Offshore Company Formation in Dubai,UAE
The Alghaf Golden Business group has been at the forefront of offering offshore company formation in Dubai with expertise. Our services are customized to match up to the expectations of our esteemed clientele. We maintain complete privacy and confidentiality to keep our clients safe.
In the UAE, apart from Mainland and Free Zone companies, one more category is popular: an Offshore company. An offshore company can be defined as conducting its business activity in a location other than its place of origination and registration.
Offshore Company Formation in Dubai
An offshore company has to operate in an authorized jurisdiction and is issued a certificate of incorporation instead of a business license usually given to Free Zone and Mainland Companies in Dubai. An advantage of offshore companies is that they can undertake overseas transactions. This, along with the business-friendly environment in Dubai and tax exemption benefits, has influenced many foreign investors to have businesses registered in their country to establish an offshore company in Dubai. Offshore companies come under the ambit of international laws. Here both corporates and individuals can have ownership rights of the company. An offshore company`s business transactions and activities in its place of registration are limited. Presently investors can set up Offshore companies in two jurisdictions. One is the Jebel Ali Free Zone (JAFZA) in Dubai, and the other is the Ras Al Khaimah (RAK).
Benefits of an offshore company in Dubai
Investors and entrepreneurs have multiple intentions to pursue Offshore Company Formation in the UAE. For instance, there is all-around convenience for doing business conveniently out here. Moreover, there are various benefits of this business setup. Hence, making them one attractive proposition for any business to think about it.
Some of the benefits are as follows:
- 100 % foreign ownership allowed
- New business set up does not require a local UAE national sponsorship
- Quick and easy registration process compared to Mainland and Free zone company
- Tax exemptions
- No restrictions on international business transactions
- Multicurrency accounts allowed
- 100 % repatriation of capital and profit in any currency
- Financial Audits not applicable
- State Governments regulations do not apply
- Shareholder and directors` details are kept confidential.
Process for Offshore Business Setup Dubai
The Alghaf Golden Business group is a well-known name for providing excellent services for offshore company formation in the UAE. Setting up an offshore company requires knowledge and understanding of the legal process. Business consultants like Alghaf have a team of professionals who advise their investor clients on selecting the correct type of business in an offshore setup and assist in completing the documentation process.