Superbly sited midway between East and West, and a convenient stopping-off point for global trade traffic. Add to this Dubai’s strategic location close to the Gulf entrance with easy access to the entire Arabian Peninsula, and it is easy to see why so many multinational giants have chosen the Free Zone as their regional distribution centre to reach the 1.5 billion consumers in the surrounding markets. One of the best ways to proceed with establishing a company in UAE is to set up a brunch of a BVI/ Seychelles or another offshore company. Local authorities are very familiar with the paper work and it makes the incorporation process much easier.
Taxation
IBCs pay no taxes in BVI and Dubai is a tax free state so no tax consequences would follow the Dubai registration.
Directors
A minimum of one director is required and corporate directors are permitted. Details of the directors do not appear on the public file in BVI but would appear on public record in Dubai.
Shareholders
A minimum of one shareholder is required and corporate shareholders are permitted. Whilst bearer shares may be issued, these must be retained by a licensed custodian. No details of the shareholders appear on the public file either in BVI or Dubai.
Annual Reporting
No annual return or accounts need be filed either in BVI or Dubai.
Local Requirements
As a matter of local company law, the company MUST maintain a registered office address both within BVI and Dubai and must also appoint a BVI registered agent. We would generally provide these services as part of our domiciliary services.
Secrecy
There are no specific statutory provisions governing secrecy in either BVI or Dubai.
