Offshore Company Formation in UAE
ADAM Global – Your Award-Winning Registered Offshore Agency in the UAE
ADAM Global is an award-winning offshore agency for all UAE based offshore jurisdictions. A legitimate firm founded with the goal of conducting operations outside of its registered jurisdiction or ownership location is known as an offshore corporation. An offshore business can be founded as long as it is not located in a free zone and is separate from the UAE mainland. Offshore firms are generally exempt from the requirement to lease physical office space; however, this means that they are not permitted to engage in large business operations within their home nation. when establishing an offshore business.
Individuals or organizations may establish and own offshore businesses, and shares may be freely and readily transferred through a written agreement. One area of newly established businesses in Dubai that is expanding quickly is the development of offshore companies. It is usually designed with measures to reduce or eliminate taxes related to capital gains, death duties, value-added tax (VAT), sales of real estate, and income from business earnings.
Benefits of Offshore Company Registration in Dubai
- A UAE offshore company registration offers a number of advantages for businesses, such as
- It offers stable and business-friendly legal system.
- It maintain confidentiality in the business dealings.
- The regulatory regime is flexible.
- Tax neutrality is one of the attractive features.
- Separation and protection of assets is a key feature.
- It is the gateway to international markets.
- The access to global funding.
- Incorporation of offshore companies is relatively easy, quick, and simplified.
- Full repatriation of funds and it allows multi-currency transactions.
- No minimum share capital is required.
- The shares are conveniently transferable.
- The operational cost is reduced.
- Multi-Currency Bank Account can be open.
Activities Permitted
- International trade
- Brokerage activities
- Intellectual Property rights holding
- Property holding in Ajman
- Online advertising activities
- Consultancy
- Registration of ships
- Trading in stock markets
Activities Not Permitted
- Financial
- Insurance and re-insurance
- Media
- Aviation
- Conduct business with onshore companies in the UAE
- Establishing a branch in the UAE
Documents Required For An Offshore Company Formation
The application form contains information on the proposed capital. The application form will require the shareholder’s full name and addresses as well as the number of shares held by each along with their proposed value. The shareholder may decide to either nominate minimum one director who can be from among them or appoint an outside individual. The application is to be submitted along with the company’s proposed memorandum and articles of association.
Other Documents include the following:
Individual Applicant:
- 1. CV/Resume of the applicant.
- 2. Applicant’s Passport Copy.
- 3. Reference letter from Bank.
- 4. Proof of Residence (any document such as utility bills that verifies the address of the applicant).
- 5. Passport copy of nominated Director.
- 6. A notarized Power of Attorney duly attested by UAE Embassy/Consulate in favor of ADAM Global to pursue the incorporation procedure on behalf of the applicant.
Corporate Applicant:
The following documents shall be duly attested by the UAE embassy in the country of incorporation.
- 1. Company’s Registration Certificate.
- 2. Certificate of good standing.
- 3. Applicant Company’s Memorandum & Articles of Association.
- 4. Board Resolution for offshore company establishment, director’s appointment and legally permitting ADAM Global as a legal representative of the company.
- 5. Reference letter from Bank.
UAE Offshore Company Process
How to start or register your Offshore Company in the UAE.
At ADAM Global, we guide you and hold your hand through each step of your business journey. Although the process is quite detailed, below is an 8 Step Process highlighting the essential incorporation procedure for your offshore company formation in the UAE with our highly experienced staff. The process, if all documents are complete, usually takes less than 1 week and depends on the offshore jurisdiction your ADAM Global advises.
- Consult and ADAM Advisor to select the right offshore
- Submit all documents
- We file an application
- We get approval for company name & activity.
- Signature on the incorporation documents.
- Submission to Registrar of relevant authority.
- You will be notified when your company is approved.
- Open Corporate Bank Account.
Our Services
At ADAM Global, our expertise lies in facilitating the formation of Dubai offshore companies, catering to a global clientele with our trusted and registered agent services. Supported by a skilled team of in-house lawyers, accountants, auditors, and management consultants, we offer comprehensive solutions from initial setup to ongoing administration. Our services encompass all aspects of offshore company formation, including legal documentation, bank account setup, and provision of directors, secretaries, and nominee shareholders as necessary. We handle interactions with regulatory bodies on your behalf and guide you through each step, from name selection to due diligence and reference letter arrangements. Notably, physical presence is often unnecessary for establishing your offshore entity. While UAE offshore companies enjoy flexibility in operational requirements like office leasing and staffing, our firm can facilitate all necessary communications and operations through our registered and accredited services. Additionally, we extend auxiliary support covering essential business functions such as accounting, audit, payroll, taxation, and outsourced CFO and PRO services, ensuring comprehensive assistance throughout your business journey.
Free Consultation
We at ADAM Global help you define your company and guide you through the complete offshore company setup procedure. People are drawn to start their own businesses in the United Arab Emirates because of the country’s tax benefits, little bureaucracy, and superior confidentiality. We can assist you if you are a company seeking to launch operations in a prime location in the United Arab Emirates. Our skilled group of offshore business setup consultants offers expert services at reasonable prices without sacrificing any quality. Consult an offshore company setup consultant to learn about your possibilities for launching your business, both flexible and thorough.
Advantages of Offshore Business Setup
For entrepreneurs and businessmen, forming an offshore corporation in the United Arab Emirates has many benefits. Establishing an offshore business offers the highest level of safety precautions, stability in the economy, and anonymity. Please contact us if you would want more information about the advantages that the United Arab Emirates has to offer when setting up an offshore business.
Reduce your tax requirements Creating an offshore corporation allows you to lawfully reduce your company’s tax burden. Non-resident businesses frequently pay no taxes at all and pay different rates of taxation depending on the nation.
Minimal setup and maintenance costs: establishing an offshore business is a reasonably quick and easy process. Compared to other, establishment and upkeep demand less money.
Simple transactions: offshore businesses can quickly establish a secure and smooth environment for international and domestic financial operations.
Minimal financial requirements and less administrative work: One of the main benefits of setting up an offshore company is the low capital requirements. With virtual office services, the need for a physical office can be avoided.
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