Invest in a Offshore Business Setup in Dubai Now!
UAE Offshore
An offshore company is generally a legal business entity that operates outside the areas of its ownership. Hence, the UAE offshore is one of the offshore business centers in UAE, where no physical presence is necessary. But, this form of company formation is not permitted to start up a business in any of the areas of UAE. It is only allowed to conduct business activities outside UAE.
An Offshore company setup is suitable for those foreign investors who are planning to work with Middle Eastern, African, and Asian markets without any sort of tax liability imposed on the business. UAE Offshore companies are “paper” companies and are mainly used by foreign investors and business owners to trade with the Middle East, Asia, and Africa.
If you want to start an offshore company in the UAE, you have come to the right place named MW Mideast. We can help you in each step of establishing a UAE offshore company.
Why Choose MW Mideast?
UAE Company formation is not an easy task but a complex one. You need to have an experienced consultant to help and guide you regarding all the problems related to the formation of an Offshore company in the UAE. As a foreign investor, one can grasp Dubai’s ideal location and economy for all your businesses and company formation.
MW Mideast provides start-to-end services for offshore corporation setup in Dubai. We will provide you with all the assistance regarding finding:
- Best sponsor
- Opening your desired bank account
- Process of liquidation
- Registration in a highly expert manner
Contact us for all of your problems regarding starting a business in Dubai.
Setting Up an Offshore Business in UAE With MW Mideast
Forming a UAE Offshore company is a significant and most efficient way to help your business grow and flourish in Dubai’s most strategic location and its most efficient environment for all kinds of businesses.
By getting in touch with MW Mideast’s professionals, you can understand some sorts of rules by being in your comfort zone and growing in a tax-exempted business atmosphere. Offshore Businesses in UAE give you 100% foreign ownership and these are the basics for the safety and protection of your assets.
Main Types of UAE Offshore Companies
The three main types of UAE Offshore companies are:
Dubai Offshore Company
Dubai offshore companies are also known as Jebel Ali Free Zone Authority (JAFZA). Establishing a Dubai offshore company is generally an expensive process because it demands the legal documents of the directors and shareholders. These companies require:
- At least one shareholder with no capital requirement
- 2 Directors
- 1 company secretary
Dubai offshore companies have certain restrictions on business activities and they can’t do business activities in the fields of:
- Media
- Gambling
- Consulting
- Professional services
- Banking
- Intellectual property
- Military
- Publishing
- Real estate
Property development and many more
Ajman Offshore Company
Ajman offshore companies are now renamed as “International business companies,” and they are regulated by Ajman Free Zone Authority. Some attributes of an Ajman offshore company are:
- Formation process Id of 2 weeks with only 1 director and 1 shareholder
- 100% foreign-owned
- The company doesn’t need to submit financial statements
RAK Offshore Company
These companies are registered with RAK Investment Authority. RAK is cheaper than Dubai’s offshore company. It has no restriction on business activities in Dubai being an offshore Company. RAK offshore company can be:
- 100% foreign-owned
- Registered for a duration of 2 weeks
- It has 1 director and 1 shareholder
- No compulsion to provide the actual and legal documents of the director and shareholder
Basic Requirements For The Process of Offshore Company Setup in Dubai
Legal Documents Needed For a Offshore Company Set Up
Following are some legal documents required by All Shareholders And Directors to start an Offshore company registration in UAE:
- Application in the requisite format
- Certified Passport Copy (by Lawyer/Accountant)
- Address proof
- Professional Reference Letter
- Curriculum Vitae indicating the owner’s professional data
Additional Aspects To Consider For a Offshore Company Setup in Dubai
The registration process of an offshore company in the UAE requires some more aspects which will ensure that your offshore company in Dubai can perform full-fledged business activities. Some of those additional aspects are:
- Physical office is not allowed for Offshore companies in the UAE.
- There’s no annual governmental audit.
- These companies can hold shares in other companies as well.
- Offshore companies cannot carry out business activities in the banking and real estate sector.
- UAE resident visa is not permitted.
- UAE offshore can have a non-UAE resident as a director.
Why Set Up a Offshore Company in UAE?
The main reasons for starting an Offshore business setup are:
- It provides a platform for international market expansion.
- It gives better access to global funding.
- There is no corporate tax in UAE and that is the reason UAE Offshore companies are providing a gateway to trade with international customers.
- UAE offshore companies can open a bank account even outside UAE.
- The registration process takes only 15 days.
- 100% foreign-owned.
- The process of registration of UAE offshore doesn’t require the directors to travel to UAE.
- The documentation process of UAE is in two languages, hence making the process of bank account opening easier.
Major Merits Of Offshore Corporation Setup in UAE
The 5 major merits of a UAE offshore company formation are:
Benefits of your Business Setup in Dubai Offshore
Some advantages of having a Business Setup in Offshore and how it operates are as under:
- Ownership Of Business:
The most significant advantage of setting up an Offshore company is that you can retain 100% ownership of your business without any local service agent.
- Financial Benefits:
Some other financial benefits of an Offshore Company Formation are that it has a 0% corporate tax rate and 0% income tax rate. Also, there is no duty charged on imports and exports, and one can repatriate 100% capital and profit.
- Business License:
An Offshore company formation in UAE firstly requires the approval of a trading license. The license can be of three types:
Commercial License: This license covers all types of trading activities.
Industrial License: It covers all the manufacturing businesses and the companies that involve in the process of transforming raw materials or semi-formed materials into final products. It also involves the processing of goods, packaging of items, and in the end preparing them for sale.
Professional License: This type of license is given based on the skills and expertise of either an individual or a company, and it covers the range of professional services, management opinions and ideas, and public relations.
- Sector-Specific:
A very important factor that can provide great and strategic opportunities to Offshore companies is that the UAE Offshore companies are sector-specific. It provides foreign investors and business owners to share and access the best knowledge and expertise from other companies in the same field.
Legal Documents Needed For a Offshore Company Setup
Following are some legal documents required by All Shareholders And Directors to start an Offshore company registration in UAE:
- Application in the requisite format
- Certified Passport Copy (by Lawyer/Accountant)
- Address proof
- Professional Reference Letter
- Curriculum Vitae indicating the owner’s professional data