Offshore company in Dubai / UAE who?

[JohnLocke]

And no foreigner should invest in USA and get in bed with IRS. Delaware companies are a loophole for tax havens created by US govt to get money in USA tax free and that's the best way for foreigners and for Trump and the very rich Americans too. But US properties are not recommended as they are taxation nightmares. UK on the other hand is much much better. A lot of rich foreigners including UAE citizens have invested in London properties for a reason.

Let's not discuss the obvious things: UAE has shariah laws in place, however they have been trying to be very proactive in having them modernised. You still cannot officially live with partner in UAE without marriage, also only male guardian can sponsor the kids for dependant visa. Female guardian needs male approval for the same. We can mention a lot of other things or differences (e.g. inheritance laws upon death - shariah laws apply to everyone including expats, unless there is a proper will in place), so let's not discuss the obvious cultural and religion differences.

I totally agree with @BlueMist don't turn this into a religious thread, keep it to the topic, I hate to moderate threads

Please stick to the topic or I will start deleting posts in this thread which have zero relevance to the initial question!!

I will start to give warning points from now on.

 

[BlueMist]

Yes, back to the topic. I have been using FBS services in Malta and Cyprus for almost 10 years. Their HQ moved from Cyprus to RAK (UAE) few years ago with some of the staff. I have never had any issues with them and hope they provide a good service in UAE as well. I would definitely keep any low cost sales pitch prices with a grain of salt, it is to attract the attention mainly but there are usually a bunch of other fees involved.

In Dubai I would consider Freemont as well, they always had very positive feedback in the past and I hope it remained with the ownership change. My recent email exchange with them was positive as well. I suggest to subscribe to their newsletter, as they send quite informative emails and this is one way to get to know the provider a bit better.

Also one more thing I would like to point out is that this pandemic has shown a lack o national unity between Abu Dhabi and Dubai when it comes to restarting the economy, bringing back tourists, traveling from/to Abu Dhabi etc. If I were doing it all over again, setting up freezone company with residence visas, I would strongly consider paying a bit more to have a Dubai based company and residence visa.

 

[Andy Korzh]

Yes, back to the topic. I have been using FBS services in Malta and Cyprus for almost 10 years. Their HQ moved from Cyprus to RAK (UAE) few years ago with some of the staff. I have never had any issues with them and hope they provide a good service in UAE as well. I would definitely keep any low cost sales pitch prices with a grain of salt, it is to attract the attention mainly but there are usually a bunch of other fees involved.

In Dubai I would consider Freemont as well, they always had very positive feedback in the past and I hope it remained with the ownership change. My recent email exchange with them was positive as well. I suggest to subscribe to their newsletter, as they send quite informative emails and this is one way to get to know the provider a bit better.

Also one more thing I would like to point out is that this pandemic has shown a lack o national unity between Abu Dhabi and Dubai when it comes to restarting the economy, bringing back tourists, traveling from/to Abu Dhabi etc. If I were doing it all over again, setting up freezone company with residence visas, I would strongly consider paying a bit more to have a Dubai based company and residence visa.

Also used it on Cyprys and Malta

 

[AMD]

With a RAK offshore entity? No visa and virtually no access to banking?

Is that how it is? someone can confirm it?

 

[kinglion]

Is that how it is? someone can confirm it?

is not correct.
i have researched the internet and found out that if you have a residency visa you can open an account without any problems

i have no personal experience yet. only what i have read

 

[AMD]

thanks for commenting and taking the time to reply. Now I just wonder if what you read is also the truth. Many incorporation services, not just the one in the UAE but all over the globe, tend to advertise with services they are unable to fullfilm.

You can check the mentor group there are 2 great examples about too of such s**t services.

I have also read many times that an agent is able to help you setup a bank account for your RAK or Dubai company and no personal visit is required, unfortunately I'm unable to travel no so I can't say if it is true or not.

 

[kinglion]

thanks for commenting and taking the time to reply. Now I just wonder if what you read is also the truth. Many incorporation services, not just the one in the UAE but all over the globe, tend to advertise with services they are unable to fullfilm.

You can check the mentor group there are 2 great examples about too of such s**t services.

I have also read many times that an agent is able to help you setup a bank account for your RAK or Dubai company and no personal visit is required, unfortunately I'm unable to travel no so I can't say if it is true or not.

could you please send me the 2 examples via PM?

About bank account:
if you hire an agent you pay so much money for nothing.Because they don't do anything else but fill out a form with your data. To open an account you still have to go to the bank personally.

 

[erni]

I assume @AMD referred to this one
https://www.offshorecorptalk.com/forums/removed-from-the-public-forums-secrets.55/

 

[CaptK]

Is that how it is? someone can confirm it?

RaK offshore (RAK ICC) doesn't give you residency and bank account in the UAE is impossible.

Only good for holding domain and assets.

 

[erni]

RaK offshore (RAK ICC) doesn't give you residency and bank account in the UAE is impossible.

what does it require in your opinion ?

 

[CaptK]

Any of the offshore jurisdictions but it's a discussion for another thread.

 

[cyprusbanker]

The title of this thread says Offshore company in Dubai / UAE so now I would like to ask, what would be the very best place in the UAE where it also would be possible to get an EMI or bank account for the company?

 

[CaptK]

what does it require in your opinion ?

My opinion is if you want a cheap set up go Ajman Freezone, Ajman Bank are looking for customers but they are a bit antiquated.
Fujeirah are quick and a little more expensive.

 

[sonato]

Fujeirah are quick and a little more expensive.

you mean I can go there myself once we can travel and they can set it up within a weeks time?

 

[CaptK]

you mean I can go there myself once we can travel and they can set it up within a weeks time?

You can register remotely before you go but budget a week for biometrics, blood test and ID card.

 

[lory]

I would like to know what agent to use to setup a Dubai company or a company in the UAE?

As you can read already I have not much knowledge about setting up anything in that direction so any input is much appreciated.

So far I have been looking at UAE Company Formation | UAE Company - Set Up from $1,025 | FBS UAE but the website looks strange.

Can someone avoid all the noise and just answer the above question?

 

[JohnLocke]

Can someone avoid all the noise and just answer the above question?

second that, we should consider to make a list of providers of company formation services in the UAE.

 

[AMD]

How complicated can it be... there are several mentioned on OCT already. I would say it is just to go ahead.

 

[gmbh]

RaK offshore (RAK ICC) doesn't give you residency and bank account in the UAE is impossible.

Only good for holding domain and assets.

This is strange because @Fred guarantees a bank account in UAE.

Anybody else who has experiences to get a corporate bank account in UAE?

 

[Gediminas]

This is strange because @Fred guarantees a bank account in UAE.

Anybody else who has experiences to get a corporate bank account in UAE?

No one can guarantee a bank account. Period.