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Why and How to Setup Your Offshore Company in Dubai?
Dubai has always been one of the soundest economic landscapes for entrepreneurs, SMEs and Large enterprises to venture in and establish their business foothold. Business friendly incorporation laws, world-class infrastructure, specialized facilities, investor privileges and a thriving GDP are just the appetizing qualities to begin with. With its growing economy and attractive investment outlook, the Metropolis of Dubai is soon to be the focal point for world’s biggest business extravaganza as it hosts the Word Expo 2020.
Why Set Up and Offshore Company in Dubai
Being popular for its lucrative company formation policies, Dubai also has hosts some of the best destinations to start an offshore company.
An offshore company is a legal tool legislated by the host country to protect the investors interests and privilege with laws that are not present in the country of residence. From this perspective, the investor can keep his/her property and assets safe from hungry tax collectors, biased judgements and fraud attempts. Aside from asset protection, an offshore company in Dubai also enjoys
- Operational secrecy
- Ease of incorporation
- Tax optimization
- Minimum capital requirements
- Low administrative costs
- Corporate flexibility
- Robust banking
- Political stability
Here is what you need to know to start your own offshore company in Dubai
How to Register a Dubai Offshore Company?
Registering an offshore company in Dubai require in-depth knowledge and understanding on the UAE’s business laws, incorporation structure and legal terms. To avoid this hassle, the best means to register an offshore company in affordable cost and minimum timeline is through a verified business consultancy agency. Business consultancy agencies specialize in financial, legal, administrative aspects of offshore company formation and provide complete assistance to setup from documentations, approvals, licensing and registration. To start your offshore company, you must first submit the following documents to your business solution provider.
- Copy of Investor’s Passports
- Articles of Association
- Utility bill to serve as proof of residence address
- Bank letter declaring share capital
- Company name (‘Ltd’) to enter Trade Register
The agency will also liaise with government departments and bank authorities to open offshore bank account. However, the investor will be required to be physically present as per the regulations of UAE Central Bank. But process is quite straightforward and takes less than a day as the agent will handle the rest. For further reference regarding the process and documents required you can follow the links given below. https://ibgme.ae/offshore-company/