Blog > STEPS INVOLVED IN OFFSHORE COMPANY FORMATION IN THE UAE

Ubl Csp
Comment (0)
Jan 03, 2020 04:13 PM

The benefits offered in the offshore companies include financial, tax and legal which are operated in foreign countries. In the offshore company formation, it has the intention of operating outside its registered location. The formation of offshore companies in the UAE requires only a given certificate of the corporation. With a thorough knowledge of the process, this can be an easy one. Having close links with the authorities/officials is also a great advantage.

What are the benefits included in starting an offshore company?

 Foreign ownership

Like the mainland companies, no shareholders are required for offshore companies.

 Cost-efficient and simple process

After submitting the necessary documents it will not be lagged, everything will be completed within 3 to 4 days.

 Operational costs are low

Their business is dealt through registered agents (law firms) with the approval of a registrar through an accountant everything is maintained.

 Liability is limited

In an offshore company, the liability of the shareholders is limited compared to their share in the capital of the company.

What shouldn’t be done while operating an offshore company?

 There are regulations on certain activities like banking, insurance and financial services.
 One cannot own an interest in real estate property except the one approved by the authorities.
 The offshore companies are also not permitted to carry any commercial operations within the UAE.

There are certain exceptions included in this:-

 Some offshore companies can rent estate properties in certain areas of the UAE.
 Opening an account in the UAE bank is also possible for an offshore company.

What are the requirements for starting an offshore company?

First, the application should be submitted to the registrar, with the relevant documents.

Along with the application form, the company’s article of association and proposed memorandum should be submitted.

 Certified passport copy
 Applicant’s personal profile
 Bank reference letter
 Residential proof
 Passport copy of the director.

Post Your Comment

Be the first one to post comment

Featured Businesses

Featured businesses list is created by admin on as per the request of business owners when adding their business and must add all information like logo, social link and description

Best Business Directory

Antechnologie LLC

Antechnologie is US based web design, development and SEO Company in New Jersey. Request a quote today for website design services

Best Business Directory

Web development company

Ipix Technologies is a web development company

Best Business Directory

ETatvaSoft

Web, ecommerce and mobile app development has become a growing topic of conversion among several techgeeks and tech learners

Best Business Directory

HP Printer Support Numbe...

Avail HP support number for online help by experts. HP customer care team assist user by technical support to resolve glitch faced on printer,...

Best Business Directory

Online Pune Florist

With Online Pune Florist, giving or sending flowers to the loved ones on special occasions have become simple and exciting because of our...

Best Business Directory

Rapid Tool Australia

Rapid Tool Australia is one of the leading concreting tool and equipment dealers in Australia. They provide concreting tools of their owned brands...

Best Business Directory

Green Apple Roofing Manc...

Green Apple Roofing provides exceptional residential and commercial home exterior services in Manchester Township, NJ. From roof repairs, seamless...

Best Business Directory

Lafemmefitness

Are you looking for a women gym near Patia? La Femme is located just behind the HP petrol pump on the Patia Station road. The location of La Femme...

© 2020 OneFDH. All Rights Reserved.
Follow us on