Offshore Company Formation in Dubai: Activities Permitted and Benefits Offered!!

An offshore company formation in Dubai is one of the most advantageous ways to start your business in the UAE. Offshore companies are well-supported by the UAE government and are recognized all around the globe. They receive custom and tax-free advantages with other financial benefits. Hence, UAE is one of the ideal countries to set up an existing company’s new branch or a new organization.

Being one of the largest growing and proven to be one of the best places to start a company, an offshore company formation in Dubai offers almost all the basic and advanced facilities for business. However, when it comes to business activities, there are certain conditions that entrepreneurs must follow.

Offshore Company Formation in Dubai

Activities that can be carried out as an offshore company in Dubai are:

  • Consulting services
  • Advisory services
  • Intermediary brokers or commission agents
  • Buying or selling stakes of a company
  • General trading services
  • Ship management and shipping services
  • Owning property
  • Investment services
  • Professional and international services

Why opt for Offshore Company Formation?

There are many reasons to choose an offshore company formation in Dubai. Firstly, in Dubai, you can own a business with 100% complete ownership of your assets. Besides this, you can even avoid certain processes in the company formation procedure and get lucrative tax advantages.

There are several more reasons to choose an offshore company formation.

Some of the major reasons include:

  • 100% discharge from export and import taxes
  • Full foreign ownership that too without the need of any UAE local national as a sponsor or shareholder
  • Easy and simple steps for share transfer
  • Zero personal tax, zero corporate tax, and zero income tax
  • Investment diversification
  • An easy method to open a corporate bank account
  • Asset protection
  • Simple international operations
  • Complete confidentiality and anonymity
  • Full privacy in business operations
  • A complete renewal of profits and capital
  • No capital requirement
  • Income from a holding company or a taxable jurisdiction is also not taxable
  • Low operational costs
  • Minimum number of shareholders and directors required is just one
  • World-class investment and banking management services
  • No physical space required for office
  • VAT and taxes on capital holdings are not at all applicable
  • No restriction on foreign currency
  • Multi-currency bank accounts in any foreign bank are allowed
  • Low infrastructural costs
  • Protection of legal investments and assets
  • Easy reach to the global markets and Gulf
  • Smooth and hassle-free company incorporation within 3 to 4 days

Offshore companies are comparatively easier to maintain, especially concerning the benefits they offer. Hence, if you’re planning to set up a company in Dubai, go for the offshore option and grab great advantages that come with it.