Offshore Company Formation in Dubai

OFFSHORE COMPANY

Offshore companies are International business entities that have their registered offices in UAE but are permitted to establish bases in regions offshore, outside of Dubai.

Setting up an Offshore Company in Dubai is a straightforward way to continue your work seamlessly in another country without paying any tax. It is a legitimate way to save thousands of dollars in tax.

If you are an International Business and want to save on Corporate Tax on your profits and wish to get off with all the complicated paperwork and reporting procedures then Offshore company would be your perfect choice of license to setup.

For instance, while conducting business activities primarily in the GCC, a businessman from any country may decide to base their offshore company in UAE. By doing so, they would be able to conduct international trade from a hub of commerce rather than their home country. It shall help them reach their principal trading partners easily as the location and easy taxation system of UAE catalyzes trading and businesses.

Benefits of Setting Up Offshore Business

UAE is quickly becoming a significant player in the global economy. There are numerous advantages to setting up your offshore business here:

No Personal Income Tax, Inheritance Tax, Residential Property Tax is levied. The amount saved can be reinvested in your business.
Businesses can retain 100% repatriation of capital and profits.
UAE Offshore Companies provide an opportunity for expanding internationally.
UAE is exceptionally stable in terms of economic, social, and political domains. It also has a strong rule of law, so your assets are well protected.
An Offshore Company does not need to be audited, nor must it publish its accounts. this makes them very private vehicles.
It enables you to open a UAE bank account and hold many different currencies.
You are in a better position to find easier to access global funding due to the strategic geographical location.
There are no trade restrictions, quotas, or regulations on foreign exchange, and the value of the US dollar relative to the UAE dirham remains constant.
UAE is a prominent hub for International Trade, which gives Investors many alternatives for possible global marketing outlets with a wide range of goods and services.
UAE has emerged as one of the world’s third largest export and re-export centres, after Hong Kong and Singapore.

Documents Required for Setting up an Offshore Company

Passport copies of Shareholders.
Proof of Address. (eg. Utility bills etc.)
Business Activity
Emirates ID and Visa copy for UAE residents
Digital Passport Photo

OFFSHORE COMPANY