What a UAE Offshore company may and may not do?

• It may have non UAE resident as director or shareholder.
• It may have UAE resident as director or shareholder.
• It may have corporate shareholder/corporate director

• It does not require the shareholder/director to be physically present in the UAE for incorporation (only in JAFZA required)

• It may hold shares in other UAE and worldwide companies.

• It may maintain bank accounts and deposits in the UAE or worldwide.

• It may own real estate in the UAE, (JAFZA Offshore)

• It is not obliged to maintain its books and records.
• It cannot have physical offices in the UAE.
• It may not carry on business within the UAE.
• It may not obtain UAE Residency Visa.

Facts regrading Offshore (IBC)

What is a Tax Free Jurisdiction?

• 50 years ago special legal financial system created by Monaco, Luxembourg, Liechtenstein, Panama, Hong Kong and Switzerland.
• BVI joined.
• Allows wealthy individuals to move their wealth, or at least part of it, out-with their home country where they were being taxed.
• The wealthy benefited from low taxes and financial privacy.  Nowadays, anyone can use and benefit from this system.
• The term ‘offshore’ is now recognized widely in most sectors of the economy.
• Companies and individuals take advantage of the seclusion of wealth.
• Very low or no tax burdens are levied.
• International business can be less complicated allowing profitability to increase.

What is an Offshore IBC?

• IBC refers to International Business Company
• It is a company which does not conduct substantial business in its country of incorporation.
• It is formulated in a tax free jurisdiction.
• It legally minimizes any type of tax burdens.
• It improves one's wealth management. 

Why Offshore?

• Large numbers of high net worth Individuals and corporations are taking steps to incorporate overseas.
• Away from the area of their main business transactions.

To Save Tax

• An offshore company can form part of an overall taxation reduction strategy for certain individuals or entities.
• Combined with an offshore bank account or trust, for example, an offshore company can save an individual or company tax.
• If an offshore company is set up in a low/no tax area then profits can be realized in a tax efficient way increasing profitability.

Favorable Local Legislation Relating to Reporting

The amount of company information and accounting data that needs to be submitted and held on file is far reduced in the majority of offshore centers which goes hand in hand making an offshore company that much easier to manage and run.

Offshore Asset Protection

• An offshore company is the perfect entity for enabling individuals to achieve asset protection offshore.
• Assets can be owned by the company rather than directly by an individual, and the company can be placed in trust or foundation for example.

Achieve a higher level of anonymity

• A number of overseas centers offer the option of having nominee directors for the establishment of a company.
• Others also keep the names of directors and shareholders off public record. 
• Those who transact through such a company can keep their affairs private.

Greater Ease of Operation

• Many offshore centers make it very easy for companies to trade.
• The aviation, media and financial sectors require specific licenses and much greater regulation.
• An offshore company can be far easier to manage than an onshore one.

Dubai Offshore Haven

Dubai is a relative newcomer to the list of offshore havens by becoming a banking and financial hub through the promotion of the Dubai International Financial Centre (DIFC). DIFC offers an attractive business environment including zero taxes on income and profits from foreign-owned businesses as well as a network of double taxation treaties, no restrictions on foreign exchange or profit repatriation and a dollar-denominated environment. Money laundering laws are strictly enforced and infrastructure and property are of the highest standards. Prime property can be bought in Downtown Dubai, Palm Jumeirah, Jumeirah Beach Residences and along Shaikh Zayed Road.

UAE, Offshore or International Business Company

An innovation of the Free-Zone authorities, the concept of an "Off-Shore" company in the UAE is a flexible corporate entity which allows for the a mixture of On-Shore and Off-Shore features.

Registered within a Free Zone, the Offshore company has several of the benefits of a standard Free-Zone Company 

An Off-Shore company can conduct businessoutside of the UAE - but generally not within.

However, It can open and operate bank accounts with UAE-based banks, can own investments inside and outside of the UAE (JAFZA) and can also own real estate in Dubai in certain designated areas (which are approved by the Free Zone registrar). Income derived from its investments (including real estate) can be held in the company bank account and repatriated thereafter.

Unlike other Free-Zone companies, there is no minimum capital requirements for an Off-Shore company to incorporate.

A minimum of 1 directors (maximum of 5) are required,  Shareholder(s) may be either natural persons or corporate entities, any of which may also be non-resident (expatriates).

Key benefits of the Off-Shore Company are:

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• Short set-up time
• No requirement for an office in Free-Zone
• 100% ownership by Expatriates
• No currency restrictions
• All income and profits may be repatriated
• No corporate, personal or capital gains tax
• Strong corporate privacy
• Open and operate bank account in the UAE
• Able to own property in Dubai (JAFZA OFFSHORE)
• No residency visa without an office
• Can own investments inside and outside of the UAE
• Invoice international Clients 
• Own Mainland / Free Zone Companies within UAE

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Offshore Broker

Tax is the driving force behind most 'offshore' activity.  Often, taxes levied by an investor's home country are critical to the profitability of any given investment.

Offshore Company Formation

International Business Company (IBC)

Many people choose to incorporate a company offshore to -

• Reduce their taxation burden
• Protect personal and business assets
• Manage their overall risk
• Maintain transaction privacy
• Avoid restrictive bureaucracy
• Reduce overhead costs and
• Enhance asset performance

How Could An Offshore Company Benefit You?

The benefits to companies who incorporate offshore are numerous. Specific benefits will always depend entirely on personal requirements and circumstances but may include free remittance of profits and capital, access to favourable tax treaties, foreign insurance and reinsurance, security of property rights and assets, banking and personal privacy.

Depending on where you choose to incorporate you may also benefit from lower overhead costs, fewer reporting and operational restrictions, solid legal systems, the availability of sophisticated banking facilities, reduced taxation and increased political stability.