RadiantBizRadiantBizRadiantBizGet started with your Offshore Business Setup
Establish your company effortlessly with Offshore Company Formation services in Dubai. Enjoy tax benefits, privacy, and a strategic global presence. Our expert team guides you through seamless processes, making your business journey smooth and successful.
UAE is one of the most preferred places for business setup by entrepreneurs all over the world. With offshore setup facilities in Dubai, UAE, traders are becoming increasingly attracted to starting a business here. Due to regular reforms by the government in favor of traders, the demand for UAE Offshore business setup has increased manifold, making it one of the most popular preferences for new business setup in Dubai.
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.
Setting up a business in UAE offshore is an easy process that lets you quickly get started with your venture. Follow the below mentioned steps to get started with your business in the UAE offshore:
We have talked about how the UAE offshore should be your priority for business setup. But what are the advantages of setting up a business in the UAE offshore? The advantages of business set up in the UAE offshore is as follows:
Quick and easy to setup
Flexible laws and no red tapping. Get rid of excessive bureaucracy or adherence to formalities.
Get corporate bank account
Setup your corporate bank account in UAE with your offshore company license in uAE.
100% repatriation
Get 100% profit repatriation to your native country and get tax benefits as well.
Tax exemption
get 100% tax exemption on personal or corporate income or gains.
Business privacy
There are no restrictions on foreign currency exchanges & money transfers.
Asset protection
Secured and protected investments and full investment security.
Business setup in any jurisdiction requires a set of documents. The documents required for setup in the offshore are as follows:
01
Business Plan
You need to present a business plan for at least three years, along with name reservations and the type of business activity.
02
Bank Paperwork
You need to have an original bank reference letter or 6 monthly bank statements that are stamped by the bank.
03
Address Proof
You are required to present a valid proof of address that may include any utility bills that bears a credible address.
04
Shareholders Prerequisites
You are required to submit a CV of the shareholders along with their passport copies.
There are always two sides of a coin. The disadvantages of the UAE offshore company set up are as follows:
Dubai’s offshore licence offers firms a cost-effective regulatory environment with complete tax and tariff exemptions. Offshore company formation in Dubai is becoming a dream come true for every overseas investor thanks to excellent business financing infrastructure. RadiantBiz 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. Contact our business setup consultants today to get started with your business set up in the UAE offshore.
There are 4 types of companies that can be set up in the UAE offshore. These are as follows:
1. 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.
2. 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 assets and liabilities. The portfolios are incorporated if the registrar is satisfied with the company’s directors knowledge and experience.
3. Restricted Purposes Company
This type of company created for the purpose of serving as a special-purpose vehicle. An RPS is a limited-by-shares company which specifies that it is a restricted-purpose company and the purpose or purposes for which it was formed. The company is bound by the restrictions on the operations indicated in the memorandum.
4. Unlimited Company
An Unlimited Company (UC) is a company incorporated with or without share capital in which the members’ liability is not limited, i.e. 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.
