Open an Offshore Company in Dubai

Updated on December 7,2018
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Open-an-offshore-company-in-DubaiThe number of foreign investors coming to the UAE and especially to Dubai is rising year after year because of the numerous advantages the Emirate offers. Foreign entrepreneurs are interested in setting up both offshore and onshore companies in Dubai depending on their business objectives. Opening an offshore company in Dubai implies the appointment of a local agent to carry out the business registration procedure.

Our company formation agents in Dubai can help foreign enterprisers to set up the type of company, according to their needs.

Why open an offshore company in Dubai?

The main advantage of registering an offshore company in Dubai is the fact that the company can provide its services outside the Emirate without certain requirements applicable to onshore companies. Starting an offshore company in a Dubai free zone has many other benefits among which:

  • -          no taxes on capital or repatriation of profits;
  • -          full foreign ownership is permitted;
  • -          only one shareholder and a director are required to register the company;
  • -          any currency can be used as a capital for the company;
  • -          the is no requirement to deposit the capital in a bank account;
  • -          the shareholders benefit from privacy.

Additionally, Dubai free zones are considered prestigious places to register a company in.

How to register a Dubai offshore company

The first and most important step to open a Dubai offshore company is to choose a local agent or a specialized company formation firm to carry out the registration. The following documents are required in order to establish an offshore company in Dubai:

  • -          the articles of association;
  • -          an utility bill to serve as proof of residence in the UAE;
  • -          the share capital;
  • -          the name of the company which must be reserved with the Trade Register.

The offshore company’s trade name must contain the abbreviation “Ltd.”.

Once these documents are ready, the company must also have a bank account. Our representatives in Dubai can prepare the incorporation documents for offshore companies and can also guide foreign investors through the bank account setup process.

For complete company formation and accounting services, do not hesitate to contact our in company registration agents in Dubai.