Accenica | offshore jurisdictions - United Arab Emirates

United Arab Emirates

Main characteristics:

Company type	International Business Company (IBC)
Governing corporate legislation	The United Arab Emirates is a federation of seven constituent states, thus is governed by a federal government. This emirates federation was formed in 1971, under a provisional constitution. Up until the formation of the constitutional federation, each emirate had it own laws and regulations
Information published relating to company officers	There is no public register of company officers (Directors, Shareholders, Secretary)
Confidentiality	The UAE offer a high level of anonymity and privacy
Accounting requirement	No accounting / reporting requirements
Taxation	No taxes of any sort
Legislation	Islamic Low ( Sharia) is the main source for legislation in the UAE.
Standard Currency	AED
Time to form	7 working day plus delivery
Stability	Stable jurisdiction with very good reputation
Communication	Efficient communication means
Time zone	Convenient world time zone : GMT+3
Secretary required	No
Paid up capital requirement	Paid up capital 1000 AED/250$
Minimum shareholders / directors	Minimum of 1 Director / Shareholder
Bearer shares	Bearer Shares are permitted