Everything You Need To Know About Setting Up An Offshore Company In Dubai
Offshore company set-up is one of the 3 types of companies you can set up in Dubai. You can learn more about the other types here. Al Zora is the perfect, tax efficient and beneficial Company structure for business owners who are looking to undertake international trade operations.
An offshore company (UAE) can also be termed as a non-resident ‘Paper Company’ that makes it possible for foreign business owners to conduct trade in Africa and the Middle East without any issues or administrative hassles. Ultimately, an offshore company UAE is an autonomously owned LLC which is legally exempted from tax and hassles of annual accounting and taxation.
Offshore Company registration in Dubai is done majorly for the following
- International Trading
- Holding Company
- Shipping-Operations Based Company
- Real Estate Ownership
- Registration of Patents and Copyrights
- Services for International Business Consulting
The Jebel Ali Freezone Offshore Companies Regulations 2003 govern the Offshore Company formation Dubai.
Advantages of Offshore Company Setup Dubai
- Offshore Company registration in Dubai is faster and more hassle-free as compared to other types of Company set ups in UAE.
- Without the tax implications, Offshore company casts a viable impression on prospective clients, suppliers and venture capitalists.
- Offshore Company in Dubai is an ideal mode for international trading because it is exempted from Corporate Tax if structured properly.
- An offshore company formation (UAE) is a quick way to obtain a corporate bank account in Dubai.
- Offshore Company in UAE is free of all yearly accounting hassles.
- Banks, suppliers, Governments, and investors around the world can decipher Offshore company (Dubai based) documents because they are bilingual i.e they use both Arabic and English languages.
Disadvantages of Offshore Company setup Dubai
- An offshore Company in Dubai is restricted for carrying out trade operations in Dubai and UAE
- Restrictions are also imposed on Offshore Company UAE from renting local premises in UAE, employing staff or getting a space of work visa for the staff.
- Offshore company formation in UAE is costlier as compared to other types.
- These companies are restricted to invest in Dubai Real Estate.
- Offshore companies in UAE receive feeble Customer Support from banks.
Al Zora experts hold vast experience in offshore Company setup Dubai. We make it as simple as a breeze and help you with Offshore company formation UAE. All you need to do is keep your documentation complete and we take care of the rest for you.
Here are the documents you’ll need to register an offshore company
- Copies of passports of all directors and shareholders
- Recommendation letter from the bank
- Address proof of shareholders – these maybe utility bills, account statements with address etc.
We also help you in setting up your Dubai bank account with a reliable banking-partner based on factors like your choice of bank, the requirement of minimum balance, presence at the time of account setup etc.
Keep all the money that is yours
We get every business and personal tax deductions and rebates you are entitled to ensuring the maximum tax refund.
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