WHAT IS AN OFFSHORE COMPANY?
An offshore company is a legal entity incorporated outside the investor’s home country. The company doesn’t operate or generate revenue inside the country it started. Thus, the corporate tax for offshore companies is 0%. Or a small percentage as decided by the authority of the jurisdiction.
Established business investors often choose to setup an offshore business. JAFZA is a popular location for offshore business setup in Dubai. It offers advantages like:
- Little or no tax and international status. These are two criteria that catch the owners’ interest.
- Investors wanting to protect their assets or enjoy tax exemptions prefer offshore locations.
THE BENEFITS OF SETTING UP A COMPANY IN DUBAI OFFSHORE
Zero Corporate Tax.
Low Authorised Capital.
Remote incorporation is possible.
Company incorporation is very cheap.
The paid-up capital of these companies is generally 0 USD.
The registers of the company are generally private. Thus, the structure of these companies is confidential.
COMMON START-UP OFFSHORE COMPANIES IN DUBAI INCLUD
Distribution and logistics firms
General trading companies
IP (intellectual property) holding companies
Online advertising companies
Property holding firms
Shipping firms
DOCUMENTS REQUIRED TO START AN OFFSHORE COMPANY IN DUBAI, UAE
If you would like to start an offshore company in Dubai, you will need to compile several key documents,
- A business plan
- Bank statements of parent company in home country
- Proof of address (utility bills)
- Passport copies of all shareholder
- Three options for your business name that comply with local business naming rules
- A description of your business activities
THE BENEFITS AND THE ADVANTAGES OF SETTING UP A COMPANY IN FREEZONE
- Quick and easy company formation
- Adding mix/multiple business activities
- 100% exemption from import and export tariffs.
- More than 3 to 5 number of shareholders
- 100% ownership of business
- Virtual office location preferred
- 100% repatriation of profit and capital
GUIDANCE WITH OJO FOR YOUR FREE ZONE LICENSE
OJO is a trusted corporate services provider based in Dubai, UAE. We’ve been assisting people with free zone companies’ setup for over 10+ years and have made a name as a trustworthy source of guidance and assistance for anyone planning to start a business in the UAE market. Some of the experts and knowledgeable individuals in the business setup industry make up our OJO team. We are experts in setting up all different types of businesses, including offshore companies, free zones, and mainland company registration. Given that the professionals in OJO are fully aware of the legal and regulatory landscape in the UAE, they can offer personalised services to clients from various sectors of the industry. We have established a strong reputation for providing clients from all around the world with outstanding outcomes. OJO takes great pride in being one of the most reliable and effective company formation agents in Dubai and offers amazing customer service. You can relax knowing you’re in excellent hands with OJO on your side.