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How to do offshore company formation in Dubai?



Dubai City 3You might be wondering to yourself what makes offshore company formation in Dubai a better option than Seychelles, Hong Kong, Cyprus, and Switzerland etc. Well, first and foremost, Dubai is a well known tourist destination attracting over 13 million visitors in 2014 and on the road to becoming the most visited city in the world. That means you can easily avoid any unwanted attention that would normally be imposed on people travelling to destinations which are well known for their offshore activities.

 

Compared to European offshore companies, there are many other added benefits for forming an offshore company in Dubai or in other emirates. Starting with the confidentiality, the UAE does not disclose information to OECD compared to its European counterparts which makes it very safe for high net worth individuals to setup offshore companies in Dubai with no public record of an individual’s identity. All records of your wealth will usually be owned by a company which no one but only you can know that it’s yours.

 

Next, UAE is also free from all kinds of tax whether to be income tax, capital gains tax, inheritance tax or any other kinds tax incurred in a company. There are also no audits done on yearly basis for an offshore company account. And, the investor or the owner of the company need not even need to be physically present in the country for any extended period of time. Offshore companies in UAE can have 100% foreign ownership compared to other company formation options in UAE like forming a company with DED in the mainland of Dubai where foreigners and expatriates are only allowed 49% ownership officially. However, there are free zone options in UAE as well, which allow 100% foreign ownership.

 

There are 3 options to choose from to setup an offshore company in United Arab Emirates. The first in Dubai itself, under the regulating authority called Jebel Ali Free zone Authority (also known as JAFZA). The second one, in the city of Ajman, under the regulating authority called Ajman Free Zone. And the last and the most popular among offshore company formation in the city of Ras Al Khaimah, under the regulating authority known as Ras Al Khaimah Investment Authority (or RAKIA).

 

If you are not sure of which regulating authority is the best choice for you or the steps you need to take in order to do an offshore company formation in UAE, and then let our team at Chambers Business Advisory help you. We have lots of experience in offshore company formation in UAE and we believe we can not only do the company formation for you but also make the process very pleasant and simple. Our team at Chambers will make the process completely hands off for you and you will never have to worry about any of the minute details involved in the Offshore company formation in UAE as we take care of them very well. Please get in touch with one of our experts today at Experts Hotline.