How to setup offshore company registration in dubai?

Setting up a business in Dubai is the wisest decision you could possibly have taken. Dubai is one of the best places in the world to set up a business. Dubai is the business hub of the world. As an open economy, it provides a gateway to the market all around the world. More importantly, geographically Dubai is a strategic place for imports and exports. It has become an important business destination for all the investors around the world.

Dubai provides a business-friendly atmosphere and allows foreign investment. Its business-friendly environment has created dynamic business opportunities. It is the first one to open economic free zones for business purpose.

Offshore Companies in Dubai

What is an offshore company and how is it different from an onshore company in Dubai? That will be the first question that comes to your mind when you hear about offshore companies. An offshore company in Dubai means a company registered in Dubai; however, all the activities of the company must be outside of Dubai. An offshore company cannot have a real office in Dubai. There is no minimum capital required for setting up an offshore company in Dubai. It is a wholly owned LLC which is tax exempt. An offshore company in Dubai does not have annual accounting and tax obligations. It is to be noted that an offshore company cannot conduct trade in UAE.

Advantages of Offshore Company in Dubai

An offshore company in Dubai is easy to setup compared to other business types. An offshore company in Dubai allows 100% foreign ownership. Even though an offshore company cannot have an office in Dubai, it can own real estate properties which are approved by the authorities. It is not necessary for an offshore company to hold a public record of its directors, shareholders, and board of members. It also ensures a high level of confidentiality and anonymity of your business. The registration of an offshore company in Dubai is faster and hassle-free.

An offshore company in Dubai can open a bank account and can support transactions. The company is exempted from income tax, corporate tax, or customs duty. The advantages of an offshore company are effective assets protection, risk management, financial confidentiality, no red tape, low registration cost, and foreign investments.

Offshore Company Registration in Dubai

The registration process for an offshore company is entirely easy and simple if supported by a qualified registered agent. The required document for registration depends on the type of shareholders – individual or corporate. To form an offshore company in Dubai, Individual shareholders have to submit their passport copy, residential proof, bank reference document, details of the shareholder, preferred name of the company to be formed and its activities and the hierarchy of beneficiaries. For corporate entities, an attested certificate of incorporation along with memorandum of association, board resolution, and parent company certificate mentioning the name of directors/shareholders, passport copies, financial record of parent company and hierarchy of beneficiaries are to be submitted.

Usually, the registration takes only 2 days. The offshore company registration can be done without visiting Dubai, however, the visit is required if you want to open a bank account. Registration of an offshore company is easily done with the help of a registered agent.

Hire Crosslink International for easy and simple offshore company registration in Dubai.

Business setup is a group, have been helping people across Uae in terms of improving business and setting up a businesses.