No taxes No currency control No paid-up share capital No audit No citizenship limitations for company directors No limitations on the capital expatriation Learn more about offshore company formation
For example in EU Savings Directive obliges financial institutions in all EU member states to either disclose tax and bank information to the relevant tax authority, or charge clients a hefty withholding tax. Some banks in “tax havens” have agreed to disclose their customers details. These places include Jersey, Guernsey, the Isle of Man, the British Virgin Islands, the Cayman Islands, Switzerland, Liechtenstein, Monaco and San Marino.
UAE has long enjoyed a reputation of a secure, tax-free jurisdiction for international banking and company incorporation. UAE banks do not open any information about their customers and keep privacy as their highest priority. UAE is one of the fastest growing countries in the world with one of the highest standards of living.
UAE is not a “tax haven” or overseas territory of some country. It is an independent country with one of the fastest growing economies in the world, which offers all the benefits of a tax haven not being such, and far beyond. UAE is not a member of European Union or OECD, thus it doesn’t have to follow EU regulations. In the days of unstable global economy UAE becomes one of the best places for investment and protection of your assets.
This type of offshore companies is registered by RAK International Corporate Center located in Ras Al Khaimah.
Such company is allowed to carry out international business, have a UAE bank account and hold property in Dubai or other Emirates.
The price for RAK International Company formation is 3150 USD, including Agent’s fees.
This type of offshore companies is registered by JAFZA Free Zone Authority in Dubai.
JAFZA offshore can do global business and have a UAE bank account, as well as hold property in Dubai.
JAFZA might not be able to approve consultancy or service activities. Check out RAK ICC if you are doing those.
