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Incorporation of an offshore company in Dubai

Incorporation of an offshore company in Dubai

9 Feb Incorporation of an offshore company in Dubai

Incorporation of an offshore company in Dubai, Many companies conduct their business in a country other than the mother country. The reason is to take advantage of the investment advantages and incentives offered by those countries to offshore companies.

In Dubai, the government allows investors to establish an offshore company in Dubai under a set of laws and regulations. On the other hand, investors get huge benefits, including but not limited to low taxes, facilities, customs exemptions, and a lot of assistance.

In the following lines in this article, we discuss the establishment of an offshore company in Dubai , the advantages of this type of company in Dubai , and the laws that regulate the functioning of this type of company. In addition to many information of interest to every investor.

 

Incorporation of an offshore company in Dubai


Incorporation of an offshore company in Dubai

What are the offshore companies in Dubai? Companies established in another country outside the investor’s country of residence, This type of company has many advantages that the UAE provides to various investors to establish an exempt or low-tax business in another country outside the country of residence.
The establishment of an offshore company in Dubai is supported by laws that stipulate several rules to regulate the progress of the investment process in Dubai . These laws stipulate the following:

  • An investor wishing to establish an offshore company in Dubai must clarify the type of actual activity of the company.
  • Clarifying the source of financial flow for the offshore company to be established in Dubai.
  • Knowing the actual (final) beneficiary of the offshore company in Dubai.

Offshore companies in Dubai have investment advantages over other companies. The laws in Dubai support this type of company and provide it with the following characteristics:

  • Incorporation of an offshore company in Dubai is not subject to taxes.
  • Global exchange and spread thanks to the facilities provided by the government when establishing an offshore company in Dubai.
  • The government in Dubai provides commercial systems that are flexible and easy to deal with.

 

Rules of establishing an offshore company in Dubai

  1. The number of shareholders and directors in the offshore company in Dubai must be at least one shareholder or director.
  2. The capital for establishing an offshore company in Dubai is any value divided into any category.
  3. The investor has the right to 100% foreign ownership without the need for a local partner.
  4. Full tax exemptions for all offshore companies in Dubai at 100%.
  5. A bank account can be opened in Dubai because there are no minimum conditions for depositing capital in the bank.
  6. All shares paid in full when allotted, Bearer shares or different classes of shares are not permitted.
  7. The owner can request previously audited financial statements.

 

Powers to establish an offshore company in Dubai

  • Offshore companies in Dubai are not permitted to establish business with individuals residing in the UAE.
  • The validity of offshore companies in Dubai is unlimited according to the laws of its articles of association.
  • It is not allowed to own interest in real estate in the Emirates, only the right to own what the state approves of the investor and lease contracts according to the regulations.
  • Offshore companies in Dubai are not allowed to engage in banking, insurance or reinsurance business.
  • It is not permissible to establish an offshore company in Dubai for any activity that is not permitted in the laws and regulations of the country.
  • A commercial license is required to establish an offshore company in Dubai in order to legally practice investment activities.

 

Pros of establishing an offshore company in Dubai

  • The right of the investor to own foreign ownership without the need for a local partner by 100%.
  • There are no restrictions on foreign currencies for offshore companies in Dubai.
  • The right to recover the entire capital and freely dispose of the profits.
  • There is no need for an Emirati sponsor to be a partner in establishing the company.
  • No need for a public record of the offshore company’s employees.
  • The investor has complete freedom in complete anonymity.
  • Possibility of owning real estate in accordance with the laws in the areas approved by the responsible authority.
  • The possibility of opening bank accounts in Dubai for multi-currency offshore companies.
  • Tax exemption for companies and individuals employed in Dubai.
  • Low costs for establishing an offshore company in Dubai.
  • No need for an internal office or staff to work.
  • Deposit only minimum capital into the bank account.

 

 

How to register an offshore company in Dubai

  • The registrar at the competent government agency may refuse to register the company for any reason, and the registrant is not obligated to provide reasons for refusal.
  • In the event of the approval of the Registrar, the articles of association of the company shall be registered with the attachment of the offshore company registration certificate and the granting of the registered number of the offshore company.

In the event of a desire to change the registered name of the offshore company, the change shall be made taking into account the following:

  • Changing the name of the offshore company to a commercial name that is appropriate to the nature of the laws and regulations in the country.
  • When the company name is changed, The Registrar shall register the new name after canceling the previous name and issuing the certificate of incorporation under the new name of the company.
  • Changing the commercial name of an offshore company in Dubai does not affect transactions or legal procedures, nor any 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 issuance of the new name.

 

How do we help in establishing offshore companies in Dubai?

Do you have a commercial activity in a country outside the UAE and are thinking of establishing a company in Dubai and are looking for help? You are here in the right place to take the first step in establishing your offshore company in Dubai. We are one of the largest companies that provide business consulting services in Dubai and provide all support services to our clients. This is because we are distinguished by:

  • Years of experience and competence in establishing and supporting offshore companies in Dubai and free zones.
  • We have a team trained to carry out all necessary legal procedures and transactions with the competent authorities in Dubai.
  • Specialized in extracting and renewing all types of commercial licenses and opening a commercial registry 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.
  • Provide full support to solve problems 24 hours a day, 7 days a week.
  • We provide legal advice through the most qualified 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 on the topic of how to establish an offshore company in Dubai , which includes: Advantages of establishing an offshore company in Dubai, Characteristics of establishing an offshore company in Dubai, in addition to the laws of establishing an offshore company in Dubai.

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

Contact us today and get a free consultation to implement all your business plans!