Offshore company registration in Dubai is one of the most preferable choices to do business in the UAE. Through Dubai offshore company formation you can conduct business outside the registered jurisdiction. With the rising registrations popularity of offshore company in Dubai, the city has become a highly renowned business hub in the world.
Dubai offshore company formation offers many benefits and profitable policies for businessmen. Moreover, offshore company registration in Dubai is an easy and quick process. However, if you are doing it for the first time, you will need to take help from company formation experts for the paperwork and required approvals.
As you read further, you will learn all there is to know about offshore company registration in Dubai.
Why Should You Do Dubai Offshore Company Formation?
A free zone company and offshore company may seem similar but they are not. Offshore companies in Dubai can do business internationally. A few major benefits for Dubai offshore company formation are given below:
1. Enjoy 100% tax exemption. Be it personal, corporate, or income tax.
2. You have to pay zero import and export duty.
3. Moreover, offshore companies give you the liberty to own 100% shares of your company.
4. Investors enjoy full repatriation of profits and capital.
5. Also, a physical office is not mandatory for offshore company registration in Dubai.
6. You can have a virtual office.
7. Enjoy business confidentiality and full security on monetary matters.
8. You can do hassle-free international transactions.
9. You don’t have to worry about currency regulations.
10. Also, there is a huge scope of business expansion.
11. For business setup, there is no minimum capital requirement.
How to Do Offshore Company Registration in Dubai?
The process for Dubai offshore company formation is quick and easy. It only takes 5 to 6 days to complete the process. In fact, to make it easier for you, we have given a step by step process for offshore company registration in Dubai.
Step 1 – Company Name
The first step is to decide on a name for your company. You can pick any suitable name but it must comply with all the rules set by the government. A few of which are, not to use any foul or offensive words, no use of abbreviations, and no repetitive names. Moreover, make sure that if you decide to name your company after a person, use their full name for legal registration. Additionally, your company name must end with an abbreviation for the legal structure of your company (Ltd. Pvt. etc.).
Step 2 – Business Activities
The second important step is to select the business activities you want to conduct. To do business in Dubai, you must select the activities you want to conduct and get approval for the same from the respective jurisdiction authorities. You can choose from over 2000 business activities allowed by the government. Furthermore, the government is generous and supportive enough to allow for external approval of any activities that you want to conduct, but are not included in the list.
Step 3 – Application Submission
After deciding on a name, fill out an application form for offshore company registration in Dubai. Moreover, attach all the necessary documents with the application. They must include copies of passports, copies of visas, national ID, letter of incorporation, trade name approval slip, and proper business plan. Once you have collected all of it, double-check all the documents and then submit them to the concerned legal authority.
Step 4 – Draft Memorandum of Association
For this step, you have to partner with a local agent in Dubai. The local agent will help you in drafting the (Memorandum of Association). Furthermore, you need to get the document signed by all the business partners in the court or in front of a public notary. Once done, submit it and if the authorities approve it, you can start conducting business.
Step 5 – Offshore Bank Account
The last step is to open an offshore bank account. This is an important step because an offshore bank account will help you to process financial transactions easily.
What Are The Documents That You Need for Offshore Company Registration in Dubai?
You need limited documents for offshore company registration in Dubai. However, if you are new to the process you will need help. Meanwhile, to make it easier for you we have made a list of important documents, which is as follows:
1. Proper business plan.
2. At least 3 different name options for your company.
3. (Memorandum of Association) and (Article of Association)
4. CV of all the shareholders and managers.
5. Also, copies of the passports of all the business partners.
6. Copies of visas of all the business partners and employees.
7. A reference letter from your bank.
8. Address Proof (It can be your National ID, water bill, electricity bill, or any other document with your residential address on it.)
Partner With to Register Your Offshore Company in Dubai
Now that you are fully equipped with information on Dubai offshore company formation and registration, you know how beneficial it is for commencing international trade from the UAE. Moreover, Dubai offshore company formation offers a profitable and competitive environment as well as good corporate connections.
So what are you waiting for? Although the process is quick and easy, if you are new to it, you will need help from experts. If you are willing to start a new business, offshore company registration in Dubai is a cost-friendly and stable option. You can connect with company formation experts at Business Setup who can make the company setup process seamless.
Moreover, we will guide you at every step, help in preparing all the documents, and acquire required permissions and approvals for you. Also, we can help you obtain your business license at a very low cost. All you need to do is call us and tell us your business requirements and we will take care of it all.
Moreover, get to grow your business with the right advice. You can reach out to our experts at +971 44081900 or drop a WhatsApp message on +971 507775554. For assistance via email, please write to us at firstname.lastname@example.org