Benefits of registering the company
The jurisdiction of the country does not provide for introduction of authorized capital at company registration. Offshore companies opened in the UAE can be executed without the need to use a nominal service. There are no requirements for different persons who are owners and managers of companies. Among the obvious advantages that distinguish the United Arab Emirates among other countries that offer the possibility to open offshore companies, you may find:
Zero taxation rate in the country;
No need to submit financial statements for companies;
No currency control;
Full confidentiality of owner of the company.
The account required at the initial stage should be opened only with the local bank and only with the personal presence of the client. The procedure itself takes about three weeks. Opening a bank account includes:
Original corporate documents;
Reference letter of the main financial institution that the Company cooperates with (translation into English);
Financial statements on asset flow on the main account (translation into English);
Documents confirming the residence of the client at the address specified in papers (utility bills, etc.).
The company “Private Financial Services” is engaged in consulting and provides a full range of services related to the opening of offshore companies in the United Arab Emirates. Thanks to our extensive experience, our specialists thoroughly know the entire scheme of working with the local legislative framework. Our company offers not only assistance in opening offshore companies, but also registration of resident companies and enterprises in the FEZ. We provide related services for opening accounts and obtaining visas.