Incorporation of an offshore company in Dubai

27 Jun Incorporation of an offshore company in Dubai

Incorporation of an offshore company in Dubai

Establishing an offshore company in Dubai is an excellent investment opportunity, since the city of Dubai is the land of investments, which embraces all legal investment transactions and provides all support and means of success to investors from all over the world and various capitals and sizes of companies.
One of the types of investment supported by the UAE government is the establishment of an offshore company in Dubai. This type of investment provides investors with the possibility of carrying out business or projects outside their country of residence and establishing their business in Dubai.
In this article, we learn about the characteristics of establishing an offshore company in Dubai, in addition to establishing an offshore company in Dubai, and many points of interest to every investor.
Characteristics of establishing an offshore company in Dubai
What is the meaning of establishing an offshore company in Dubai?
It is any business or investment that is carried out in a country outside the investor’s country of residence. This type of investment is one of the advantages that the UAE offers to investors wishing to register a tax-exempt commercial activity in another country outside the country of residence.
The laws that support the establishment of an offshore company in Dubai stipulate several rules to regulate the investment process in Dubai. These rules stipulate the following:

• Clarify the type of actual activity of the company.
• Clarify the source of the company’s financial flow.
• Knowing the actual (final) beneficiary.

Several characteristics are available when establishing an offshore company in Dubai and not others, as UAE laws and regulations support this type of company and provide it with the following:

• Offshore companies are not subject to taxes in Dubai.
• The government provides great facilities that allow offshore companies to exchange and spread globally.
• Providing flexible and easy-to-handle trading systems.

The power to establish an offshore company in Dubai

• Offshore companies are not permitted to establish business with individuals residing in the UAE.
• The validity of offshore companies is unlimited according to the laws of their articles of association.
• Owning an interest in real estate in the UAE is not allowed, only she is entitled to own what the state approves and lease contracts according to the regulations.
• An offshore company cannot engage in banking, insurance or reinsurance business.
• Any activity that is not permitted in the laws and regulations of the country, an offshore company may not work in it.
• Establishing an offshore company in Dubai requires obtaining a trade license in Dubai in order to legally practice investment activities.

Rules of establishing an offshore company in Dubai

• The number of shareholders and directors in the offshore company is at least one shareholder or manager.
• The capital for establishing an offshore company in Dubai is any value divided into any category.
• The right to 100% foreign ownership.
• 100% tax exemptions for offshore companies.
• Possibility of opening a bank account in Dubai. There are no minimum requirements for depositing capital in the bank.
• All shares are paid in full upon allotment and no bearer shares or different classes of shares are allowed.
• Audited financial statements can be requested.

Offshore company registration in Dubai

• The Registrar can refuse to register the company for any reason and the Registrar is not obligated to provide reasons for refusal.
• In the event of the approval of the registrar, the articles of association of the company will be registered. This includes:

• Offshore company registration certificate.
• Granting the registered number to the offshore company.

In the event of a desire to change the registered name, the change shall be made according to the following:

• Changing the name of the offshore company to an acceptable name in accordance with the regulations.
• When changing the name of the company, the Registrar registers the new name against the previous name and issues the certificate of incorporation with the new name.
• Changing the name of an offshore company in Dubai does not affect any legal procedures or formalities in the company’s dealings.
• In the event that the new name of the company is incomprehensible or does not fit with the regulations, the Registrar may notify the company to change the name.
• The offshore company must comply with the directive within one month of the date of issue.

Advantages of establishing an offshore company in Dubai

• The right to 100% foreign ownership.
• No restrictions on foreign currencies.
• The right to recover capital and profits.
• No need for an Emirati sponsor.
• No need for a general record of the company’s employees.
• Complete anonymity.
• Owning real estate in accordance with the laws in the area approved by the responsible body.
• The possibility of creating multi-currency bank accounts.
• Tax exemption for companies and individuals.
• Low costs of establishing the company.
• No need for an internal office or staff.
• Deposit minimum capital only.

Advantages of establishing an offshore company in Ajman

Establishing an offshore company in Ajman brings many advantages to the investor, but an authorized agent must be present to establish the company, and the address of the company in Ajman matches the address of the authorized agent.

• No need for office space or staff.
• Ease and speed of incorporation procedures.
• Complete anonymity.
• Incorporation costs are relatively low.
• You do not need an audit report.
• The possibility of opening a bank account in the country.

Advantages of establishing an offshore company in Ras Al Khaimah

There are many advantages that allow the investor to establish an offshore company in the free zone in Ras Al Khaimah, thanks to the ease, flexibility and speed of the procedures.

• The right to complete foreign ownership.
• There are no restrictions on foreign currency.
• Freedom to recover profits and capital.
• Full tax exemptions for companies and individuals.
• Not needing an Emirati sponsor as a partner.
• The possibility of opening a bank account and placing the minimum amount of capital in it.
• Only one person can hold the position of director and shareholder.
• No need for an office or administrative headquarters for the company or employees.
• Low start-up costs.
• Complete confidentiality and information protection.

How can we help establish an offshore company in Dubai?
An investor thinking of establishing an offshore company in Dubai and looking for assistance in the procedures for establishing an offshore company in Dubai? You are in the right place to take the first step to establishing an offshore company in Dubai. We are one of the largest companies that provide investment services in Dubai and provide all methods of support to our clients. This is because we are distinguished by:

• Years of experience in establishing offshore companies in Dubai and free zones.
• We have a team trained in legal procedures and transactions with the competent authorities in Dubai.
• Specialized in extracting and renewing all commercial licenses for various activities.
• We are distinguished by quality and clearing all procedures in the fastest time and at the lowest costs.
• We provide offices, warehouses and warehouses for rent at the best prices in Dubai.
• Providing full support and problem solving 24/7.
• We provide legal advice through ACFA Legal Consultants in the field of investment in Dubai.

At the end of this article, we would like to have shed light on what you are looking for about how to establish an offshore company in Dubai, which includes the advantages of establishing an offshore company in Dubai, We learned about the characteristics of establishing an offshore company in Dubai, in addition to the laws of establishing an offshore company in Dubai.

For more information about establishing an offshore company in Dubai and to request assistance in obtaining commercial licenses and dealing with government agencies to complete all procedures and papers, contact our team now and book your consultation with us.