It Offers different types of business formations

An entrepreneur is free to form his company in any of the following forms like Offshore Company, Free Zone Company and Limited Liability Company, etc. One can conduct their business in any of these forms to enjoy the benefits, which are discussed further.

Company incorporation in Dubai is profitable as it does not exercise foreign exchange controls

It has highly competitive import duties

There are no trade barriers or quotas

It offers world class infrastructure for setting up business offices

It has high levels of liquidity and competitive financing costs.

Several business formations can enjoy 100% freedom from paying taxes.

Huge number of sectors

One can invest in any of the sectors in Dubai. Real estate is one of the booming sectors in Dubai. Constructions, be it commercial, official or recreational, is in heavy demand. Similarly, Dubai is a favorite international vacation destination and thereby, has a prosperous travel and tourism sector. Setting up your business in this sector can fetch good financial benefits. Health care, transportation, and financial services can be other businesses of interest.

The Role of Company Incorporation Services

Since, there are different types of business formations, the set of rules and regulations governing the formation of each of these vary. So, in order to ensure that you are following the correct set of instructions, seek the company incorporation services .
A company incorporation service provider takes care of the business formation process concerning every type of business. They can also act as your local agent to handle the processes.

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The types of Companies

Before setting up your company in UAE, it is important to note that there are different means of company establishment. One can form a Limited Liability company, Branch and Representative Office or an offshore company in UAE. Each of these has a different set of norms and benefits. Out of these, the offshore company formation is considered as one of the most profitable establishments.

How to set up an offshore Company

UAE offshore company formation is quick and hassle free and one can get his company incorporated within 24 to 48 hours after completing the formalities. However, before setting up the offshore company one should be aware of the guidelines and the restrictions levied on it.

The company name can only end with limited or LTD.

It should not be concerning businesses such as banking and insurance.

The number of Shareholder, Director and Secretary is limited to one or can be a corporate entity.

Each of them must have visited UAE in the past 6 months and show an entry stamp on the passport.

Benefits of an offshore Company

Setting up an offshore company has several benefits. Each of these is listed below:

An offshore allows 100% ownership of the company unlike the onshore company where you need to have a local UAE shareholder with 51% share.

This company can be in virtual form and hence saves the cost of renting space and furniture to set up the office.

The business of an offshore company can be carried out in complete anonymity. There is a thorough confidentiality in the way these companies function.

An offshore company is completely tax free and custom duty-free.

The profit from such companies is wholly transferred to the owner.

Offshore companies have the fastest incorporation in a span of 24 to 48 hours.

These companies can open liberal bank accounts. These accounts have huge flexibility and can handle multiple currencies. However, the opening of the account may take some time because of the complex procedure.

It gives you the freedom to run your operations.

An investor need not run to the Ministries of Foreign Affairs and embassies to complete the tedious documentation process.

Choose a Consultancy Service for Easy Legal Procedures

Setting up a company on a foreign land can be confusing as one may not be acquainted of all the rules and regulations. One would need to conduct an intense search to be aware of these. This is where one should seek the services of a professional consultancy. These help you in Dubai offshore company registration.

The documentation process and other legal aspects are taken care by them. They act as your registered agents in Dubai and prepare your registration forms and incorporate all the certificates. So, setting up your company becomes easier and faster with the services of such firms.

The post Setting up an Offshore Company in UAE appeared first on Vitta Financial Analysis & Consultancy LLC.

The UAE market offers several business entity options like, Free Zone Company, Limited Liability Company, joint venture, Professional firms and Offshore Company etc. However, the UAE offshore company formation is considered as one of the most advantageous of all.

Benefits of UAE offshore company formation

The sole reason of establishing any business is to reap long-term profits from it. Hence, UAE is fast emerging as an appealing destination because of the huge financial rewards that accompany numerous projects. However, the benefits of offshore company formation in UAE are not just limited to the financial aspects. The several advantages of offshore business are listed below.

Besides the benefit of tax exemption, the offshore company formation in UAE allows 100% foreign ownership.

An offshore company can be in virtual form. It is not necessary for an offshore company to have an office in UAE. However, it may own real estate properties which are approved by the authorities of the UAE.

An offshore company respects privacy and the business can be carried out in complete anonymity. Moreover, it is not necessary for an offshore company to hold public record of directors and shareholders.

An offshore company is registered faster as it has a faster incorporation process.

An offshore company can open a corporate bank account, which is largely flexible. The bank accounts can support multiple currencies.

An offshore company is exempted from any income tax, corporate tax, personal tax or custom duty.

It is not necessary for an investor to meet the authorities in order to incorporate the company. A registered agent can get the documents signed by the investor at his/ her office and complete the procedure.

Guidelines to UAE offshore company formation should follow: 

The company name should not pursue listed businesses such as banking or insurance. The company name should end only with LTD, Ltd, LIMITED or Limited.

The number of Director, Shareholder, and secretary is limited to one. Each of these should have visited UAE in the last 6 months and should be able to show an entry stamp on passport.

The time period of company incorporation can take as long as 24 to 48 hours. However, the time period to open bank account can take 2 to 4 weeks depending on the corporate structure.

Why Choose an Offshore Consultancy Service

In order to setup an offshore company in any part of world one requires thorough research and understanding of legal formalities. Hence, it is advisable to opt for an offshore consultancy service who is an expert in establishing offshore companies. This offshore consultancy service will help you in UAE offshore company formation and render services necessary to complete the legal procedure.

So, setting up your business in UAE can reap good profits even with limited capital investment if you have the support of a reliable offshore consultancy service.

The post Advantages of Setting Up An Off-Shore Company in UAE appeared first on Vitta Financial Analysis & Consultancy LLC.