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UAE offshore company (IBC) formation

An international business company (IBC), also known as an offshore company, is formed under the laws of an international financial centre jurisdiction in a Free Economic Zone as an untaxed company which is not permitted to engage in businesses within the jurisdiction in which it is incorporated, i.e., an offshore company's source of income needs to be outside the jurisdiction of its incorporation. The offshore company can be incorporated/set up by either individuals or companies.


IBC setup provides the owners full control over their assets and in complete privacy from an offshore financial jurisdiction. Their entire businesses and commercial activities, including investments and banking, may be conducted under an offshore corporate ownership, thus keeping the name of shareholders, directors and officers completely private. In the vast majority of cases, the banks are prohibited, based on local laws to disclose any information on their clients.

Benefits

  • Limited Liability Company
  • No minimum capital requirement
  • Bearer shares permitted
  • No personal or corporate income tax
  • Issue of shares of only one class permitted
  • Requirement to have accounts audited on annual basis
  • Requirement to have an approved registered agent either within the Free Zone or in the Emirate of Dubai
  • Requirement to appoint shareholder, Directors, Manager and Secretary

About Samsun Godwin Consulting

Samsun Godwin, a well established network of business consultants based out of Dubai, helps you set up, market and manage your company in the UAE. Our experienced team of professionals can help you start your business anywhere in the UAE, be it the Mainland, Free Zone or Offshore.


We take care of all your business needs from day one itself, starting from your initial query to your final choice. Our commitment in providing our clients with the very best and our exceptional customer service standards form the grounds of our core value system. Our expert team is quick to identify your needs and deliver to your exact requirements in the most efficient manner.

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