OFFSHORE COMPANY FORMATION
Dubai has always been a prime location for entrepreneurs. But setting up a remote company in the UAE and trading with the middle east and Africa is an option that suits many investors and traders.
An Offshore company is characterized as a company that is established in a jurisdiction other than where the proprietor resides. In other words, an offshore company is essentially an entity operated remotely.
Business setup in Dubai Offshore is an ideal choice as It is tax-efficient and cost-effective for businessmen who are into international Trading.
An Offshore Based company is also called a “Non – Resident Paper Company” that allows traders to work in Africa and the Middle East without any obligations. Unlike any other company, offshore entities are exempted from personal tax on any level. Such companies require no local shareholding. Therefore, investors own 100% of their company.
Offshore Business Setup in Dubai is simple and can be done within 7 working days. Processing fees are relatively low in comparison to the mainland and Free zone-based companies.
The most important benefit of an offshore is that they are “tax neutral” meaning they are often exempted from taxation or pay an exceptionally low rate of tax when used as a primary company under a holding structure to receive income. Also, no minimum capital is required.
Offshore jurisdictions in the UAE
JEBEL ALI OFFSHORE
Jebel Ali Free Zone has an exceedingly high growth rate and is a prime location for foreign investors. JAFZA is the only free zone that allows investors and cooperate companies to own a property. Jebel Ali offers convenient and efficient rules and regulations for foreign investors who are interested to set up a business in Dubai.
RAK is one of the best Offshore Setup areas in Ras Al Khaimah, UAE. World-class infrastructure and exceptional ease to business for foreign investors make RAK a preference for seekers. It provides 100% ownership. RAK registration will take approximately a week post-application and documentation.
Advantages of Offshore Business setup in Dubai:
– Allows investors to own properties in the UAE and all over the world.
– 100% Import and Export Tax-Free
– Zero Income tax and Corporate tax
– Capital freedom
– Fast Incorporation
– No foreign restrictions
– No office required
– No restriction on nationalities
– VAT not applicable
– Gulf and Africa covered
– Buy shares in local companies
– Multi-Currency bank account