Offshore Company Setup in Dubai and Its Advantages Setting up an offshore company in Dubai has many perks and privileges. It is by far the most popular business entity type in the UAE among foreign investors. Many people confused it with free zone companies but it is not the case. An offshore company set up in Dubai is an international business entity with no tax or low tax benefits and ease and freedom of business operations. It provides a great business opportunity to investors who are looking for smart international investment in a foreign country. Offshore company setup in Dubai is an ideal, cost-effective, and tax-efficient business structure for international trading. It can also be referred to as a non-resident company to serve international markets without any administrative, accounting, and tax obligations. Offshore company formations can be used for: • • • • • •
International Trading Holding Company Shipping Company Owning Real Estate Copyright and Patents Registrations International Consulting Services
Offshore companies are registered in Dubai but allowed to incorporate in offshore locations outside the city. It can be registered either as a limited company, limited liability company, or limited partnership. An offshore company in Dubai is ruled and regulated by the Jebel Ali Free Zone Offshore Companies Regulations 2003. Advantages of Offshore Company Setup in Dubai • • • • • • • • • • • • • •
100% foreign ownership of the company Legally exempt from corporate tax Multi-currency corporate bank accounts in Dubai Bank Quick and easy to set up when compared to other business types No audit reports No obligation to set up a physical office Privacy and confidentiality laws No restrictions on profits and capital expatriation No public disclosure is required You can hold multiple trade activities No Minimum capital requirement No currency restrictions for international transactions Minimum operational costs Protection of investments and assets