Offshore Company Formation in the UAE

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 Documents

English/Arabic.

Investor Visa

No.

Employment Visa

No.

Share Capital

The minimum requirement for share capital is AED1,000, Which must be fully paid up.

Classes of Share Available

Ordinary shares, preferred shares, deferred and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

This 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 Required

Each Ajman Offshore Company must have a Licenced Registered Agent in the UAE.

Registered Office Required

Each Ajman Offshore Company must have a Registered Office in the UAE, provided by a licenced service provider.

Directors

A 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.

Shareholders

A minimum of one shareholder is required for an Ajman Offshore Company formation.

Publicly Accessible Records

No.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

Dirham (AED).

Exchange Control

None.

Language of Name

English/Arabic.

Restricted Words

Unless 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 Company

The name of the Ajman Offshore Company may end with the word “Limited” or “Ltd”.

Time to Incorporate

2-3 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

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 Documents

English/Arabic.

Share Capital

The minimum requirement for share capital is AED 1.

Classes of Share Available

A Dubai offshore company may issue only registered shares and only one class of shares is permitted.

Bearer Shares

Not permitted.

Restrictions on Trading

A 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 Required

Each Dubai Offshore Company must have a Registered Agent and Registered Office in JAFZA, Dubai, provided by a licenced service provider.

Directors

The 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.

Shareholders

The minimum number of shareholders is one.

Publicly Accessible Records

No.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

Shareholders/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.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

Yes.

Requirement to File Annual Return

Varies.

Audit Requirements

Yes.

Currency

Dirham (AED).

Exchange Control

None.

Language of Name

English.

Restricted Words

Unless 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 Company

The name of Dubai offshore company may end with the word “Limited”.

Time to Incorporate

10-12 days, subject to name approval.

___________________________________________________________________________________________________

Dubai Offshore Company Formation Prices

Dubai Offshore Company Formation 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: $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 required

The 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 provision

The 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)

RAK Offshore Company – Key Facts

Language of Legislation and Corporate Documents

English/Arabic.

Investor Visa

No.

Employment Visa

No.

Share Capital

The minimum requirement for share capital is AED1,000, Which must be fully paid up.

Classes of Share Available

Ordinary shares, preferred shares, deferred and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

Registered Agent Required

Each RAK Offshore Company must have a Licenced Registered Agent in the RAK Offshore.

Registered Office Required

Each RAK Offshore Company must have a Registered Office in the RAK Offshore, provided by a licenced service provider.

Directors

Each RAK Offshore Company must have a Registered Office in the RAK Offshore, provided by a licenced service provider.

Shareholders

A minimum of one shareholder is required for a RAK Offshore Company formation.

Publicly Accessible Records

No.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

Dirham (AED).

Exchange Control

None.

Language of Name

English/Arabic.

Restricted Words

(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 Company

The name of the RAK Offshore Company may end with the word “Limited” or “Ltd”.

Time to Incorporate

2-3 business days, subject to name approval.

___________________________________________________________________________________________________

RAK Offshore Company Formation Prices

RAK Offshore Company Registration Package Includes:

Starting at: $2490

Why Choose KGN Services?

We’ve been helping business owners since 1996

Incorporating 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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