Dubai Offshore

Dubai offshore

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OFFSHORE COMPANY REGISTRATION IN DUBAI-01

Why Dubai Offshore?

Offshore company formation in Dubai provides a number of advantages, which is why many established firms outside of Dubai choose this option.

Dubai offshore offers firms a cost-effective regulatory environment with complete tax and tariff exemption. Offshore company creation is becoming a dream come true for every overseas investor thanks to excellent business financing infrastructure. Radiant allows your firm to have numerous bank accounts in various currencies to do worldwide commerce. We are providing effective solutions for your offshore set-up and banking hurdles.

Offshore

UAE is one of the most preferred places for business setup by entrepreneurs all over the world. With offshore setup facilities in UAE, traders are getting increasingly attracted to start a business here. Due to the regular reforms by the government in favor of the traders, the demand for UAE Offshore business setup has increased manifold making it one of the most popular preferences for business setup.

An offshore company is a type of international business entity that offers no or low tax benefits, as well as convenience and flexibility in conducting business. Offshore corporations that are registered in Dubai are permitted to have their offices in areas outside of the city.

The company set up in UAE offshore is easy process and gets done in a few weeks. Offshore companies can be established for international trading, holding companies, shipping company, owning real estate, registering copyright and patents as well as for international consulting services.

OFFSHORE COMPANY REGISTRATION IN DUBAI-01

Advantages of setting up an offshore business entity

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It is quick and simple to setup
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It provides tax exemption
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It provides privacy while doing business
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It is a cheap way to get a corporate bank account in UAE
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The owners do not have to register their names in any documents
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100% repatriation to the home country

What are the types of offshore companies that you can setup?

Company limited by shares- the shareholders’ liability to the company’s creditors is limited to the capital originally invested, i.e. the nominal value of the shares plus any premium paid in exchange for the company’s issuance of the shares. The word “Limited” or “Incorporated” or the abbreviation “Ltd” or “Inc” must be at the end of a limited company’s name.
Company limited by guarantee- RAK ICC can establish up a Company Limited by Guarantee (CLG) as a company that can issue shares or as a company that cannot issue shares. The word “Limited” or “Incorporated” or the abbreviation “Ltd” or “Inc” must appear at the end of the name of a limited company.
A guarantee member must be at least one of the company’s members, whether or not the company is authorized to issue shares, and a guarantee member may also be a shareholder if the company is authorized to issue shares. In the event that the company is ceased, the guarantors promise to contribute a little sum.
Restricted purposes company – A Restricted Purposes Company (RPS) is a company created for the purpose of serving as a special-purpose vehicle.
An RPS is a limited-by-shares company whose memorandum specifies (a) that it is a restricted-purpose company and (b) the purpose or purposes for which it was formed.
RPS is mostly used for a single purpose. People doing business with an RPS Company can be assured that the company will not engage in any activity that is unrelated to its declared purpose. The company, its shareholders, and its directors are bound by the restrictions on the firm’s operations indicated in its memorandum.

Segregated portfolio company – A Segregated Portfolio Company (SPC) is a company limited by shares. The SPC may build up to ten segregated portfolios to separate the company’s assets and liabilities held within or on behalf of a segregated portfolio from the company’s other assets and liabilities. Segregated portfolios can be incorporated if the Registrar is satisfied that the company’s directors possess the knowledge and experience required for proper portfolio management.

A protected cell company is another name for a Segregated Portfolio Company (or SPC). Share capital, retained earnings, capital reserves, share premiums, and all other assets attributable to or held within the Segregated Portfolio make up Segregated Portfolio assets.

Unlimited company- An Unlimited Company (UC) is a company incorporated with or without share capital in which the members’ liability is not limited: that is, its members are jointly and severally liable to meet any insufficiency in the company’s assets to enable the settlement of any outstanding liability in the event of the company’s formal liquidation. Members of a UC, like members of a general partnership, have unlimited liability; however, unlike a general partnership, the UC is a separate legal entity capable of owning assets in its own name.
Unlimited company- An Unlimited Company (UC) is a company incorporated with or without share capital in which the members’ liability is not limited: that is, its members are jointly and severally liable to meet any insufficiency in the company’s assets to enable the settlement of any outstanding liability in the event of the company’s formal liquidation. Members of a UC, like members of a general partnership, have unlimited liability; however, unlike a general partnership, the UC is a separate legal entity capable of owning assets in its own name.
Unlimited company- An Unlimited Company (UC) is a company incorporated with or without share capital in which the members’ liability is not limited: that is, its members are jointly and severally liable to meet any insufficiency in the company’s assets to enable the settlement of any outstanding liability in the event of the company’s formal liquidation. Members of a UC, like members of a general partnership, have unlimited liability; however, unlike a general partnership, the UC is a separate legal entity capable of owning assets in its own name.

Beware of the frauds

We are dedicated to detecting and preventing fraud, and we want to educate our clients about many sorts of fraud, such as identity theft, internet fraud, and scams. We’ve identified numerous serious risks on the Internet in recent years, and we encourage you to take fast action to both prevent and handle these concerns if they arise.
Fraudsters can be quite inventive when it comes to online scams, employing new and complex tactics of manipulation. As a result, we encourage our clients to take proper precautions to protect themselves against fraud and to report any suspicious cases to us.
Be on the lookout for anybody posing as us or the RAK ICC and asking money or other services.
Please note that no Incorporation Certificates have been issued by the former authorities since 09 April 2016, following the merger of RAK International Companies and RAK Offshore, which resulted in the formation of RAK ICC.
Since January 1, 2018, no paperwork on pre-existing entities incorporated by the old authorities have been issued.
After these dates, any document claiming to be issued by these authorities cannot be trusted. We and RAK ICC, have no connection to such fraudulent activities.

Here are some tips to help you avoid being a victim of fraud:

  • Consider your options carefully before accepting any business investment offer;
  • Make your decision based on more than just what the person tells you or what you learn on the internet.
  • Any deal delivered via personal email or any link that does not use the official domain should be ignored.

Documents Needed to Form an Offshore Company in Dubai

Business plan
Proof of Address
Business Activity
The shareholders’ attached resume

What is offshore license?

What is offshore license?
An offshore license is the license that enables you to open an offshore company. By opening an offshore company, you get to trade outside the city you are setup in and maintain privacy as well.
How much does it cost to set up an offshore company in dubai?
It costs AED XXXX to setup an offshore company in Dubai. It is an easy process and you can get your license in a few weeks only if there are no errors in the form.
How do i set up an offshore company in UAE?
To setup an offshore company in UAE, you have to follow a few steps of company registration. To avoid any type of chaos and mistakes take help from a company setup consultant like Radiantbiz. We at Radiant Biz strive to understand these unique precepts and provide expert and reliable consultation to our clients with updated laws and governing regulations, awareness of their rights, and cost-effective business solutions tailor-made to their business needs and budget.

Benefits Offshore Company Formation in Dubai

Asset Protection after Offshore company registration in Dubai
Secured and protected investments and full investment security.
Profit Maximization and tax minimization
Get maximum profit and be exempted from taxes.
Exemption from all kinds of local taxes (personal, corporate, professional)
100% tax exemption on personal or corporate income or gains 100% repatriation of capital and profits.
Ease of business operations and control
Flexible laws and no red tapping. Get rid of excessive bureaucracy or adherence to formalities.
Complete anonymity, confidentiality, and privacy in operations
Anonymity, confidentiality and privacy maintained in various operations.
Intellectual property rights
Intellectual property rights like as patents, trademarks, and copyright are all examples of intellectual property rights that may be licenced.
FREQUENTLY ASKED QUESTIONS

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What are the benefits of an offshore company?

Advantages of offshore companies 1. Privacy. 2. Asset protection. 3. Reduced tax liability. 4. Protection against lawsuits. 5. Flexible business laws. 6. Ease of operation. 7.Confidentiality.

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What is Offshore Company Formation?

An offshore company is one that is incorporated in a jurisdiction other than the jurisdiction that constitutes its main place of operations or where the company's principal investors reside. In a broader sense, offshore simply means a jurisdiction other than your own

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Are offshore accounts ethical?

When you follow the rules, offshore banking is perfectly legal, and it gives you the means to better protect your assets against economic and government turmoil while giving you a higher level of currency diversification and financial strength

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Is it possible to receive UAE residency visa over Dubai Offshore company?

No. This is one of the main differences of Dubai Offshore company to onshore company. Offshore companies do not provide the possibility to receive residency visas over such companies.

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