OFFSHORE COMPANY FORMATION IN DUBAI

 

 

With so many business structures to offer, a Dubai offshore company is another good option for incorporating a business in the United Arab Emirates. From the highest level of asset protection to tax exemption, Dubai is an ideal place for setting up an Offshore Company. Dubai offers incorporations in Jebel Ali Free Zone, RAKIA Free Zone and Ajman offshore. Also known as International Business Company, this business form functions just like another company, with the difference being of tax benefits, confidentiality, security, and privacy. However, an offshore company is mostly for invoicing international clients, asset protection, holding shares in another firm and maintaining a corporate bank account. This business type is ideal for the businesses that do not require an office space such as passive investment activity (holding shares in a company, real estate, or trading outside the United Arab Emirates).

 

 

What is an Offshore Company?

 

Simply put, Offshore refers to registering, managing and operating a business in a jurisdiction outside its own jurisdiction, often with legal, financial and tax benefits. This Company is also known as an international business company (IBC) or Non-Resident Company. Like other business structures, a company may enter contracts, sell and purchase products/services, and open bank accounts.

 

The concept of an Offshore Company in Dubai is similar to other locations in the world. However, rules and regulations may vary from place to place. Some of the features and characteristics of forming an offshore company in Dubai are:

 

•  For incorporating an offshore company, a registered agent is required
•  Corporate Bank account opening is permitted
•  Capital can be divided into any denomination
•  Dubai offshore company can have a minimum of one and a maximum of 50 shareholders.
•  The liability of the shareholders is limited to their shares in the capital of the company
•  To denote Limited Liability an offshore company must use the suffix Limited or Ltd.

 

Advantages of Offshore Company Formation in Dubai

 

•  Highest level of anonymity, privacy, security and confidentiality of asset protection
•  Tax optimization
•  Ease of registration
•  Conduct business internationally
•  Liberal bank account opening and maintenance
•  Easy fund transfer
•  100% foreign ownership allowed
•  100% tax and duty exemption exist on UAE offshore companies.
•  No office required
•  Low maintenance and operational cost
•  You can hold a corporate bank account

 

Limitations of an Offshore Company

 

While there are many advantages of incorporating an offshore company ion Dubai, there are some limitations as well.

 

•  An offshore company cannot do business in the United Arab Emirates, i.e. an offshore company is not permitted to directly trade with the local UAE market. However, an offshore company can open bank account in UAE
•  Virtual offices are only allowed in limited free zones (AJMAN, RAKIA, RAK, JAFZA)
•  A Dubai Offshore company is permitted to hold shares and property within the United Arab Emirates
•  Residency Visa is not allowed

 

Getting a professional help for Dubai Offshore Company

 

Since its inception, ExecPro has worked on easing the complex registration and formation process in Dubai by offering hassle free offshore company formation.

 

Our hassle free services are designed to save the precious time and efforts of our clients. From start to finish our professionals will be there for you, guiding and assisting you on all that is required to form an offshore Company in Dubai. For more, please get in touch with us today.