Dubai is the
seventh emirate
of United Arab
Emirates (UAE)
and expands along
the Arabian Gulf
coast of the UAE
for 45 miles and
has an area of
2,400 square miles.
The population
is Dubai is one
million. Expatriates
make up 82% of
the population.
Arabic is the
official language
and English dominant
language in business.
The discovery
of oil in 1966
and prudent economic
policies has made
Dubai a thriving
city. The ruling
family, starting
with Sheikh Rashid
bin Saeed Al Maktoom
and succeeded
by his son Maktoom
bin Rahsid Al
Makhtoom and now
the current ruler
and vice-president
of the UAE Sheikh
Mohamed bin Rashid
Al Maktoom have
made Dubai into
affluent modern
city state.
It is widely
accepted the
new and current
ruler of Dubai
Sheikh Mohamed
bin Rahsid Al
Makhtoom devised
the business
plan which has
been responsible
for the unprecedented
outbreak of
economic activity
and huge boom
in Dubai’s
economy over
the past five
years.
Advantages
of Dubai Offshore
Company Formation
Company
Formation
expertise
Value
Secrecy
Banking
services
Legal
system
Political
stability
in Dubai
Prestige
Dubai has historical
and friendly ties
with the United
Kingdom. The Dubai
government has
a proactive approach
to foreign investment
actively promoting
the city’s
important business
sectors in its
successful drive
to diversify the
economy. Dubai
is now the undisputed
business hub of
the Middle East.
The city popularity
is further enhanced
by its modern
infrastructure
and tax free status.
Dubai
Offshore
Company
Registration
Dubai
is not a signatory
to any international
exchange of information
agreements. This
is not predicted
to change as Dubai
have no taxation
gain from the
participation
of such treaties.
This provides
high levels of
security, privacy
and asset protection
for companies
and individuals
incorporating
a company in Dubai.
With the exception
of banks and companies
involved in the
oil industry all
Dubai companies
are free from
corporation tax.
There is also
no income tax,
capital gains
tax and inheritance
tax.
It is important
to note that there
is no public record
of a company’s
directors or shareholders
in Dubai. There
is also no taxation
department. The
personal information
and details of
a company’s
activities will
remain private
in Dubai.
Dubai’s
Jebel Ali Free
Zone offers an
ideal offshore
company vehicle
for foreign operators.
Although trading
inside the Free
Zone can be carried
out under several
different types
of license the
most common is
a “Jebel
Ali Offshore Company”.
Dubai Free Zone
A Free Zone Establishment
- or FZE - is
an establishment
formed and registered
in Jebel Ali and
regulated solely
by the Free Zone
Authority.
Such establishments
must have a capital
of at least Dh
1 million and
liability will
be limited to
the amount of
paid-up capital.
A FZE need only
have a single
shareholder and
is an independent
legal entity.
Dubai offshore
company may be
used for a multitude
of activities
which many include
tax mitigation,
estate planning
and asset protection.
It is possible
to hold Dubai
property and other
assets in privacy
through a Dubai
offshore structure.
To benefit from
Dubai’s
superior banking
privacy legislation
client may establish
a offshore bank
account in Dubai.
Please read our
offshore banking
section for further
information. In addition to incorporation services in Dubai we offer British Virgin Island Companies, Seychelles company formation, Seychelles company formation and Panama Offshore Companies.