An off shore business setup in Dubai provides entrepreneurs from all over with tremendous opportunities in the corporate markets. Unlike a mainland business setup in Dubai or a free zone business, an off shore business fulfills the purpose of trading beyond the registered jurisdiction. This essentially means that off shore companies for the purposes of business setup in Dubai are registered under a single free zone however their jurisdiction is not restricted to that free zone and are allowed to trade and carry their business operations outside the UAE. This type of business setup in Dubai is a lucrative option for entrepreneurs and it ensures fast business operations and minimum paid up capital. Here is all you need to know about setting up an off shore company and why you need RAS Corporate advisors for the best consultancy and aid:

1. Why should you choose to setup an off shore business setup in Dubai?

Apart from being the easiest way of setting up a business, this kind of setup is also hassle free and convenient. Here are all the reasons why a business setup in Dubai for an off shore company is the most viable option for you:

  • No taxes imposed 

  • 100% ownership for foreign individuals 

  • Protection of assets 

  • Availability of virtual business infrastructure 

  • Unlimited tax exemption from capital gains

  • Exemption from minimum balance for capital 

  • No mandatory public share record needed 

  • Provides a gateway to international trade 

  • Has a business friendly legal structure 

  • Provides an opportunity to secure global funding 

  • You can avail a multi currency bank account 

2. The process of setting up an off shore company in the UAE:

The following structured process is what you will require for this type of business setup in Dubai:

  • Select you company name, one that ends with Ltd. or Incorporated

  • Gather all the important documents like your passport, proof of residence and other required documentation 

  • Fill out an application form 

  • Submit the application form to the listed authority in the UAE 

  • Draft out a Memorandum of Association (MoA) when your application is approved 

  • Wait for the final approval from the authorities 

  • Start the operations and activities of your company setup in Dubai 

3. The best locations for an off shore business in Dubai:

Getting hold of the right location is a must for company setup in Dubai, which is why here is a list of all the prime locations in the UAE that stand out and provide better benefits than the rest: 

  • Ras Al Khaimah (RAK ICC)

  • Jebel Ali Free Zone (JAFZA)

  • Ajman Offshore zone 

  • The British Virgin Islands 

4. The necessary documents needed:

Here is a list of necessary documents you will need for company setup in Dubai:

  • A copy of your passport 

  • Your CV and profile 

  • The by laws of your company defining a governing function 

  • The bank statement from your home country