Offshore Company Formation
Offshore Business Setup in UAE
UAE has amazing options for business setup and one of them is offshore business setup. Offshore also has its own rules and regulation which are investor-friendly. It is one of the most effective and affordable ways to start a business in the UAE especially in international trading. The government of UAE recognizes and supports offshore companies largely. Also, the entrepreneurs and the investor are giving more priority to offshore company setup as they are looking for business confidentiality and capital safety.
At Bytes, we have a team of professionals who are experienced in offshore company formation to start a new offshore entity according to your activity.
The main advantages of offshore company formation in the UAE are 100% foreign ownership and 100% tax exemption. There is no income tax, corporate tax, or personal tax. And also it will be able to expand the business globally. Offshore companies are also known as non-resident companies. Because it can have a non-UAE resident as the director of the company with no transactions inside the country. For offshore company formation, you require a certificate of incorporation for starting the operations. There are three jurisdictions under offshore company setup in UAE:
Features of Offshore Company Setup in UAE
- Business director/shareholder can be UAE, non-UAE or corporate
- Physical office in UAE is not required
- 100% business ownership
- Zero business taxes
- International operations allowed
- Easy documentation
- Quick incorporation process
- UAE residency visa not mandatory
- Deposits can be made in any bank
- No need for special licenses
- Low setup cost and renewal cost
- Free to prepare an invoice for international clients
Activities Permitted in Offshore Company
Offshore business setup is applicable for the following services:
- Consulting and Professional services
- Advisory services
- Trading services
- Shipping services
- Investment-related services
How to Register Offshore Companies?
The following are the most important steps included in offshore company registration in Dubai, UAE.
- Finding the right jurisdiction
- Selecting the Registered Agent
- Opening Bank account
We assist you in Offshore company registration in UAE. Now you can grow your business internationally without any stringent government laws or local rules in place. Our team of experts has in-depth expertise to understand the business type and needs hassle-free. Bytes Business Consultants helps you with documentation, including registration, obtaining or renewing a license, obtaining an incorporation certificate, opening a bank account, and more.