Dubai is a city in the United Arab Emirates known for luxury shopping, ultra modern architecture, multiple business establishments and a lively scene. Before we talk about how to open an offshore company, let's look at what the term “offshore company” means.
What is an offshore company?
It is a company set up in a different country from the country of residence of the stakeholders, and it is meant not to do any economic activities in that particular country.
Benefits of setting up an offshore company in Dubai
• No taxes on capital profits
• Right to foreign ownership
• Any currency can be used as company's capital
• Protection from lawsuits
How to register
The following is necessary to establish an offshore company in Dubai .
• Choose a local agent or firm to carryout registration
• Name of company which must end with “LTD”
• Utility bill as proof of residence in the UAE
• Bank of operation
• Share capital
• Articles of association
Registration gives a company the full right to carrying on with site construction and service operation. There are many offshore companies operating in the UAE, and they can attest to the many benefits of running such an establishment.
Straight to the point! Thank you!
ReplyDeleteKudos for the link to a registration company, been looking for one.