Our Services - Offshore Company Formation, Nominee Director, Nominee Shareholder, Mail forwarding and Bank Accounts

Offshore Formations 247 specialize in Dubai company formations ranging from simple company registrations to complex structures including offshore Trusts and in providing a very comprehensive assortment of administrative services to Dubai companies, including the provision of Nominee Director, Nominee Shareholder, Mail Forwarding and Bank Account services. We are also able to offer a 'transfer in' service whereby we can take over the management of your existing Dubai Offshore Company, often for no cost at all. Our specialist Dubai company formation and company registration team:

• Retains well-established affiliations with local company agents in the Dubai
• Maintains an experienced staff with knowledge of legal requirements for company formation in Dubai
• Guarantees that all company filing fees and documents are up-to-date and notifies clients of all Dubai compliance changes

Call our specialist Dubai company formation team FREE on 0808 168 3676. If you are calling from outside the UK, please call us on 0044 (0) 208 492 6388  

Dubai Offshore Companies and their Tax Liability

Dubai holds up well against the other tax haven states. As a bonus it also has about 45 tax treaties (as it's classed as part of the United Arab Emirates), which is rare for a tax haven, although these tend to mainly benefit Dubai companies allowing reduced withholding taxes on dividends and restricting tax overseas. It's also on the OECD 'white list' for having numerous exchange of information treaties.

Dubai Offshore Company Banking

Offshore Formations 247 can incorporate Dubai companies with a choice of offshore bank accounts at the time of formation. We work closely with a number of banks, including Barclays, Standard Chartered and ADCB in UAE. Combining the two saves time and couldn't be simpler.

Dubai Offshore Company Formation / Registration

Offshore Formations 247 are able to incorporate a Dubai offshore company (RAKIC or Jebel Ali Free Zone). Company formation normally takes up to 5 days to register.

Dubai Offshore Company Anonymity and Disclosure

A Dubai registered company offers very good privacy and confidentiality, particularly given the fact that Dubai has no information exchange treaties. A minimum of one shareholder and one director is required to comply with company formation regulations in Ras Al Khaimah Free Trade Zone. There is no restriction on the maximum number of shareholders, and corporate shareholders are allowed. There is no register of shareholders or directors with Ras Al Khaimah company formation and therefore complete anonymity. As a result Dubai companies are favoured in asset protection schemes. If this was your motive in using a Dubai company though you would need to consider the impact of any double tax treaty. These will often contain exchange of information provisions and can be used by overseas tax authorities to request information from the Dubai tax authorities. A common technique, particularly for e-commerce businesses, is to form an offshore company such as a Panama or British Virgin Islands IBC and to register it in one of the free trade zones. The Dubai Internet City (DIC) is a free trade zone specifically for ecommerce business. This would then guarantee no Dubai taxes for 50 years. The combination of Dubai and a good offshore jurisdiction such as the British Virgin Islands would ensure that there would be no disclosure of shareholders and only limited disclosure of the directors (potentially only nominee directors) so reinforcing the asset protection benefits.

Dubai Offshore Company Shares

The minimum capital requirement of a RAKIC is AED1,000. Share capital must be denominated in UAE Dirhams (AED) divided into shares of AED1,000 each. Dubai offshore companies may create different classes of shares in one or more series having their own rights, privileges, restrictions and conditions specified. Bearer shares can be issued but must be lodged with the Registered Agent. The Registered Agent must maintain the particulars of the beneficial owners of the company.

GENERAL

Type of entity	Limited by shares
Political stability	Excellent
Type of law	Federal / Sharia
Disclosure of beneficial ownership	No
Migration of domicile permitted	No
Corporate taxation	Nil
Language of name	English or Arabic

CORPORATE REQUIREMENTS

Minimum numbers of shareholders	1
Minimum numbers of directors	1
Corporate directors permitted	Yes
Minimum usual authorised capital	Dhs 1,000
Fully paid	Yes

LOCAL REQUIREMENTS

Local partner (UAE National or Company owned by UAE National)	No
Registered office / agent	Yes
Local directors	No
Local meetings	No
Government Register of Directors	Yes
Government Register of Shareholders	Yes
Local Auditor	No

ANNUAL REQUIREMENTS

Annual Return	No
Submit Accounts	No

RECURRING GOVERNMENT COSTS

Minimum Annual Tax/License Fee	AED 2,000
Annual Return Filing Fee	AED 1,500

• Minimum of one Director and Shareholder is required
• There is no public register of company officers. No name is disclosed to register a company
• No accounting / reporting requirements
• Can do business in the UAE with appropriate licence
• No corporate, withholding or personal taxation
• RAK offers complete anonymity and privacy as well as protection of any other information or assets
• No tax information exchange agreement with any country
• Incorporation procedures can be completed in five working days
• Corporate documents are produced in English