What is a Offshore company?
An offshore company is a non-trading company that is commonly used to own assets such as real estate and shares. They are usually incorporated for privacy and operation advantages with regard to financial, legal, and tax benefits in foreign countries.
Offshore companies are permitted to open bank accounts within the UAE, however they cannot issue work visas or have physical offices within the country.
Common Questions about Offshore company formations
Can it buy shares and hold assets?
You are able purchase any asset through an offshore company such as real estate and shares. Registration of an offshore company can be done remotely and you can still have a bank account with both a local and some international banks too.
Is shareholder information made public?
A UAE offshore company can be setup without your details appearing on a company register. Therefore if you wish to exercise discretion with regards to business dealings an offshore company can be ideal.
Can I open an Offshore company myself?
In order to open an offshore company you normally need to go through a registered agent such as ourselves. The agents details will appear on the register and they will take care of the complex paperwork involved on your behalf.
Do I need to reside within the UAE?
No. Directors and shareholders can be based anywhere in the world.