There are no restrictions on offshore companies to own properties in Dubai
Menu
For those seeking to efficiently oversee their assets or operations in the Middle East, offshore corporations based in Dubai are the preferred choice for establishing a business. An offshore company, which is an international corporate entity, grants you the opportunity to operate your enterprise in Dubai tax-free. In addition to providing a variety of other advantages, it enhances the flexibility and value of your foreign investment.
Offshore businesses are ones that are formed in one country with the intention of doing operations outside the jurisdiction in which they are registered. In other words, it refers to an investment or corporation that is domiciled in one nation but intends to operate in multiple nations.
It is crucial to understand the distinction between offshore and freezone companies in the United Arab Emirates, as the former is intended for business management with a physical presence in Dubai and the latter, offshore companies, merely permit an office address and registration in the UAE without granting the right to conduct direct business activities in the country.
1. Establishing an offshore company provides numerous benefits for your business and grants you greater adaptability with regard to the expansion of your organisation and its global footprint. You can take advantage of the following advantages by establishing an offshore business in Dubai:
2. One hundred percent ownership for non-UAE citizens or expatriates
3. No import customs duties
4. One hundred percent ownership rights to the invested funds and profits
5. There is no tax on profits or income.
6. Administrative and logistical support of superior quality
7. Opening and managing a bank account with minimal effort
8. Legal safeguarding of the organisation’s assets against assertions made by third parties and creditors.
9. The liberty to transfer ownership or shares of the company to a third party.
10. The commercial licence grants the investor the authority to conduct business in every country on earth.
11. One is neither required or obligated to lease an office or establish a permanent headquarters.
12. There is no deposit or repayment requirement for the capital.
Compiling the necessary documentation and taking into account all the factors that must be considered to make an informed decision regarding the establishment of a business and the registration of a corporation can make registering a business a demanding endeavour. We alleviate your strain and apply our complete knowledge to ensure that the registration of your company is completed expeditiously and without incident.
1. Certified copies of the shareholders’ passports.
2. Evidence of residency.
3. Document of original bank reference or six monthly bank statements.
4. Information about the shareholders.
5. Potential names for the new company.
6. Conducting business operations.
7. The benefit beneficiary hierarchy.
Offshore companies can conduct various types of businesses, such as:
There are no restrictions on offshore companies to own properties in Dubai
No, there’s a difference between Freezone companies and Offshore companies. Free zone companies are established with the aim of operating businesses in the area of their registration with a physical presence within this area, while offshore companies are established with the aim of working outside their place of registration and have an office and registration address only at their location of ownership without having the right to operate commercial activities directly in it.
MeddyConsultancy copyright © 2023. All Rights Reserved.