Companies can establish an offshore entity in Dubai with the minimum criteria and greatest benefits. The following are some of the main advantages of establishing a business offshore in Dubai:
Offshore companies are allowed to carry out multiple business activities in the commercial and service sector
A foreign investor can have 100% ownership of the offshore company
Investors don’t need to have a physical space to incorporate the company
Offshore companies offer high levels of confidentiality since the details of the owners are not disclosed.
You don’t need to register the names and details of shareholders and directors for public record
You can have multi-currency bank accounts so as you can see it’s easy to carry out international business transactions
There are no restrictions on the repatriation of funds. There are also tax exemptions on corporate, personal, and income tax and custom duty exemptions
To carry out the Dubai Offshore Business Setup you must gather the required documentation to ensure you can obtain the expected result.
Here are the documents you need for Offshore Company formation in Dubai:
Copy of each shareholder’s passport
Passport size photo in color with white background
Company Application Form.
Proof of address.
Passport copy of the designated manager