UAE Offshore Company Formation In Dubai
Offshore company formations are by far the most popular business setup formations in the UAE. An offshore company is an international business entity that offer no tax or low tax benefits. In addition, they offer the ideal systems for business management, wealth management, application of smart international investment strategies, ease and freedom of business operations. Offshore companies are businesses that are registered in Dubai but allowed to set base in offshore locations that are located outside the city of Dubai. Dubai offshore company formation can take the form of limited liability companies, limited companies, and limited partnerships.
Dubai offshore company formation step by step guide
Apart from the aforementioned benefits, Dubai offshore company formation process is easy and requires a few weeks to complete. Offshore company formation starts with filling of an application that includes all required information and documents such as; valid passport copies belonging to shareholders, preferred company name, proof of residency for all shareholders, and detailed information about the nature of business to be carried out. The UAE offshore company formation in Dubai is straightforward and delays only occur when the application and documents contain errors. This explains why you need to work with Dubai offshore company formation specialists who help in preparation of the application documents and information to ensure no errors will result to delays. The offshore company formation specialist will also assist with other tasks such as; application of investors and employee visas and opening of corporate bank accounts.
Advantages of Dubai offshore company formations
- Great flexibility: Foreign investors are allowed to 100% of offshore companies they setup in Dubai. Moreover, investors are not required to have a physical location as is the case with other business formations in the UAE.
- Confidentiality: Details of company owners are not disclosed during the offshore company formation process. This makes offshore company formations ideal for foreign investors who wish to retain anonymity of their business dealings within the UAE and beyond.
- Tax advantages: For long the UAE region has attracted foreign investors due to its lenient tax regime. For instance, offshore company formations benefit for the no corporate income tax law.
- Bank accounts: Offshore companies are allowed to operate multi-currency bank accounts that facilitate international business transactions and guarantees money safety. Your offshore company formation specialist will help you in choosing the best multi-currency banking services provider in UAE as well as opening the required bank accounts.
Dubai is the core business hub that serves the entire Middle East region. It retains its position in the vast region by encouraging foreign investors to take advantage of the different business startup formations like the offshore companies. Offshore companies are also known as non-resident companies or international business companies because they are owned and controlled by foreign investors most of whom venture into international markets. As such, UAE offshore company formation in Dubai is ideal for Indian investors looking to have international business control.