today it is one of the fastest growing countries in the world with one of the highest standards of living.
- UAE is not a member of the Organization for Economic Cooperation and Development (OECD) thus there is no exchange of information
- UAE is not on the OECD 'blacklist' of tax havens (nor the FATF blacklist).
- UAE is not a member of the EU, and is not subject to EU regulations.
UAE offshore companies advantages
- Physical presence in the UAE is not required for offshore company incorporation
- Incorporation of an offshore company takes 24 hours
- 100% income tax exemption; 100% corporate tax exemption; 100% capital and profit repatriation
- No capital gains tax: no VAT (value added tax); no withholding tax
- It may maintain bank accounts and deposits in the UAE or worldwide
- It is not obliged to maintain its books and records or provide reports on its activities
- It may hold shares in other UAE and companies worldwide
Privacy
- Dubai offshore company directors' and shareholders' information is not public.
Limitations of UAE offshore company
- It may not carry out business within the UAE
- It may not obtain UAE Residency Visa
Possible use of UAE offshore company
- Activities held outside UAE
General Trading
Consulting and Advisory Services
Holding Company
Property Owning
International services
Professional Services
Shipping and ship management companies
- Activities held inside UAE
Holding Assets
Invoicing
Holding Bank Account
Property Owning (Freehold Areas)
Fees
Simply put an offshore company incorporated in UAE is a universal business vehicle combining versatility, privacy of the owners and affordability. Incorporation and other related services (registered agent, registered office address, a set of the corporate documents) - US$ 1 790.
Annual renewal of UAE offshore company - US$ 1 190
Procedure and documents
Company beneficiary (ies) will be required to provide due diligence (passport copy, utility bill, bank reference).
Banking in UAE
We can introduce the companies we incorporate to Barclays, Dubai, UAE. Being part of the worldwide banking group Barclays offers wide choice of services including current business accounts in Dubai, which can be managed over the Internet. Accounts can be established remotely, no visit is required.
Considering that USA and EU force the banks (even those located in offshore jurisdictions) to reveal information to the tax authorities, Barclays, UAE, can be a wise choice for businesses looking for a safe haven for their assets. More information at http://www.barclays.ae/
We will liaise with the bank making sure all corporate documents meet the Bank's requirements and assist with the account application.
Please email us if you would wish to have an offshore company incorporated in Ras Al Khaiman - one of the most business friendly emirates of the UAE.
Please request additional information sending a message to our fax numbers in:
UK: +44 870 421 1387
USA: +1 626 609 3984 or E-mail:
info@privacy-solutions.com
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