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In a company limited by shares, the liability of the shareholders to creditors of the company is limited to the capital originally invested.
Can be registered as a company authorised to issue or not to issue shares. Company name ends with “Limited” or “Incorporated” or the abbreviation “Ltd” or “Inc”.
Special companies with only limited corporate capacity to carry out specific functions. Usually used to issue debt instruments.
Also known as a protected cell company, this type of company demarcates the assets and liabilities of different classes (or sometimes series) of shares from each other and from the general assets of the SPC.
A hybrid corporation created with or without share capital. The shareholders or members have a joint, several and non-limited obligation to supply any insufficiency in the assets of the company to enable the settlement of any outstanding financial liability in the event of the company’s formal liquidation.
The method which enables a company to move its domicile from one jurisdiction to another by changing the country in which it’s registered or incorporated without changing its legal identity. Used for many purposes, most often to make the most of a tax-free environment and/or to take advantage of Double Taxation Agreements, to make entry into special capital markets or to match their place of registration with their shareholder base.
A Corporate Registry based in Ras Al Khaimah, RAK International Corporate Centre (RAK ICC) holds the responsibility for the registration and incorporation of International Business Companies (IBC).
A modern, world-class Company Registry, it adheres to international standards and complies with best practices of the business formation industry worldwide.
Offshore companies can hold real estate, stocks, and other assets inside the UAE. They can also conduct general trading, consulting, professional services, and other activities outside the UAE.
Depending on the purpose of the company, it can take between two days and two weeks to set up a UAE offshore company.
The total cost of establishing a UAE offshore business will depend on the nature of your requirements. For a full and personalised quotation, contact the team at Worldwide Formations.
Yes. One of the major advantages of offshore company ownership is that it affords access to a range of the UAE's world-renowned banking products and facilities.