Offshore Company Formation | AL REETAL Legal Services

Company Formation in UAE

UAE has evolved as a leading business hub in the Middle East having connectivity by air and sea to all the major cities of the world. Investors from all parts of the world make it a second home.

Dubai is one of the booming Emirates of UAE and provides various schemes for company formation in Dubai. With its spectacular infrastructure, business-friendly atmosphere, easy accessibility along with safety and security makes it the best option for company formation.

UAE Freezone Company Formation
UAE Mainland Company Formation
UAE Offshore Company Formation

Understanding the difference between free zone, mainland and offshore company formation is important if you are planning for company formation in Dubai or UAE. Company formation in UAE includes the choosing of license based on your activity, preparing legal documents, opening bank account, visa processing which is found to be cumbersome by the aspiring entrepreneurs.

But with the ALREETAL team, company formation in UAE will never be a difficult task. ALREETAL is a renowned name for UAE company formation, having established for more than a decade and incorporated hundreds of companies successfully with bank accounts. We are one of the largest incorporators of the free zone and offshore companies in UAE.

Offshore Company Formation in UAE

OFFSHORE COMPANIES (INTERNATIONAL BUSINESS COMPANIES) is a company which does not carry out any substantial business activities in its country of formation and is framed in the law of no tax jurisdiction for the purposes of legally reducing any kind of tax payment and enhancing one's wealth management.

Offshore company setup and opening bank account is an intelligent method of managing assets and income. There is a misconception that an offshore company is to evade tax and hide money from Government, which is not correct.

Offshore companies are legitimate ways to structure business and ultimately getting financial benefits.

The most important things to be considered while registering an offshore entity is:

Finding the right jurisdiction
Selecting the Registered Agent
Opening Bank account

ALREETAL is one of the largest incorporators in Ajman Offshore jurisdiction and having a perfect professional track record. ALREETAL is also a highly reputed Registered Agent for RAKICC offshore company setup, since its inception.

Company formation in UAE is completed in 2 days, and to open a bank account it takes in 4 days.

Major Offshore jurisdictions in UAE:-

OFFSHORE COMPANY & VAT (VALUE ADDED TAX)

VAT (VALUE ADDED TAX) is being implemented in the UAE from Jan 1, 2018, and it may be noted that Offshore jurisdictions and Offshore companies are outside the purview of VAT. Precisely due to this attraction, more investors are seeking the help of Registered Agents to set up a company in Offshore.

FEATURES OF OFFSHORE COMPANY

Non-resident company
No Office is permitted in the UAE. Office of the Registered Agent (ALREETAL Office address) is the legal address of the Offshore company.
No tax
No Audit
No Business within the UAE
No Chamber of Commerce registration, No import-export code
No Visas or Employees
No Cheque book from bank

ADVANTAGES OF OFFSHORE COMPANY REGISTRATION IN UAE

2 days to register the company
Easy documentation
Low setup cost and low maintenance cost
Easy to transfer shares, Easy to close the company
Bank account in UAE with leading UAE Banks
Registered Agent office address will be the legal address of Company
Total freedom to invoice Clients worldwide
Can be kept as Holding company, under which several companies can be incorporated anywhere in the world

Offshore Bank Account

Registering Offshore company and opening Offshore Bank Account is a method to effectively manage the funds and save taxes. Investors should study the political stability, infrastructure, safety and security of a country before an opening bank account. UAE is the most sought after place to open a bank account in the Middle East. There are 28 International Banks operating in UAE like HSBC Middle East, Citi Bank, Standard Chartered, Llyod TSB Bank, Royal Bank of Scotland, Barclays bank, etc. At present 23 National Banks operate in UAE like EmiratesNBD, Mashreq Bank, RAK Bank, Noor Bank, ADCB, NBAD, etc. ALREETAL provides total solutions to open and operate bank accounts in any bank in the UAE (United Arab Emirates).

Team ALREETAL is closely working with banking professionals in order to make sure that the bank accounts are opened with minimum hassles and documentation.

Depending on the requirements of the Clients, we advise the suitable bank to open Offshore Bank Accounts.