Dubai Offshore company

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Dubai Offshore Company Formation

The Emirate of Dubai is one of the seven emirates of the United Arab Emirates (UAE). Its capital city, also named Dubai, is the largest and most populous city in the UAE. Emirate of Dubai, one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country’s legislature.

The population currently stands at 1.5 million however 82% of the population are foreigners. Arabic is the official language; however English is the business language.

Dubai is an undisputed business hub of the Middle East.

Dubai offshore companies enjoy all the advantages of other international offshore companies having the added benefit of Dubai’s reputation for business transparency. The concept is similar with the classic offshore companies – a Dubai Offshore Company is not allowed to carry out business within the UAE or the Free Trade Zones – but it has the advantage of Dubai’s business center image.

A Dubai Offshore Company is not considered a tax haven company, however it has the same advantages as one them.

Companies incorporated in UAE Dubai are not subject to any tax.

Dubai Offshore Company Formation

Dubai Offshore Company Formation Advantages

  • Dubai has long enjoyed a reputation as a secure, tax-free jurisdiction for international banking and company incorporation;
  • There are no Corporate or Personal Taxes payable. Only banking institutions and companies active in the oil sector are subject to corporate taxes.
  • English is the official language in the workplace, including contracts/agreements written, invoices, banking etc.;
  • 0% Corporation tax – There is no withholding tax on interest, dividends and royalty, no capital gains tax in Dubai;
  • There are no restrictions on foreign Directors or Shareholders. Minimum no. required is two, corporate Directors are not permitted;
  • Dubai Offshore Company can hold an account in a bank in the UAE;
  • There is no minimum authorized or issued share capital requirement. Although a capital of 1,000 AED is recommended;
  • Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Dubai;
  • Nominee services are available;
  • Board Meetings can be held anywhere in the world.

Dubai Offshore Company Formation Summary and Main Characteristics:

General Information 
Type of companyLimited by shares Company - IBC – Offshore Company
Corporate LegislationIncorporated under the Offshore Company Regulations 2003
TaxationCorporation Tax – 0%
Tax on Dividends – 0%
No withholding tax on interest, dividends and royalty, no capital gains tax
CurrencyStandard Currency AED
Paid up capital requirementNo paid up capital required
Time zoneGMT+4
Directors
Minimum no. required2
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredYes
Local Secretary requiredNo
Registered office requiredYes
Share Capital
Standard CurrencyAED
Standard Authorized Capital1,000 AED
Minimum paid up capitalNo
Accounting Requirements
Preparation of accountsRequired (can be completed by Consil Formation). Yes , filed at the Registered Office but not filed at any Government Office
Requirement for auditYes (can be completed by Consil Formation). An Auditor must be appointed who will examine and report on the Accounts however the Audit is not required to be filed with any Government Authority.
Accounts public accessibleNo
Requirement to file Annual ReturnYes (can be completed by Consil Formation)
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleNo, apostille is not available, documents can be certified and consular legalization is possible
OwnersIndividuals or Corporate

Company Formation Fee

  • Company Formation – with all services included for the first year: €2.000;
  • Certificate of Incorporation;
  • Memorandum and Articles of Association;
  • Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;
  • Share Certificate(s);
  • Personal manager assistance for the entire period.
  • Authorized Share Capital of AED 1,000;
  • Local Registered Office Address;
  • Registered Agent;

Renewal Fee after one year – with all services included for the next year: €1.400

  • Personal manager assistance for the entire period.
  • Local Registered Office Address;
  • Registered Agent;

Further Optional Services:

  • Accounting & Audit Services – Quotation based on each particular case.
  • Nominee Director – Individual or Corporate as per client’s request;
  • Nominee Shareholder – Individual or Corporate as per client’s request;
  • Power of Attorney – General / Special PoA Notary Legalized, in accordance official institutions and with banks requirements;
  • Certificate of Good Standing, in accordance with official institutions and banks requirements;
  • Certificate of Incumbency, in accordance with official institutions and banks requirements;
  • Legalization of Documents;
  • Document Notarization per document;
  • Bundle of documents Notarization;
  • Company Seal;
  • Company Rubber Stamp;
  • Bank Account opening service – Quotation based on each particular case. Dubai Offshore Company can hold an account in a bank in the UAE;
  • Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review;

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

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