Offshore Company Setup in Dubai
Offshore Business Setup
Establishing an offshore company formation can offer significant advantages, including tax optimization, enhanced confidentiality, and greater flexibility in global operations. By setting up an offshore entity in the right jurisdiction, businesses can streamline their corporate structure, minimize tax burdens, and position themselves for international growth and expansion.
Offshore Business
Establishing an offshore business can offer significant advantages, including tax optimization, enhanced confidentiality, and greater flexibility in global operations. By setting up an offshore entity in the right jurisdiction, businesses can streamline their corporate structure, minimize tax burdens, and position themselves for international growth and expansion.
List Of Processes
List Of Processes
Select a Company Name
- Choose a unique name that adheres to the Dubai Department of Economic Development’s (DED) guidelines. Ensure it accurately reflects your business activities and is unique, not already in use.
Determine Business Activities
- Specify the nature of your business during registration. This classification is crucial as it influences the type of licenses you’ll need.
Choose a Legal Structure
- Decide on the legal framework for your company, such as a Limited Liability Company (LLC), a free zone entity, or a branch of a foreign company.
Obtain Necessary Approvals and Licenses
- Depending on your business type, apply for relevant approvals and licenses from the appropriate government bodies.
Register Your Company
- Complete the registration process with the DED by submitting an application form and supporting documents like passport copies and a lease agreement.
Open a Corporate Bank Account
- After registration, set up a corporate bank account in Dubai by providing the bank with your company registration certificate and other required documentation.
Benefits
- Zero Tax Burden: Exempt from income, corporate, personal tax, and customs duties.
- 100% Ownership: Foreign nationals can fully own the company without a local partner.
- Asset Protection: Legal shield for assets against creditors and legal actions.
- Increased Privacy: Confidentiality of beneficial owners’ identities.
- Flexibility: One person can serve as a shareholder, director, and officer.
- Easy Setup: Registration is completed within 3 to 7 working days.
- International Trade: Engage in global trade and hold properties worldwide, including in the UAE.
Required Documents
- Business Plan
- Bank Statements
- Proof of Address
- Shareholders’ Passports
- Business Name Options
- Description of Business Activities
FAQs – Corporate Service Provider
The process includes company name approval, document submission, registration, opening a bank account, and fulfilling compliance requirements.
Requirements include choosing a company name, submitting necessary documents, appointing directors and shareholders, and meeting local regulatory standards.
Yes, foreign nationals can own 100% of an offshore company in Dubai without needing a local partner or sponsor.
The formation process typically takes between 3 to 7 working days
Costs vary based on the services chosen, including registration fees, legal fees, and other administrative expenses.
Offshore companies in Dubai offer tax exemptions, full ownership for foreign nationals, asset protection, increased privacy, flexible company structures, and ease of international trade.
