An innovation of the Free-Zone authorities, the concept of an "Off-Shore" company in the UAE is a flexible corporate entity which allows for the a mixture of On-Shore and Off-Shore features.
Registered within a Free Zone, the Offshore company has several of the benefits of a standard Free-Zone Company
An Off-Shore company can conduct businessoutside of the UAE - but generally not within.
However, It can open and operate bank accounts with UAE-based banks, can own investments inside and outside of the UAE (JAFZA) and can also own real estate in Dubai in certain designated areas (which are approved by the Free Zone registrar). Income derived from its investments (including real estate) can be held in the company bank account and repatriated thereafter.
Unlike other Free-Zone companies, there is no minimum capital requirements for an Off-Shore company to incorporate.
A minimum of 1 directors (maximum of 5) are required, Shareholder(s) may be either natural persons or corporate entities, any of which may also be non-resident (expatriates).
Key benefits of the Off-Shore Company are:
- Short set-up time
- No requirement for an office in Free-Zone
- 100% ownership by Expatriates
- No currency restrictions
- All income and profits may be repatriated
- No corporate, personal or capital gains tax
- Strong corporate privacy
- Open and operate bank account in the UAE
- Able to own property in Dubai (JAFZA OFFSHORE)
- No residency visa without an office
- Can own investments inside and outside of the UAE
- Invoice international Clients
- Own Mainland / Free Zone Companies within UAE
Well, one of my friends living there since 2007 and he is one of the Auditors In Dubai who are very trustworthy. I am thinking to Set Up Business In Dubai because my all relatives are living there.
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Hi Jimmy, what type of business you want to setup in Dubai & how much capital you have
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