Login / Signup Offshore Company Formation in Dubai,UAE
An offshore company in Dubai is a business establishment that conducts its operation outside of the location of its origin or original location of registration. With the rise of offshore company formation in Dubai, UAE in 2003, the UAE has become a perfect hub for businesses across the world. Entrepreneurs and investors may have multiple intentions behind forming an Offshore company.
Offshore company formation in the UAE helps one to have 100% ownership in their assets in UAE and run their business in a profitable way. Some of the reasons to opt for an offshore company formation in the UAE:
To enjoy monetary benefits like tax exemptions
To garner international funding
To enjoy the benefits of investor-friendly laws and regulations
Future plans for business expansion.
To facilitate international trade
A Free zone company shares many benefits of an Offshore company. Both the Free zone and Offshore companies may seem identical, but they are not. Offshore company formation offers many benefits for foreign investors. And the major benefits are:
100% tax exemption is one of the major benefits of forming an Offshore company. Offshore company jurisdictions are devoid of personal tax, corporate tax, and income tax.
Zero import and export duty.
Offshore companies provide 100% foreign ownership benefits.
Investors enjoy full repatriation benefits when it comes to profits and capital.
A physical office is not mandatory. The investors can save the business set up cost related to office requirement.
The investors can enjoy business anonymity and confidentiality on monetary matters.
Offshore company formation allows hassle-free international transactions.
Offshore jurisdictions are devoid of currency regulations.
Enhanced scope of business expansion.
When it comes to shareholder requirements, offshore company formation permits a single shareholder.
For business set up, the minimum capital prerequisite is not mandatory.
The documents required for offshore company formation in Dubai are appended below:
Application in the requisite format
Address proof
Documents from Bank indicating the details and bank reference letter
Copies of passports of owner and shareholders
Copy of passport of the designate manager
Notarized Memorandum of Association (MOA)
Business plan
Curriculum Vitae indicating the owner’s professional data
The registration of a company in Dubai offshore necessitates certain aspects. Pursuing the laid down requirements meticulously will ensure that you receive your business license at the earliest. And your offshore company in Dubai can commence full-fledged business activities. Additional aspects concerning offshore companies in Dubai are as follows:
The offshore company can have a non-UAE resident also as a director. However, the manager (designated) must be a UAE resident
Offshore companies are not authorized to carry out businesses in banking, insurance and real estate sector
Physical office is not permitted for Offshore company in the UAE
There’s no annual governmental audit
UAE resident visa is not permissible
Offshore company is unauthorized to carry out business in Dubai Mainland
An Offshore company can hold shares in other companies as well