Advantages of UAE offshore companies
- No taxes
- 100% ownership
- Fast incorporation
- Low price
- Almost no restriction on activities
- No auditing
- Bank account in UAE or worldwide
- Multiple activities in one company
- No restrictions on nationalities
- Strict confidentiality of shareholders and beneficiaries
What’s an International Business Company (IBC)?
It can be considered as a synonym of Offshore company. IBC is a company incorporated in Free Economic Zone. It serves the purpose of carrying out international business of any type.
IBC is entitled to have a bank account in UAE. Shortly, if you need a company in tax-free jurisdiction and a bank account, IBC is for you.
IBC can be incorporated by individuals or companies. The source of income of IBC should be outside of the jurisdiction of its registration.
UAE is not a “tax haven” and not blacklisted by Financial Action Task Force (FATF).
Why IBC/Offshore company in UAE?
LEGAL BUSINESS
UAE is not a “tax haven” and not blacklisted by Financial Action Task Force (FATF). Opening an IBC in UAE, you are fully protected by the UAE law and carry out your business in a legal way by all international standards.
CONFIDENTIALITY
Many Offshore jurisdictions have Agreements with tax controlling authorities of different countries. It means that the name and the income of the end beneficiaries are not protected and must be disclosed by a request from these Authorities. In UAE all the details about shareholders and directors of IBCs are strictly confidential and cannot be disclosed by any request.
MULTIPLE ACTIVITIES
IBCs can be used for trading, intermediary or professional services, as property holding companies, shareholders or investors of other UAE companies. The only restricted activities are finances and insurance.
OFFICE LOCATION – DUBAI
Your company will have a registered office in Dubai – center of global business and prestigious destination for all international investors.
BANK ACCOUNT
IBCs can open bank accounts almost in any bank of the UAE and have numerous accounts in different banks. They also can open an account abroad.