1 / 3

Simplify Your Business_ Guide to UAE Offshore Company Formation

Simplify Your Business_ Guide to UAE Offshore Company Formation

virtuebizsetupae
Download Presentation

Simplify Your Business_ Guide to UAE Offshore Company Formation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Simplify Your Business: Guide to UAE Offshore Company Formation Offshore company formation in UAE could provide the strategic edge your business needs to succeed, access global consulting and trade opportunities, and establish an international presence. In addition, you can benefit from minimal taxes on VAT, real estate transactions, and capital gains while holding your wealth and protecting your assets. If you plan to operate globally but would like to have properties and accounts in the UAE, then an offshore company may be for you. But should you consider it? And how can you get started? This guide will keep it simple with answers to these important questions and more so you can make informed choices. How to do it As an offshore company, your business is an LLC or corporation registered, incorporated, or established outside your country’s jurisdiction. Here’s how to register it legally: · Step 1: Pick a company name. · Step 2: Apply for the business set-up with all the necessary supporting documents. · Step 3: Present all documents to relevant authorities for assessment and to get the necessary permits. Step 4: Create your Articles of Association (AOA) and Memorandum of Association · (MOA) in English and submit them to the relevant authority for approval. · Step 5: Create an offshore bank account. Why consider it? Your business can benefit from offshore company formation in Dubai in many ways: Tax parity · Accessible and stable legal system · Adaptable regulatory framework · Availability of global financing · Separation and asset protection · Access to global markets ·

  2. What else should you know about offshore companies in the UAE? Offshore company formation in Dubai does not require a physical office, but you must still register your business. But don’t worry, as specialists can take care of that. In addition, they can provide support services and virtual offices to ensure your business has everything it needs to operate legally and seamlessly. Navigating the Offshore Hubs: · JAFZA: Situated in Dubai, JAFZA boasts excellent infrastructure, a vibrant business ecosystem, and a well-established reputation. Costs can range from AED 15,000 to AED 40,000 (approx. USD 4,055 to USD 10,800). RAKICC: RAKICC in Ras Al Khaimah offers a cost-effective option with formation fees starting around AED 8,500 (approx. USD 2,298). It is known for its efficient processing times and business-friendly regulations. · Ajman Offshore: The Ajman Offshore jurisdiction provides competitive rates and a streamlined setup process. · Solutions for Private Clients: Foundation: It’s a corporate body that is created as a legal personality separate from it’s founders. Some of the common purposes of setting up a foundation are holding assets, holding operating companies, Family philanthropy purposes, distributing dividends from operating companies, succession planning etc. · Holding Company: Such companies can hold controlling stock in other companies but aren’t allowed to manufacture or sell any product or services. It’s subsidiary companies can hold shares, Intellectual Property rights, vehicles, equipments or anything else that is being used by the parent/holding company. · Family Offices:The purpose of single-family offices (SFO) is to manage the affairs of a wealthy family.Some of the key reasons to set upan SFO are family privacy, ensuring continuity of legacy and values across generations, managing family wealth and dealing with succession, providing a single resource to oversee family wealth etc. · Types of Companies: Company limited by shares · Company limited by guarantee · Restricted purposes company ·

  3. Segregated portfolio company · Unlimited Company · Interested in offshore company formation? Virtue has specialists who can assist with offshore company formation in Dubai. Their streamlined process and customisable solutions simplify and speed up the incorporation of an offshore business, taking only a few days to complete. Schedule a free consultation by calling +971-501152351 and be on your way to unleash the true potential of your business.

More Related