If you want to start your business in the UAE and see it grow, an offshore company is perfect for you. An Offshore company is known as a non-resident company because it can be owned by a person or an enterprise that lives anywhere in the world. Although the company isn’t in Dubai, they will still get all the advantages of a UAE company like no corporate, personal, import, or export taxes. One of the main reasons for Offshore business setup in Dubai is complete confidentiality over financial matters. If you think an offshore company is right for your business, let the experts at MSZ Consultancy help you through the business setup process.
With tax benefits, confidentiality, low costs, and global recognition, it’s no wonder business is so popular on Dubai’s Offshore. If you’re ready to set up your company and start seeing the big benefits, there are several legal procedures that you have to go through.
First, you’ll have to suggest three names that you want for your company. The name can’t contradict the intended business activities, and it can’t include the name of cities, countries, or continents. Registration authorities will pick the final name.
Next, you’ll have to decide what type of business you plan on having. This can be a company like a consultancy, trading, professional services, and more. Your business activity will determine your business license.
Now, you’ll have to choose the structure of the business. This includes directors, shareholders, and principals. You’ll have to have at least one shareholder and two directors for Offshore business setup Dubai.
Now, you’ll have to submit the documents and your application for approval. You’ll also be issued your Certificate of Incorporation, MOA, and Share Certificates during this step.
You’ll have to get all the documents together to apply for your bank account. You’ll need:
There are so many great qualities for offshore business setup in Dubai. Below are some of the features that make business on the Offshore so much unique than doing business on anywhere else in the UAE:
An Offshore company is like other companies in the UAE. Here are the uses of an offshore entity:
A trading company can be formed on Dubai Offshore. How does it work? The company would have to take orders from the customer and then have the goods delivered straight from the manufacturer to the customer.
You can use an offshore business to have a consultancy, advisory services, or counseling business.
You can use an Offshore company to help avoid complicated inheritance procedures.
With an Offshore Company, people can invest their money in different projects.
Any kind of copyright or trademark can be registered in the name of an offshore company.
Offshore companies can be used as a holding company, so business owners can manage all their business under one structure.
Jebel Ali is a jurisdiction that offers offshore companies in the UAE. The area has no levy on income tax or corporate tax and allows 100% foreign ownership. The jurisdiction is located just outside of Dubai and is just an hour away from Abu Dhabi, which is the UAE’s capital city. The area is known for being the world’s largest shipping port, which allows international companies to enjoy the special privileges of the Free Zone like no corporate tax, no personal or income tax, no import or export duties, and no restriction on the currency.
Here are the requirements for a JAFZA Offshore company:
Offshore business setup in Dubai can be made easy when you partner with the experts at MSZ Consultancy. We will guide you through the entire process and make sure you meet all the proper requirements. Call us today at +971 52 544 1248 to get started on forming your dream company!
We are a leading consultancy and advisory firm with over 15 years of experience in facilitating international business and corporate solutions to help entrepreneurs around the globe. We provide one-stop business solutions and services that are required for business set up in Dubai and across all seven Emirates.
We have a unique team of business setup consultants, lawyers, and PRO executives. We provide business set up consultancy services in all Free Zones, Mainland, and Offshore businesses anywhere in the UAE. We have strong relationships with government officials that will help provide a fast formation process.
We have helped thousands of entrepreneurs just like you successfully start their company from scratch. We offer everything you need for a seamless business journey. We provide the absolute best customer service because we put our clients first. We will customize our services to fit your exact needs.
It’s important to protect your work. We offer all the trademark services needed to keep your intellectual property safe. Our well-experienced and reliable team will keep your work safe from all thefts and abductions.
If you need help finding a local sponsor, our team has connections to some of the most reliable local sponsors in the UAE. Don’t trust just anyone with your company, let us help!
Legal paperwork can be time-consuming. Leave it to us! We offer PRO Services to help with the tedious legal paperwork so you can focus on your business.
Having a bank account is a big advantage to doing business in Dubai Offshore. We can help you understand the requirements each bank has so you can choose the one that works best for your company. Then we quickly help you get an account established.
If you plan to import, manufacture, re-export, and distribute a large number of products, then you may need to get them registered. This includes cosmetics, food, health products, and more. MSZ Consultancy can help make product registration a quick and easy process.
If you need office space for your company, we can help with that too! We have Business Centers located in prime spots around Dubai.
Liquidation can be a stressful process. But not with MSZ Consultancy, because we make the process an easy one. We will make sure you follow all the proper procedures for a fast liquidation.
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