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Offshore

Offshore Company Formation in Dubai

By far, the most popular business structure is the registration of a UAE offshore company. An offshore company is a foreign corporation that pays no or very little tax. A legal business entity formed to operate outside of its territory or the location of its permanent possession is known as an offshore company. Limited liability corporations, limited companies, and limited partnerships are all options for forming an offshore company in Dubai. However, unlike free zone and onshore companies, one cannot obtain a UAE residency visa through offshore companies, neither can lease office space.

Benefits of UAE Offshore Company

- A physical location or office is not required for an offshore company in Dubai, UAE.
- Complete ownership of the business.
- Confidentiality is an additional benefit for overseas investors who want to keep their business transactions within the UAE and outside private. During the company establishment process, the details are kept confidential.
- There is no corporate income tax for offshore corporations.
- International business transactions and multi-currency bank accounts with guaranteed money security.

Documents Required to Start an Offshore Company

- Necessary documents and filing of forms
- A business strategy and plan (three years)
- Original bank reference letters and six months monthly statement
- Verification of Address
- Stockholders' curriculum vitae
- Passport copies of each shareholder.
- Three choices and options for the name.
- Business activity details and specifications.

The process of forming an offshore business, also known as a non-resident corporation, maybe rather stressful if you don't see what you're doing, and it can be delayed if you make even the smallest mistake. This is why you should work with Dubai offshore company formation experts who can assist you in producing the application documents and information necessary for a successful offshore company. Contact us today!!
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