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Information About UAE Offshore Companies

UAE offshore companies are governed by the UAE Companies Law 2009. UAE offshore company formation is a fast growing offshore business due to the significant economic benefits gained by formations of UAE offshore companies.

Under the act for UAE companies, several types of UAE offshore company formations are allowed. Some are the UAE Company Limited by Shares, Limited Liability Companies (Dubai LLC), UAE partnerships (Limited Partnerships, Limited Liability Partnerships and General Partnerships) and Investment Companies and Special Purpose Companies.

A UAE company that operates off shore is categorized as a UAE offshore company and does not have to pay taxes in UAE for income of an offshore company (i.e. money that is earned out of the UAE).

Some UAE offshore companies do have the privilege of operating in the UAE in special business areas called free zones. By so doing these offshore Uae companies can take advantage of special incentives that exist for investors and UAE offshore companies that are promote UAE trade and business.

Of the Uae companies, the Dubai LLC is founded on a concept similar to the US Limited Liability Company (LLC), whereby members are not referred to shareholders because of the membership interest that they hold rather than a share interest. Management of this Dubai offshore company is taken care of by the members who may also choose to employ a manager from outside manage the affairs of these Dubai offshore companies, the Dubai LLC.

UAE offshore company formation starts with the preparation of the Articles of Incorporation. The articles of offshore companies in UAE, must follow the requirement for UAE offshore company formation. Besides UAE offshore companies and the Dubai LLC, Dubai offshore companies also include Recognised Companies which generally refer to foreign companies that are allowed to conduct UAE business within the UAE as either an onshore or offshore UAE offshore company. UAE offshore companies i are required to have a local representative or agent in the UAE.

UAE companies that are structured as limited partnerships can be established for any lawful purpose. Only one person is required to incorporate offshore companies in Dubai as UAE offshore companies. These UAE offshore companies are regulated by the pertinent partnership law, such as for example the Limited Partnership Law (DIFC Law No. 4 of 2006).

There are no restrictions on the number of people that this type of UAE offshore company can have but at least one person must be a general partner and take up responsibility for the debts of this UAE offshore company. In addition to this UAE Company the limited partnership, limited liability partnerships and general partnerships can also be used for UAE business as UAE offshore companies.

UAE offshore companies offer many benefits to their owners which stem from the tactical location of the UAE, the success of UAE business following the organization of the Emirates in the early 1970’s and the political steadiness that the UAE is known for. There is no specific tax regime for UAE offshore companies and UAE domestic companies since both types of UAE companies are able to engage in international trade and benefit from the tax enticement and exemptions that are obtainable by every UAE offshore Company.

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