Setup Offshore Company in Dubai

Opening an offshore business setup in Dubai is ideal and effective for business owners who wish to do worldwide business operations. It is also efficient to channel funds and capitalize on international markets. There are several equitable reasons why investors prefer to setup Offshore company in Dubai.

The sole purpose of setup Offshore Company in Dubai concerns primarily financial matters. It reduces any kind of tax payment legality, asset protection, and enhances one’s wealth management. Also, there are exemptions from corporate taxes for non-resident companies if they are properly structured. Such are framed under no-tax jurisdiction laws.

Setup Offshore Company in Dubai - IsraEmiratesLink.com

Here are some of the points to know before establishing an offshore business in the UAE:

  • Offshore companies are known as non-resident companies. They cannot occupy office space in the UAE.

  • The function of this company setup is to hold the assets of the parent shareholder.

  • Like UAE Free zone companies, offshore companies in UAE can also enjoy 100% full foreign ownership.

  • Offshore companies are not allowed to own local real estate. However, JAFZA offshore companies in Dubai are permitted to own real estate with the approval of the developer and free zone.

  • Non-resident companies are not allowed to do business in Dubai. Despite that, they are allowed to hold shares for both free zone and mainland companies.The required number of shareholders or directors for setting up and offshore is one

  • There is also no requirement to disclose the details of the shareholders and directors of the company in the public register. There is complete privacy in operations. Offshore companies do not have business licenses.

  • This business setup only gets the certification of incorporation. If you wish to get a business license, considering a free zone or mainland business formation is better.

  • Opening a local corporate bank account is easy and is allowed to transact in multiple currencies for smooth international transactions.

  • There is no minimum capital requirement to setup Offshore company in Dubai.

An offshore company is easy and simple to set up when compared to other businesses in the United Arab Emirates. It portrays a good image to almost everyone, even to private equity investors. In setting up a company, offshore companies are cost-efficient and tax-efficient for foreign investors or entrepreneurs.

To setup Offshore company in Dubai, see the following points that will guide you to know the advantages and limitations.

Advantages of Offshore Companies

  • 100% Foreign Ownership

  • Allowed to open a corporate bank to operate in multiple currencies that makes it easier to do international business transactions.

  • No minimum capital is required to setup Offshore company in Dubai.

  • Allowed to hold shares in mainland and free zone companies.

  • Business friendly environment and tax-free, offshore are exempted from corporate taxes, annual accounting and obligations.

  • Minimum required shareholder/ director is only one.

  • There is no need for physical office.

  • A gateway to international market growth

Setup Offshore Company in Dubai - IsraEmiratesLink.com

To setup Offshore company in Dubai is easy and simple and is more cost-efficient and tax-efficient for foreign investors or entrepreneurs.

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Limitations of Offshore Companies

  • Business activities inside Dubai or UAE is not permitted

  • Offshore entities cannot have office spaces in UAE.

  • Offshore entities are only given a certificate of incorporation, not a business license.

  • Owning of real estate will only be allowed with the approval of the free zone or the developer.

  • Resident or work visas cannot be secured through offshore companies.

  • Minimum required shareholder/ director is only one.

  • Offshore entities cannot employ staff inside the UAE.

Everything you need to Set up your Business in the UAE
Mainland, Free Zone, Offshore Company Formation