Offshore Company Formation in Dubai-UAE

WHAT IS AN OFFSHORE COMPANY?

An offshore company is an organisation that is operated outside of its country of origin. An offshore company is also referred to an offshore company incorporation or organisation. It can be owned by an individual or can have multiple business partners or shareholders. The business activities of an offshore company are performed from outside of its legal registration country.

The offshore companies are framed under the no-tax jurisdiction law by the Government of the nation. The reason for this is to enhance the wealth management of the nation along with its economy. One of the main reasons for setting up an offshore company incorporation is to have reliability and confidentiality over the financial matters of the business. Another reason is to enjoy the reduction of the tax payment that is legal and certain. The offshore companies are also able to develop and grow their businesses without any interruptions regarding financial matters. The cut down of different types of taxes such as corporate tax, income tax, capital gains, property sales etc is a huge relief for the business owners of the offshore company incorporation.

FEATURES OF AN OFFSHORE COMPANY INCORPORATION IN UAE

To be able to set up an offshore company incorporation is a great way to start profiting and evolving as a business entity. Following are the features of an offshore company in any Emirate of the United Arab Emirates.

• No requirement of a corporate resident, as its director or shareholder
• No requirement to have a local as an sponsor or shareholder
• Being able to maintain UAE or worldwide deposits and bank accounts
• No requirements to maintain books and records
• Accessing a license to conduct banking and insurance business
• No requirement for a office space in UAE
• No requirement to have another business in UAE
• No requirement for a resident visa
• Flexibility to own real estate property in UAE
• No requirement for the shareholder or business owner to be physically available in the UAE for the company set up[/ap_toggle]

REASONS TO CHOOSE AN OFFSHORE COMPANY

There are various reasons for setting up an offshore company in the United Arab Emirates. As we have mentioned the benefits and features of an offshore company earlier in this article, here we will discuss why you should choose to have an offshore company incorporation in UAE. From so many benefits one of them is to have a 100% ownership of your business or company. Other reasons are mentioned below:

• Reduction of overall tax liability so that businesses can make a profit
• Operating under the name of an offshore company will ensure the confidentiality of the business
• Opportunity to attract foreign investors to work with the company
• Being able to have multiple shareholders or multiple investors
• Being able to open an offshore corporate bank account
• Being able to have an advanced banking system
• Having a flexible legislative framework

ACTIVITIES AVAILABLE FOR AN OFFSHORE COMPANY

• Offering advisory services
• Being able to buy, hold or sell stakes of other companies
• IBs Intermediary Brokers or Commission Agents
• Offering consulting services
• Operating general trading activities
• Offering other kinds of International and professional services
• Investments and joint investments opportunities
• Being able to own property or real estate property
• Operating shipping and ship management services

OFFSHORE COMPANY FORMATION LOCATIONS IN UAE

Currently, there are three locations for new entrepreneurs and investors to form their offshore company incorporation in the United Arab Emirates. These three locations are mentioned below:

• Dubai Offshore
• Ajman Offshore
• (RAK) Ras Al Khaimah Offshore