Off Shore Company Setup

Dubai is among the fastest-growing economic zones in the Middle East and is transforming into a major business hub on an international scale. Along with the Emirates of the UAE, it is a hot destination for investments and business that attracts numerous corporations looking to reap the benefits. In the past two decades, there has been a significant increase in foreign investments and the government policies are formulated to create a favourable corporate landscape.

From advanced amenities and infrastructure to low taxation, easy registrations and licensing processes; all aimed at encouraging growth and attracting new businesses to the emerging market. There are various types of companies in the UAE – Mainland, onshore and offshore companies. Each of these differs in their business markets, benefits, licenses and trade rules that are defined by the various commerce departments. 

In the UAE, the concept of an offshore company is quite popular and a large number of foreign corporations have setup their companies here as offshore or non-resident ‘paper’ organisations. This offers them numerous financial as well as economic benefits, with limited liabilities.

• An offshore company does not require any physical settlement or office space
• There is a freedom to choose shareholders and no obligation of having a UAE national as a local sponsor.
• The business has the flexibility to maintain their books at their discretion. 
• Offshore companies enjoy a wide range of tax benefits
• They have no tax obligations or annual accounting responsibilities.
• Public disclosure of shareholders and invested members of the offshore company is not mandatory.
• The UAE offers an exemplary infrastructure of banking, trade, telecom and legislature framework, which benefits the corporations on numerous fronts and promotes business growth.
• No restrictions on international trade, setting multicurrency bank accounts or foreign transactions.