Dubai Offshore Company Formation
An offshore company is a business which is incorporated outside the country where the investors live in. Foreign investors are welcomed to register their business set up...
Ajman Offshore Company Formation
AFZ authority started its functioning in 2014 and is the controlling body for an Ajman offshore company. It has easy access to both Western and Eastern markets ...
RAK Offshore Company Formation
The UAE RAK Offshore Company is cheap, economical and reputed in the region. When it comes to the international business RAK is the Economical Offshore in the UAE ...
International Offshore Companies
Offshore company means a business entity owned and operated from overseas. Danburite provide international offshore company formation services for our
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.
Why Choose Offshore Company in Dubai
What makes Dubai the preferred destination for offshore company formation in UAE is a combination of factors. A few are listed below:
Tax relief The prime reason that drives the offshore company set up in Dubai is the zero tax policy. No income tax, inherent tax, personal tax, corporate tax or any other form of tax/duty is levied, ensuring the highest possible return on investment.
Anonymity The expatriate entrepreneur can skip making public the ownership structure of the offshore company. With the record of the principals, board members and shareholders kept discrete, the highest level of business confidentiality is achieved.
Easy incorporation The offshore company formation process is simple and quick, accomplishable within 3 to 7 business days. Just one shareholder/director is required to register an offshore company in Dubai while the need for a physical office is eliminated.
Complete Ownership No need to involve a local partner for company formation, which means 100% ownership to the foreign entrepreneur/investor.
Asset Protection The regime safeguards the offshore company’s real estate, intellectual property and other assets from creditors with a “No Liability” Clause.
Foreign employees The Dubai Offshore company is entitled to hire any number of foreign employees and relocate them to Dubai, thanks to an easy and quick visa process.
Cost advantageAn offshore company registration in Dubai is either economical or at par with other Offshore, Mainland and Free Zone jurisdictions across the UAE.
Progressive business environment: Dubai is known for a sound and supportive infrastructure, ease of doing business, economic stability, banking facilities and a great reputation. That’s the kind of progressive ecosystem any business needs to flourish.
How to set-up an Offshore Company in Dubai?
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.
Step 1: Company Name
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.
Step 2: Determine the business activity:
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.
Step 3: Finalize the ownership structure:
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.
Step 4: Provide documents:
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.
- Passport copy of directors and shareholders
- Original address proofs (Any utility bill served within the past 3 months is acceptable)
- A concise Curriculum Vitae of shareholders
- Reference letter issued by a Bank
- Memorandum of Association (MoA)
- Share Certificate
Since any discrepancy in documents could cost you time and money, keep them in order.
Step 5: Application submission:
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.
Step 6: Bank Account Opening:
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:
- Passport copy
- Bank statement
- Bank Forms
How We Can Help You To Setup Offshore Company In Dubai
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.
- We operate with a team of experienced, knowledgeable and driven professionals, providing end-to-end company incorporation in UAE solutions.
- Company registration, bank account opening, documentation, secretarial, nominee shareholder and PRO – we cater to it all, purposefully and responsibly.
- Our team pulls together to ensure hassle-free and swift offshore company setup in Dubai and other jurisdictions across the UAE.
- Opposed to the industry norm of one-size-fits-all solutions, we tailor our services to your exact needs and budget for a truly personalized experience.
- We ensure your documents are in order and submitted timely to avoid delays and discomfort.
- We adhere to all regulations and compliance standards to ward off penalties, procedural delays and fiscal loss.
- We charge competitively across all services to restrict your upfront investment.
Get in touch and let us help you set up and run an offshore company in Dubai.