Offshore company setup in Dubai, or in the UAE generally speaking, is a time-effective and cost-effective solution that leads to the most supportive and profitable environment possible. Offshore companies come as investment vehicles. Offshore companies do not have the permission to conduct business operations onshore in UAE or within the relevant Freezone. However, they can freely conduct business outside the UAE and have contracts with legal consultants, lawyers, accountants and auditors.
Why choose offshore company formation?
Offshore company setup in Dubai comes with its numerous benefits:
- Great Tax Incentives
- Fast incorporation in 2 days
- Asset Security
- Risk Mitigation
- Financial Isolation
- Low Cost Company configuration
- Zero Bureaucracy & Modernized Administration
- Various setup up options including virtual offices
- 100% foreign ownership
Where to setup an offshore company?
There are multiple options to set an offshore company such as Jebel Ali Free Zone (JAFZA) for offshore company setup Dubai, Ras Al-Khaimah (RAK), and Ajman Free Zone offering an environment for offshore company incorporation each one with its procedures and cost. Ajman Free Zone is considered one of the simplest and cheapest Free zones to set up an offshore company in the UAE.
How to setup an offshore company?
If all required documents and applications obtained and filled properly the registration would not be more than few steps. The cost by corporate and individual shareholders is same, however, in case of corporate shareholders; there would be additional costs for preparing documents of the corporate shareholder. These documents include an attested passport copy for all individual shareholders, proof of residency, preferred name of the company, and details of the business activities. Any errors in the application or the documents provided to the free zone could result in the delay or even rejection of your application.
A business specialist can guide you through all the aspects of the process such as applications, documents, registrations, and follow-ups for the experience with the local jurisdictions and their different procedures. In some cases, it may even be possible to register an offshore company in Dubai without visiting the UAE.