OFFSHORE COMPANIES IN THE UAE
BANK ACCOUNTS
UAE Offshore Company. Offshore Company Formation in the UAE
KGN Services specializes in Offshore Company Formation in the UAE, establishment of branches of local and foreign companies and opening bank accounts in the UAE
General Information about UAE Offshore Company
Types of Offshore Company in the UAE
- Ajman Offshore Company
- Dubai Offshore Company
- RAK ICC (RAK Offshore Company)
Ajman Offshore Company
Dubai Offshore Company
RAK ICC (RAK Offshore Company)
Ajman Offshore Company
Ajman Offshore Company
Benefits of setting up an Ajman Offshore Company
100% foreign ownership A minimum of one shareholder is required for an Ajman Offshore Company registration A minimum of one director is required for an Ajman Offshore Company registration Zero taxes and duties Company can hold an account in a bank in the UAE
Ajman Offshore Company – Key Facts
Language of Legislation and Corporate DocumentsEnglish/Arabic.
Investor VisaNo.
Employment VisaNo.
Share CapitalThe minimum requirement for share capital is AED1,000, Which must be fully paid up.
Classes of Share AvailableOrdinary shares, preferred shares, deferred and shares with or without voting rights.
Bearer SharesNot permitted.
Restrictions on TradingThis type of Company is not allowed to do business within the UAE, have an office or get visas. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent RequiredEach Ajman Offshore Company must have a Licenced Registered Agent in the UAE.
Registered Office RequiredEach Ajman Offshore Company must have a Registered Office in the UAE, provided by a licenced service provider.
DirectorsA minimum of one director is required for an Ajman Offshore Company formation. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
ShareholdersA minimum of one shareholder is required for an Ajman Offshore Company formation.
Publicly Accessible RecordsNo.
Location of Meetings of Directors and ShareholdersAnywhere.
Personal Presence RequiredNo.
TaxationNil.
Double Taxation Treaty AccessNone.
Requirements to File AccountsNone.
Requirement to File Annual ReturnNone.
Audit RequirementsNone.
CurrencyDirham (AED).
Exchange ControlNone.
Language of NameEnglish/Arabic.
Restricted WordsUnless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-
(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;
(b) the patronage of their Highnesses the members of the Federal National Council.
Name of a CompanyThe name of the Ajman Offshore Company may end with the word “Limited” or “Ltd”.
Time to Incorporate2-3 business days, subject to name approval.
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Ajman Offshore Company Formation Prices
Ajman Offshore Company Registration Package Includes: Company Name Check Initial Business Approval Preparation of Application Documents Company Registration Fee Certificate of Registration Registered Office Address for 1 year Registered Agent Services for 1 year Government filing fee Memorandum & Articles of Association Minutes of first meeting appointing the director(s) Share Certificate(s) Register of shareholders Register of directors
Starting at: $2490
Dubai Offshore Company
Dubai Offshore Company
Benefits of setting up a Dubai Offshore Company
100% foreign ownership Zero taxes and duties Dubai Offshore Company can hold an account in a bank in the UAE Company can hold an account in a bank in the UAE
Dubai Offshore Company – Key Facts
Language of Legislation and Corporate DocumentsEnglish/Arabic.
Share CapitalThe minimum requirement for share capital is AED 1.
Classes of Share AvailableA Dubai offshore company may issue only registered shares and only one class of shares is permitted.
Bearer SharesNot permitted.
Restrictions on TradingA Dubai Offshore Company is not allowed to do business within the UAE, have an office or get visas. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office RequiredEach Dubai Offshore Company must have a Registered Agent and Registered Office in JAFZA, Dubai, provided by a licenced service provider.
DirectorsThe minimum number of directors is two. Director can be of any nationality and need not be resident in the UAE. Corporate directors are not permitted.
ShareholdersThe minimum number of shareholders is one.
Publicly Accessible RecordsNo.
Location of Meetings of Directors and ShareholdersAnywhere.
Personal Presence RequiredShareholders/Directors need to visit the Registry for attestation of their signatures. If the Shareholders/Directors are unable to come to Dubai, they may issue a Power of Attorney in favour of our company to represent them before the Registry.
TaxationNil.
Double Taxation Treaty AccessNone.
Requirements to File AccountsYes.
Requirement to File Annual ReturnVaries.
Audit RequirementsYes.
CurrencyDirham (AED).
Exchange ControlNone.
Language of NameEnglish.
Restricted WordsUnless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Dubai”, “UAE”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-
(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;
(b) the patronage of their Highnesses the members of the Federal National Council.
Name of a CompanyThe name of Dubai offshore company may end with the word “Limited”.
Time to Incorporate10-12 days, subject to name approval.
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Dubai Offshore Company Formation Prices
Dubai Offshore Company Formation Package Includes:Company Name CheckInitial Business Approval Preparation of Application Documents Company Registration Fee Certificate of Registration Registered Office Address for 1 year Registered Agent Services for 1 year Government filing fee Memorandum & Articles of Association Minutes of first meeting appointing the director(s)Share Certificate(s) Register of shareholders Register of directors
Starting at: $4990
How Can I Register My Offshore Company in Dubai?
If you are inclined to register your offshore company in Dubai, we can list a few clear advantages associated with this choice. They include: 100% foreign ownership A minimum of one shareholder required Taxes and duties equal to zero An opportunity to own real estate properties in Dubai Minimum of two directors requiredThe package for UAE offshore set up in Dubai starts at $4990. Aside from the fee, you need to follow all the necessary requirements.
Can I Start an Offshore Company in Dubai and do business in the UAE?
It should be noted that you will not be able to do business in the UAE. On top of that, having an offshore company does not give you permission to get visas or have a physical office. Some other things that are also prohibited in Dubai are:
Banking Insurance, assurance, reinsurance Fund management Collective investment schemes Trust management Trusteeship business provisionThe government of the country pays close attention to the legitimacy of all the deals being carried out in the UAE. That is why any UAE company should stick to the provisions of the offshore activity system.
RAK ICC (RAK Offshore Company)
RAK ICC (RAK Offshore Company)
Benefits of setting up a RAK ICC (RAK Offshore Company)
100% foreign ownership A minimum of one shareholder is required for an Ajman Offshore Company registration A minimum of one director is required for an Ajman Offshore Company registration Zero taxes and duties Company can hold an account in a bank in the UAE
RAK Offshore Company – Key Facts
Language of Legislation and Corporate DocumentsEnglish/Arabic.
Investor VisaNo.
Employment VisaNo.
Share CapitalThe minimum requirement for share capital is AED1,000, Which must be fully paid up.
Classes of Share AvailableOrdinary shares, preferred shares, deferred and shares with or without voting rights.
Bearer SharesNot permitted.
Restrictions on TradingThis type of Company is not allowed to do business within the UAE, have an office or get visas. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent RequiredEach RAK Offshore Company must have a Licenced Registered Agent in the RAK Offshore.
Registered Office RequiredEach RAK Offshore Company must have a Registered Office in the RAK Offshore, provided by a licenced service provider.
DirectorsEach RAK Offshore Company must have a Registered Office in the RAK Offshore, provided by a licenced service provider.
ShareholdersA minimum of one shareholder is required for a RAK Offshore Company formation.
Publicly Accessible RecordsNo.
Location of Meetings of Directors and ShareholdersAnywhere.
Personal Presence RequiredNo.
TaxationNil.
Double Taxation Treaty AccessNone.
Requirements to File AccountsNone.
Requirement to File Annual ReturnNone.
Audit RequirementsNone.
CurrencyDirham (AED).
Exchange ControlNone.
Language of NameEnglish/Arabic.
Restricted WordsUnless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-
(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;
(b) the patronage of their Highnesses the members of the Federal National Council.
Name of a CompanyThe name of the RAK Offshore Company may end with the word “Limited” or “Ltd”.
Time to Incorporate2-3 business days, subject to name approval.
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RAK Offshore Company Formation Prices
RAK Offshore Company Registration Package Includes: Company Name Check Initial Business Approval Preparation of Application Documents Company Registration Fee Certificate of Registration Registered Office Address for 1 year Registered Agent Services for 1 year Government filing fee Memorandum & Articles of Association Minutes of first meeting appointing the director(s) Share Certificate(s) Register of shareholders Register of directors
Starting at: $2490
Why Choose KGN Services?
We’ve been helping business owners since 1996Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related UAE Offshore Company
KGN Services provides the following services related UAE Offshore Company:
- UAE Offshore Company Formation
- Registered Office and Agent Services for UAE Offshore Companies in Dubai and RAK ICC
- Company Secretarial Services
- Opening of Bank Accounts
- UAE Offshore Company Administration Services
Interested in Offshore Company Incorporation in the UAE?
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Make the Most Out of the Land of Opportunity
If you are eager to run a business or start a new company without any financial inconveniencies, then offshore company formation in the UAE is the ideal choice for you. Worldwide Incorporation Services are specialized in establishing offshore companies in the UAE. Their market experience goes all the way back to 1998. This means that the organisation has become a reliable international provider for a large number of foreign companies. In this article, we will discuss the main factors concerning the creation of an offshore company in the UAE.
What Is a UAE Offshore Company?
It’s a fact that almost any activity connected with offshores has been treated as morally wrong and illegal for a long time. This is just not the case. Having an offshore company means that you can hold all your business transactions outside of the jurisdiction of a particular country. At the same time, it means that these procedures are under the control of another country’s jurisdiction.
This system helps a lot of enterprises carry out their business in a more efficient way. This is a way of figuring out the most beneficial financial prospects. Globalisation has turned offshore activity into an everyday working routine. Even the biggest firms, such as Google and Microsoft, use these opportunities in one way or another.
Can an Offshore UAE Company Formation Buy Property in Dubai?
This is one of the crucial advantages of registering your offshore company in Dubai. Having an offshore company in the city means that you have the opportunity to obtain real estate in Dubai.
Conclusion
Our modern world of globalisation offers a lot of options as to how one can run a business. There are plenty of countries where legal offshore activity is widely spread. Additionally, this method of conducting financial business transactions is becoming more and more popular globally every year. An offshore company is really cheap to set up these days. It helps to build various business ties.
It reduces not only your taxation but also your administrative commitments. Moreover, the system is already so highly developed that it provides businesses with the most convenient banking facilities on the market. As you can see, an offshore company is an option for anyone who wants to simplify their business activity.
KGN Services | UAE Offshore Company Formation
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