Business Set up: UAE Offshore company

Why registering a UAE OFFSHORE ENTITY: benefits and limitations.

BENEFITS

The UAE is a very stable jurisdiction and a strong and fast developing economy.

While G7 countries have put a lot of pressure to low tax jurisdictions to share investor data, the UAE remains on the OECD white list.

UAE has Double Taxation Avoidance Agreements (DTAA) with a large number of countries and keeps on adding to the list on an on-going basis.

Double taxation agreements prevent individuals and corporations from being susceptible to paying taxes in two countries on the same item during the same time period. These agreements determine which of the two states concerned should levy tax in a particular situation: Austria, Belarus, Belgium, Canada, China, Czech Rep., Egypt, Finland, France, Germany, India, Indonesia, Italy, Lebanon, Malaysia, Malta, Morocco, New Zealand, Pakistan, Poland, Romania, Singapore, Sudan, Thailand, Tunisia, Turkey, Ukraine. 

  • 100% income tax exemption 
  • 100% corporate tax exemption 
  • 100% capital and profit repatriation 
  • 100% ownership in Free Zones 
  • No Import or Export taxes 
  • No capital gains tax 
  • No Value-added tax 
  • No Withholding tax
  • It is not obliged to maintain its books and records. 
  • It may hold shares in other UAE and worldwide companies. 
  • It may own yachts registered in the UAE. 

LIMITATIONS AS COMPARED TO AN ONSHORE UAE ENTITY (FREE ZONE OR LLC)

  • It does not have physical offices in the UAE.
  • It cannot carry on business within the UAE.
  • Shareholders & employees are not eligible UAE Residency Visa. 

 


 

Affinitas is able to set up UAE offshore entities fast and easily.

We are able to register an offshore entity within 48 business hours from the submission of the required documentation. There is no need of physical presence for the beneficial owner. We are able to set up a related bank account with either international or UAE banking institutions.

Services available:

  • Nominee Director;
  • Nominee Shareholder;
  • Company stamp;
  • Bank account opening;
  • Virtual phone number set up with answering services or re-routing to Skype address and/or fixed lines across the world.
  • Accounting services.

Typical documentation required for physical person:

  • Passport copy;
  • Utility bill (no more than 3 months old) or another proof of residence (house insurance);
  • Bank reference letter;

Please call us at: +442070486824 (Skype: AffinitasDXBor click on the button below a free quotation from one of our consultants.

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