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Loggerhead Corporate Services

Offshore

What is an Offshore company?
An “Offshore company” is the term used for companies established under jurisdictions that allow them to operate anywhere other than in the specific jurisdiction they are regulated. This arrangement implies an entity operating in a zero-tax environment, as it is always “Offshore”. Offshore companies are usually set up in relation to international commercial trade, provision of consultancy and other services, intellectual property management, franchise management, holding companies, tax efficient structures and wealth management, trust structures and other fiduciary arrangements.

Why a UAE Offshore company?
Historically, Offshore jurisdictions were dominated by Caribbean and Pacific Islands such as Cayman Islands, British Virgin and Marshall Islands. Today, the UAE is leading the innovation in Offshore jurisdictions offering a number of options across different Emirates and authorities. The UAE is a progressive, stable and wealthy nation. It has a very functional governing system, is a safe and exciting country to visit and reside, has strong financial institutions and is easy to access through a strong airline network. This has led to its acceptance as a regional hub in pursuit of innovation and excellence. As an independent

country it is not subject to rules found in Europe or the US. Therefore, it allows for more latitude in the structuring and disclosing of one’s assets.

Why Loggerhead Corporate Services?
We offer a reliable and predictable service with transparent pricing through an experienced team. Our philosophy is to understand our clients so that we can deliver our services efficiently. Understanding your business and your needs will help us with the entire process.

With regard to the incorporation of an Offshore company, we will facilitate the whole process for you, including preparing all necessary formation documentation to liaising with a local bank on your behalf once we understand your banking needs.

As your presence is required in Dubai for the bank account opening, the way we usually work is to arrange for you to sign the incorporation documents and bank account application form at the one meeting at our office. Alternatively, we can facilitate the company incorporation with you from your home country.

Your Offshore company will have an official office and postal address located in Dubai. The address of Dubai will be very recognisable to your clients wherever you do business around the world.

Double Taxation Avoidance Agreements (DTAA)
The UAE has DTAA with over 70 countries: Cyprus, Greece, Poland, Ukraine, Switzerland, Egypt, Algeria, Yemen, Tunisia, Morocco, Sudan, Syria, Lebanon, Mozambique, Pakistan, India, Sri Lanka, Philippine, Korea, Singapore, Indonesia, Thailand, Malaysia, China, New Zealand, Belarus, Turkmenistan, Armenia, Tajikistan, Mongolia, Azerbaijan, Austria, Germany, Finland, Italy, Czech, France, Belgium, Romania, Turkey, Luxemburg, Spain, Malta, Bosnia and Herzegovina, Seychelles, Mauritius, Canada, Netherlands, Bulgaria, Uzbekistan, Portugal, Ireland, Japan, Georgia, Bangladesh, Brazil, Chile, Colombia, Fiji, Hong Kong, Hungary, Jordan, Kenya, Latvia, Libya, Lithuania, Mexico, Montenegro, South Korea, Venezuela, Vietnam. The UAE is clear of the FATF blacklist or OECD 'blacklist' of tax havens. 

What are the choices for a UAE offshore company?
For Offshore company formations we can establish the entity at any active registry in the UAE. Currently, there exists three offshore registries, which are:
  • RAK International Corporate Centre – RAKICC  
  • Jebel Ali Offshore Company – JAFZA
  • Ajman Offshore Company – Ajman Freezone 
The advantages of an UAE offshore company are:
  • 100% foreign ownership
  • 100% import and export tax exemption
  • 100% income tax, personal tax, and corporate tax exemption
  • 100% repatriation of capital and profit
  • Asset protection
  • Confidentiality and privacy in operations
  • Tax efficiency
  • Risk management
  • Very low operational costs
  • No office space requirements
  • Ease of opening UAE bank account in multiple currencies
  • No minimum capital requirement
  • Fast incorporation process

Dubai

Capricorn Tower 1204,
SZR, (DIFC area)
P.O. Box 212 997
Dubai
United Arab Emirates

Tel: +971 4 358 7877

Nicosia

4 Menandrou Street
Gala Tower, Office 401
1066 Nicosia, Cyprus
Nicosia
Cyprus

Tel: +357 99 576 006

Zurich

Limmatquai 2
8001 Zürich
Switzerland



Tel: +41 79 330 2993
Loggerhead Partners
Loggerhead Corporate Services is a marketing name for the executive management solutions and consulting of Loggerhead Management Consultants and Loggerhead Partners Limited and its subsidiaries and affiliates worldwide.  Loggerhead Partners or any of its affiliates (collectively, "LP") makes no representation or warranty regarding the accuracy or completeness of the information herein.
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