Dubai is one of the most attractive business destinations in the world. Known for world-class infrastructure and business-friendly policies, Dubai is home to some of the world’s biggest companies. It offers a favourable business environment to small companies as well. Over the past two decades, many steps have been taken to make Dubai a renowned business hub.
When it comes to establishing a company in Dubai, there are mainly three options available to business- Offshore Company, Onshore Company and Free Zone Company. Offshore company is considered one of the best options for businesses that want to operate outside UAE.
How is an Offshore Company different from Onshore Company ?
Some of the main factors that make an offshore company different from an onshore company are-
Who should open a Dubai Offshore Company ?
An offshore company is an excellent option for a business whose clients are located outside Dubai. Many businesses that want to benefit from no tax regime and confidentiality, and are not interested in Dubai business market, opt for offshore company formation.
How to Open a Dubai Offshore Company ?
When it comes to establishing an offshore company in Dubai, there are many factors that have to be taken into consideration-
An offshore company in Dubai will not just make it easier for a business to take advantage of the tax-free business environment but also help it portray a positive image to the clients and customers. Although, Dubai offshore company formation process is simple, it is important to avail the services of a reliable business formation consultancy. These consultancies are equipped with the knowledge and resources required to establish an offshore company in Dubai in a hassle-free way. Right from choosing a company name to selecting an appropriate location, a reliable business consultancy in Dubai can handle all aspects of offshore company formation. The services offered by a consultancy will go a long way when it comes to helping a business successfully establish itself in Dubai.
When it comes to establishing a company in Dubai, there are mainly three options available to business- Offshore Company, Onshore Company and Free Zone Company. Offshore company is considered one of the best options for businesses that want to operate outside UAE.
How is an Offshore Company different from Onshore Company ?
Some of the main factors that make an offshore company different from an onshore company are-
- Offshore companies can operate only outside UAE. Onshore companies, on the other hand, operate inside UAE.
- A business does not need to obtain a licence to establish an offshore company. For an onshore company, license is required.
- Offshore companies do not have to pay corporate tax of any kind. Corporate tax applies on onshore companies.
- In case of an offshore company, there is no need for a local sponsor and anyone can be the shareholder or director of the company. In an onshore company, the majority shares must be held by a UAE national.
- As compared to onshore company formation, the process of Dubai offshore company formation is easier and less complex.
Who should open a Dubai Offshore Company ?
An offshore company is an excellent option for a business whose clients are located outside Dubai. Many businesses that want to benefit from no tax regime and confidentiality, and are not interested in Dubai business market, opt for offshore company formation.
How to Open a Dubai Offshore Company ?
When it comes to establishing an offshore company in Dubai, there are many factors that have to be taken into consideration-
- The legal requirements must be adhered to while choosing the name of the company. It should end with ‘Ltd’ only.
- Minimum one shareholder and one director are required. No public register of shareholders and directors is required to be maintained.
- There is no minimum capital requirement to start an offshore company in Dubai.
- The necessary documents that have to be submitted include proof of residence, passport copy, bank reference letter etc.
An offshore company in Dubai will not just make it easier for a business to take advantage of the tax-free business environment but also help it portray a positive image to the clients and customers. Although, Dubai offshore company formation process is simple, it is important to avail the services of a reliable business formation consultancy. These consultancies are equipped with the knowledge and resources required to establish an offshore company in Dubai in a hassle-free way. Right from choosing a company name to selecting an appropriate location, a reliable business consultancy in Dubai can handle all aspects of offshore company formation. The services offered by a consultancy will go a long way when it comes to helping a business successfully establish itself in Dubai.
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