Establishing an offshore company in Dubai

Establishing an offshore company in Dubai is an excellent investment opportunity, since Dubai is the land of investments, which embraces all legal investment transactions and provides all support and means of success to investors from different parts of the world and with different capitals and company sizes.

One of the types of investment supported by the UAE government is establishing an offshore company in Dubai. This type of investment provides investors with the possibility of carrying out business or projects outside their country of residence and establishing their business in Dubai.In this article we learn about On the characteristicsof establishing an offshore company in Dubai in addition to establishing an offshore company in Dubai and many points of interest to every investor.

 

Establishing an offshore company in Dubai

 

Characteristics of establishing an offshore company in Dubai


It is any business or investment that is carried out in a country outside the investor’s country of residence. This type of investment is one of the advantages that the UAE provides to investors wishing to register a tax-exempt commercial activity in another country outside the country of residence.The laws that support the establishment of an offshore company in Dubai stipulate several rules to regulate the investment process in Dubai. These rules stipulate the following:

  • Clarifying the actual type of activity of the company.
  • Explaining the source of the company’s financial flow.
  • Knowing the actual (ultimate) beneficiary.

Several characteristics are available when establishing an offshore company in Dubai, as UAE laws and regulations support this type of company and provide it with the following:

  • Offshore companies are not subject to taxes in Dubai.
  • The government provides great facilities that allow offshore companies to exchange and spread globally.
  • Providing flexible and easy-to-use trading systems.

 

Establishing an offshore company in Dubai

  • Offshore companies are not permitted to establish business with individuals residing in the UAE.
  • The authority of offshore companies is unlimited according to the laws of their articles of association.
  • Owning an interest in real estate in the UAE is not permitted. She is only entitled to own what the state approves and lease contracts in accordance with the regulations.
  • An offshore company cannot engage in banking, insurance or reinsurance business.
  • Any activity that is not permitted by the regulations and laws of the country may not be undertaken by an offshore company.
  • Establishing an offshore company in Dubai requires obtaining a commercial license in Dubai in order to practice investment activities legally.

 

Laws for establishing an offshore company in Dubai

  • The number of shareholders and directors in the offshore company: At least one shareholder or director.
  • The capital for establishing an offshore company in Dubai has any value divided into any category.
  • The right to 100% foreign ownership.
  • Tax exemptions for offshore companies of 100%.
  • The possibility of opening a bank account in Dubai. There are no conditions for the minimum deposit of capital in the bank.
  • All shares are paid in full upon allotment and no bearer shares or different classes of shares are permitted.
  • Audited financial statements can be requested.

 

Offshore company registration in Dubai

  • The Registrar can refuse to register a company for any reason and the Registrar is not obligated to provide reasons for refusal.
  • If the Registrar approves, the company’s bylaws will be registered, including:
  • Offshore company registration certificate.
  • Granting the registered number to the offshore company.

If you wish to change the registered name, the change shall be made according to the following:

  • Changing the name of the offshore company to an acceptable name in accordance with the regulations.
  • When the name of the company is changed, the Registrar registers the new name in exchange for the previous name and issues a certificate of incorporation with the new name.
  • Changing the name of an offshore company in Dubai does not affect any legal procedures or formalities in the company’s dealings.
  • If the new name of the company is incomprehensible or does not fit with the regulations, the Registrar may notify the company to change the name.
  • The offshore company must comply with the directive within one month from the date of issuance.

 

Advantages of establishing an offshore company in Dubai

  • The right to 100% foreign ownership.
  • There are no restrictions on foreign currencies.
  • The right to recover capital and profits.
  • There is no need for an Emirati sponsor.
  • There is no need for a public register of company employees.
  • Complete anonymity.
  • Owning real estate in accordance with the laws in the area approved by the responsible body.
  • Possibility of creating multi-currency bank accounts.
  • Tax exemption for companies and individuals.
  • Reduced costs required to establish the company.
  • No need for an internal office or employees.
  • Deposit only minimum capital.

 

Advantages of establishing an offshore company in Ajman

Establishing an offshore company in Ajman brings many advantages to the investor, except that there must be an authorized agent to establish the company, and the company’s address in Ajman matches the address of the approved agent.

  • No need for office space or employees.
  • Ease and speed of establishment procedures.
  • Complete anonymity.
  • Establishment costs are relatively low.
  • You do not need an audit report.
  • Possibility of opening two bank accounts in the country.

 

Advantages of establishing an offshore company in Ras Al Khaimah

There are many advantages that allow the investor to establish an offshore company in the Ras Al Khaimah Free Zone thanks to the ease, flexibility and speed of procedures.

  • The right to full foreign ownership.
  • There are no restrictions on foreign currency.
  • Freedom to recover profits and capital.
  • Full tax exemptions for companies and individuals.
  • There is no need for an Emirati sponsor as a partner.
  • The possibility of opening two bank accounts and placing the minimum capital in it.
  • Only one individual can serve as a director and shareholder.
  • There is no need for an office, administrative headquarters for the company, or employees.
  • Low setup costs.
  • Complete confidentiality and information protection.

 

How do we help establish an offshore company in Dubai?

Investor and thinking about establishing an offshore company in Dubai and looking for assistance in the procedures for establishing an offshore company in Dubai? You are in the right place to take the first step in establishing an offshore company in Dubai. We are one of the largest companies that provide investment services in Dubai and we provide all support methods to our clients, because we are distinguished by the following:

  • Years of experience in establishing offshore companies in Dubai and free zones.
  • We have a team trained in legal procedures and transactions with the competent authorities in Dubai.
  • We specialize in obtaining and renewing all commercial licenses for various activities.
  • We are distinguished by our quality and completing all procedures in the quickest time and at the lowest costs.
  • We provide offices, warehouses and warehouses for rent at the best prices in Dubai.
  • Providing full support and problem solving 24 hours a day, 7 days a week.
  • We provide legal advice through the most qualified legal consultants in the field of investment in Dubai.

At the end of this article we would like to have shed light on what you are looking for about how establishing an offshore company in Dubai which includes the advantages of establishing an offshore company in Dubai, and we learned about the characteristics of establishing an offshore company in Dubai in addition to the laws of establishing an offshore company in Dubai.

For more information about establishing an offshore company in Dubai and to request assistance in obtaining commercial licenses and dealing with government agencies to complete all procedures and papers, contact our work team now and book your consultation with us.

 

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