In the UAE, the nominees contracts or agreements are not considered by the Courts of Justice, as they are illegal in the UAE.
The risk is obvious, because the nominees are de facto the real owners of the company ( and the bank accounts, assets ). He is seen as such by the banks and the law. The nominee contracts are legally void.
What are Nominee Director/Shareholder?karsenna2016-11-04T01:52:09+04:00
“Nominee Director/Shareholder” are individuals or companies whose names are showing in the Memorandum of Articles and Association of the formed companies. They appear as the owners of the shares or the decision makers, while actually the formed is owned and/or managed by someone else. We call the latest the Ultimate Beneficiary Owners (UBO).
Such UBOs used such nominees, when they are willing to keep their ownership confidential.
Generally, an agreements and few documents, are signed between the nominees and the UBOs, to guarantee the real ownserhip of the shares to the UBOs.
Are the taxes rate really of 0%?karsenna2016-11-04T01:27:48+04:00
SocieteDubai.com is a website published by Gulf Smart Services FZE, located in Dubai, in the JLT area. Our company is duly licensed in the Emirates, and registered with the jurisdictions we are working with. We guarantee to our customers a professional, confidential service, with no intermediaries.
What is Offshore Banking?karsenna2015-09-14T18:53:00+04:00
By definition, is regarded as offshore bank or finance any bank or financial institution located in one country other than his own country of residence.
On the basis of this definition of the offshore banking, technically any bank could be considered as being offshore. But, in practice, we define as offshore bank only the banks which, in addition to be located in one country other than his own, offer and guarantee a high level of privacy and security to these customers.
Where should be established an offshore bank account?karsenna2021-02-19T00:45:50+04:00
It is important to choose the offshore jurisdiction where someone wishes to establish his offshore bank account.
The majority of the offshore jurisdictions offer adequate and prudent rules for maintaining the confidentiality of the account holder and the safeguarding of deposits. Some will offer more security, while others more privacy, and some, such as Switzerland, both.
Some popular, poorly organized and poorly regulated jurisdictions are manipulated and used by illicit depositors. These jurisdictions have naturally become prime targets of the FATF (Financial Action Task Force) looking for money laundering money or any other criminal activity.
We offer accounts in Dubai and Switzerland.
Why do I need a Registered Agent for my offshore company?karsenna2021-02-19T00:45:54+04:00
An offshore company can only be incorporated through a duly registered agent with the authorities of the jurisdiction coveted, which is obviously the case of SocieteDubai.com. It is the agent duty to run due diligence for any customer application. The agent evaluates and prepares the files for the incorporation of the new offshore company. He is constantly and simultaneously in communication with the customer and the authorities.
At SocieteDubai.com, we don’t resell a service of offshore company formation that we purchase from a third party who pratically handles the final incorporation. We manage ourselves the incorporations, which allows us to:
have full control over the operations and be able to give a 100% reliable support to the customer at any time.
ensure complete confidentiality to the customer.
ensure the incorporation of your offshore company within 24H.
We wish to give real meaning to the word “service”, which is our core business. We remain available to the prospect and the customer at any time before, during and after the incorporation of the offshore company.
We assist you, free of charge, for opening the bank account with the largest international and local banks here in the UAE. All have excellent services, provide internet banking to manage your account remotely and a debit card for your payments and cash withdrawals anywhere in the world.
We are dedicated to providing the services our customers need.
But what is a license ?karsenna2015-09-08T17:24:47+04:00
A license is a permit of limited duration granted to a company to undertake a defined trading, service or industrial activity. The license is issued for one year and renewed annually (365 days after the date of issue).
What is an offshore company?karsenna2017-04-05T16:23:49+04:00
An offshore company is an international business company incorporated under the laws of a jurisdiction (country), exempted of any corporate tax and with no rights to carry business within this jurisdiction.
Offshore financial centres were formed for offshore company formation, such as the juridictions of the British Virgin Islands (BVI), Bahamas, Belize, Panama, Gibraltar, Seychelles, Delaware, Hong Kong and recently Ras Al Khaimah in the United Arab Emirates.
Although the characteristics of offshore companies can differ from one jurisdiction to another, they will always have in common:
Exemption from corporate taxes
Preservation of the Privacy of the owners of the company
Large power to engage in various activities and Affairs
No obligation, either very limited, to maintain and produce an accounting
Power to issue registered or bearer shares
No obligation to appoint a local Director
A Local Registered Agent, like us, must represent the company to the juridiction
The privileged tax environment is seen as a fierce competition by some countries applying a tax on corporations. Indeed, offshore companies are used to optimize the business taxation and represent therefore a loss of profits in incomes for states applying corporate taxes. To this end, the OECD ( Organization for the Economic Cooperation and Development) puts huge pressures on these juridictions so that they change their policy on offshore companies.
Some jurisdictions (not all) sometimes give on some issues such as for example “the issuance of shares to bearer”. But obviously they resist these pressures, because for most of them, this specialty of offshore financial centre is their principal activity and source of income.
THE LEGAL ENTITY OF THE OFFSHORE COMPANY
An offshore company is a legal entity incorporated in what some people calls a ‘tax haven’, i.e. a country (or jurisdiction) with a zero or reduced taxation. Only a few flat-rate and very low fees are due by the company at the time of the creation and for annual renewal.
Commonly, the offshore company is used for operations of offshore banking , within the framework of international trade,investment activities, management and protection of financial and property assets. The offshore company cannot trade inside its country of incorporation.
The offshore company can therefore buy and sell goods and services, have a bank account, manage and control other companies.
The offshore company can be the owner of real estate properties , franchise , license , intellectual property.
The offshore company can hold and maintain assets in a safe and secure financial centre. The owner of the offshore company can therefore keep a 100% control on its assets. This is extremely confidential. In these jurisdictions, we are not looking for tax ID to allow the opening of a bank account for the offshore company. The revelation by the banker of a link between you and the bank account of the offshore company is a crime severely punished by the law of the concerned juridiction. Furthermore, there is no public registry of offshore companies to check the owner of any offshore company.