Telephone Numbers
Telephone Numbers
Offshore Company Formation in Dubai
For detailed information +90 542 381 3868 'Call.
An offshore company is a type of international business entity that offers zero or low tax advantages, as well as ease and flexibility in conducting business. Offshore companies registered in Dubai are permitted to have their offices located outside the city.
Establishing a company in Dubai offshore is a straightforward process that is completed within a few weeks. Offshore companies can be set up for international trade, as holding companies, shipping companies, for real estate ownership, registration of royalties and patents, and for international consulting services.
Setting up a business in Dubai offshore is an easy process that allows you to start your venture quickly. Follow the steps below to begin your business in Dubai offshore:
Select the company name and business activity - The name and commercial activity of the company are chosen with the involvement of legal counsel and trust.
Document submission - The documents are legally submitted and entrusted to the relevant authorities. This is done on behalf of the beneficial owner of the company.
Secure a business address – A business address is secured and a lease agreement is signed.
Corporate Bank Account - A Corporate Bank Account is opened in Dubai in the client's name so that commercial transactions can take place.
Draft a MoA – With the help of a business partner, a draft Memorandum of Association (MoA) is prepared and approvals are obtained from the relevant authorities. Other documents are also submitted for final approval so that a license can be issued.
Key Points Showing How Beneficial It Is to Start Your Offshore Business in Dubai, United Arab Emirates.
We've discussed why Dubai Offshore should be your priority for business setup. But what are the advantages of establishing a business in Dubai offshore? The benefits of a Dubai offshore company are as follows:
Quick and easy to set up
Flexible laws and no red tape. Get rid of excessive bureaucracy or adherence to formalities.
Tax exemption
Get 100% tax exemption on personal or corporate income or gains.
Get a corporate bank account
Create your corporate bank account in Dubai with your offshore company license in the United Arab Emirates.
Business confidentiality
There are no restrictions on currency exchange and money transfers.
100% repatriation
Achieve 100% profit repatriation to your home country and also enjoy tax benefits.
Asset protection
Secure and protected investments with full investment security.
Business setup in any jurisdiction requires a set of documents. The documents required for an offshore setup are as follows:
Business plan
You need to submit a business plan for at least three years, along with name reservations and the type of business activity.
Bank documents
You must have an original bank reference letter or a 6-month bank statement stamped by the bank.
Proof of Address
You need to provide valid proof of address, which can include any utility bill bearing a reliable address.
Shareholder Prerequisites
You must submit the resumes of the shareholders along with copies of their passports.
Get Consultancy for Dubai Offshore Setup
There are always two sides to a coin. The disadvantages of a Dubai offshore company setup are as follows:
Restriction on trade boundaries - As an entrepreneur located in Dubai offshore, you cannot trade on the Dubai mainland or in a free zone.
Restriction on business activities - The business activities that can be carried out with an offshore company formation license are fewer than those on the Dubai Mainland, and some activities like banking are restricted.
No visa provided - As an offshore business owner, you are not granted a Dubai visa.
Choose World Company Setup for Your Dubai Offshore Company Formation
Dubai's offshore license offers companies a cost-effective regulatory environment with full tax and tariff exemptions. Setting up an offshore company in Dubai is becoming a dream come true for every overseas investor, thanks to the excellent business financing infrastructure. World Company Setup enables your firm to have multiple bank accounts in various currencies to trade worldwide.
We provide effective solutions for your offshore setup and banking hurdles. Contact our business consultants today to start setting up your business in Dubai offshore.
There are 4 types of companies that can be established in Dubai offshore. They are as follows:
The liability of shareholders to the company's creditors is limited to the capital originally invested, i.e., the nominal value of the shares plus any premium paid in exchange for the company's issuance of shares. The name of a limited company must end with "Limited" or "Incorporated" or the abbreviation "Ltd" or "Inc".
A Segregated Portfolio Company (SPC) is a company limited by shares. An SPC can create up to ten segregated portfolios to separate the assets and liabilities of the company held within or on behalf of a segregated portfolio from the company's other assets and liabilities. The portfolios are combined if the registrar is satisfied with the knowledge and experience of the company's directors.
This type of company is created to serve as a special purpose vehicle. An RPC is a company limited by shares that states it is a restricted purpose company and specifies the purpose or purposes for which it was established. The company is subject to restrictions regarding the activities stated in its memorandum.
An Unlimited Company (UC) is a company, established with or without share capital, where the liability of its members is not limited. This means the members are jointly and severally liable to cover any shortfall in the company's assets to ensure the payment of any outstanding debts in the event of the company's formal liquidation.
An offshore license is the license that allows you to open an offshore company. By opening an offshore company, you can trade outside the city where you are established and also protect your privacy.
When you follow the rules, offshore banking is perfectly legal and offers you tools to better protect your assets against economic and government turmoil, while giving you greater currency diversification and financial strength.
An offshore company is a company incorporated in a jurisdiction other than where its main operations are located or where its principal investors reside. In a broader sense, offshore simply means a jurisdiction outside of your own.
No. This is one of the key differences between a Dubai Offshore company and an onshore company. Offshore companies do not offer the possibility of obtaining residence visas through them.
To set up an offshore company in Dubai, you must follow several steps of company registration. At World Company Setup, we strive to understand these unique rules and provide our clients with expert and reliable consultancy, updated on laws and administrative regulations, awareness of their rights, and cost-effective business solutions for their business needs and budget.
Dubai is one of the most preferred locations for entrepreneurs around the world to start a business. With its offshore setup facilities, traders are increasingly interested in setting up a business here. Due to regular reforms implemented by the government in favour of traders, the demand for offshore business setup in Dubai has increased significantly, making it one of the most popular choices for starting a new business in Dubai.
+90 542 381 3868
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