Dubai

Advantages of a UAE (Dubai) International Business Company 

• 100% income tax exemption
• 100% corporate tax exemption
• 100% capital and profit repatriation
• 100% ownership in Free Zones
• No capital gains tax
• No value-added tax
• No withholding tax
• Proximity to Gulf and global markets 

Main features of a UAE OFFSHORE COMPANY 

• It does not need to have physical offices in the UAE.
• It may not carry on business within the UAE.
• It may not obtain a UAE residency visa.
• It can have non-UAE residents as directors or shareholders.
• It can have UAE residents as director or shareholder.
• It can have corporate shareholder(s)/corporate director(s)
• The shareholder/director does not need to be physically present in the UAE for incorporation.
• It may own real estate in the UAE, with prior authorization from RAK Investment Authority.
• It cannot operate a banking or insurance business without a special licence.
• It may maintain bank accounts and deposits in the UAE or worldwide.
• It is not obliged to maintain any books and records.
• It may hold shares in other UAE and worldwide companies. 

Main activities of an International Business Company

Activities held outside the UAE

• General trading
• Consulting and advisory services
• Holding company
• Property ownership
• International services
• Professional services
• Shipping and ship management companies 

Activities done within the UAE

• Holding assets
• Invoicing
• Holding a bank account
• Property Ownership (freehold areas) 

Documentation required for UAE company registration 

·         Application form
·         Proof of residence (for each shareholder/director)
·         Passport copy - all pages (self-signed)
·         Original bank statements – no more than 3 months old (for each shareholder/director)
·         Original bank reference (for each shareholder/director, and for a company, a set of company documents self-signed)
·         Board resolution if account is to be operated by an individual
·         Company mailing address