UAE Offshore
- Registration
- €3,680
- From year two
- €3,130 / year
Today, registering offshore companies is one of the most effective methods of asset protection and tax planning. Compared with the most commonly used offshore jurisdictions, offshore companies in the United Arab Emirates stand out favourably for their reputation and the absence of an offshore-jurisdiction image.
Advantages and key features of offshore companies in the UAE:
- Shareholders – both individuals and legal entities are allowed.
- No restrictions on the citizenship or residency of directors and shareholders.
- No taxes.
- Share capital – no minimum requirements.
- Currency control – none.
- Financial statements and audit – none.
- Minimum number of directors — one.
- Minimum number of shareholders — one.
Registering an offshore company in the UAE and opening a bank account in the UAE with convenient service and low service fees is an effective and reliable solution for doing international business. Limitations include the inability to lease office space in the country and to obtain UAE residence visas.
Offshore company registration includes:
- State registration fees
- Original constitutional documents
- Certificate of Incorporation
- Share certificate
- Resolution on the appointment of a director
- Registered address
- Company seal
Standard set of documents required for company registration:
- a copy of the founder's passport;
- a utility bill or a bank reference confirming that the individual holds a bank account.
OUE Substance
So, to avoid ending up on the EU blacklist for non-compliance with the BEPS plan requirements, the UAE was forced to adopt the Economic Substance Regulation. The regulation was adopted on 30 April 2019 as No. 31. Its announcement in June caused tension, if not panic, both in the professional community and among stakeholders whose business models are closely tied to this jurisdiction. After all, until
Obtaining UAE tax resident status
Offshore Express offers a turnkey service package that lets our clients benefit from zero taxation in the UAE both for the company and for its owners / directors. The package includes: a UAE Free Zone company A premium bank account in the United Arab Emirates A residence permit (investor visa) Tax residency in the UAE A UAE identity card Setting up a Free