Dubai UAE Incorporation Services| Off Shore Company

Dubai UAE Incorporation Services| Off Shore Company Incorporation

UAE Incorporation Services

 

Are you looking to do business in the Middle East? The Middle East is booming with activity now and especially regions such as Dubai has become the primary region of commerce in the region.

United Arab Emirates also has very flexible free zone areas where you could do business with minimal taxes and great flexibility

Some features of owning a business in such free zones are:

  • – 100% foreign ownership is permitted
  • – 100% tax and duty exemption
  • – Companies will have a limited liability status and will offer absolute privacy, confidentiality and protection of assets and information.
  • – Multiple classes of shares are allowed.
  • – The company has an option to choose the law applicable for inheritance, disputes, and any other legal matters.
  • – The International Company can own real estate properties anywhere in the world outside United Arab Emirates subject to approval.
  • – The International Company can hold shares in both offshore and onshore UAE companies including local LLC and free zone companies.
  • – The company can hold a bank account in the UAE for the purpose of conducting routine operational transactions.
  • – International Companies are not allowed to carry on business or trade within UAE unless it has first obtained the appropriate licence from the relevant authority. However the company can maintain professional relations with legal consultants, lawyers, accountants and auditors based in UAE.

 


Dubai UAE Incorporation Services | Off Shore Company Incorporation


 

 

Characteristics of such free zone companies are as follows:

  • – A minimum of one shareholder is required and corporate shareholders are permitted. Shareholders will decide the capital structure of the Company. No minimum capital requirements have been stipulated. Different classes of shares are permitted. Details of the Shareholders do not appear on the public file.
  • – A minimum of one director is required and corporate directors are permitted. Details of the directors are not available for public inspection.
  • – Every company must have a secretary.
  • – Every company must maintain accounting records, which must be approved by the director and signed by them. There is no requirement to file the accounts with the authorities however the accounts should be kept for a period of 7 years from the date on which they were prepared.
  • – Names must end with either “Limited” or “Incorporated” or abbreviations thereof – “Ltd.” or “Inc.”
  • – The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Co-operative, Fund, Imperial, Insurance, Municipal, Mutual Fund, Royal and Trust.

 

Dubai UAE Incorporation Services| Off Shore Company Incorporation