An Offshore Company is either a Corporation, Limited Liability Company or a related entity incorporated in a country different to that of its owners’ country of origin, preferably in a tax haven. Dubai is that tax haven, attracting expatriate entrepreneurs and investors from across the world looking to extend their business footprint.
What makes Dubai the preferred destination for offshore company formation in UAE is a combination of factors. A few are listed below:
With assured high returns, tax benefits, asset protection and confidentiality legislation and cost advantage, Dubai Offshore scene is flourishing. It’s time for you to set up an offshore company in Dubai and capitalize on the prima facie benefits for high profitability and global outreach. Here’s a concise Dubai offshore company guide to help your cause.
The offshore company incorporation process gets underway when you suggest three names for your proposed company. It’s up to the registration authorities to pick the final name. Ensure the suggested names, neither contradict the intended business activity nor include names of cities, countries and continents. However, names indicating nationalities are permissible.
Decide what business activity you’ll be performing post setup. Choose from popular options, such as, but not limited to, Consultancy, Trading, International and Professional Services, Holdings, Shipping and Investments for setting up an offshore company in Dubai.
Determine who the principals, directors and shareholders will be. It’s obligatory to put together at least one shareholder and two directors to materialize the offshore company formation.
The offshore company registration in Dubai is subject to document approvals. Get your act together and submit the below-mentioned documents at the registration authorities.
Since any discrepancy in documents could cost you time and money, keep them in order.
Submit the application attached to the above-mentioned documents for approval. The process takes at least 3 business days, provided the documents are duly signed and in order. Upon approval, expect to get a Certificate of Incorporation, MoA and Share Certificates.
Now the offshore company formation in Dubai is successfully achieved, open a bank account to access easy lines of credit for business growth. Here’s a list of the needed documents for opening bank account:
The offshore company setup in Dubai has more to it than that meets the eye. A certain level of awareness about applicable regulations and compliance standards is essential to navigating the process. The documentation is tedious, taking a toll on your time and effort. Plus, the hassle of interfacing with several government departments and ministries is involved to acquire licenses and permits. Lastly, it’s mandatory to hire a registered agent for the company incorporation.
As the leading company incorporation consultancy, Danburite Corp is your best bet. Here’ why.
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