OFFSHORE BUSINESS SETUP DUBAI
Legal jurisdiction in a foreign country is necessary in order to shield an offshore company’s entire assets from lawsuits.
By following the entire Jurisdictional process, a company can take advantage of tax benefits and increase overseas investments. Providing step-by-step instructions on how to start an offshore business, Sparkle Solutions provides comprehensive information on how to start an offshore business. Many benefits can be derived from setting up an international bank account or an international organization. No matter what type of business entity you choose, we will guide you through the entire process. Creating a business bank account is also part of the process. Furthermore, Sparkle Dubai’s professional team will efficiently set up your virtual office in a manner that meets the highest standards.
By its name, an offshore company in the UAE, also known as a ‘paper’ company, is a business entity that operates outside the jurisdiction of its place of origin, or its place of registration. In 2003, Dubai, United Arab Emirates became a hub for businesses from all over the world with the emergence of offshore company formations. Entrepreneurs and investors can pursue multiple objectives through the creation of an offshore company. With the Dubai offshore business setup process, you can own 100% of your assets and run a profitable business from Dubai.
If you decide what type of business activity you want to engage in, forming an offshore company in Dubai is simple. In addition to the types of offshore business, it is important to understand the advantages as well:
- 100% ownership is reserved for foreign nationals
- The complete repatriation of profits
- Assurance of confidentiality
- There are no restrictions on foreign exchange
- Affordable company creation and maintenance
- Property holding capability
Individuals, as well as corporations, can have ownership rights in offshore companies. As opposed to mainland company formation and free zone company formation in Dubai, offshore company formation is not subject to licenses. Certificates of incorporation, instead, are issued by the authorities. The same reason also explains why you can establish an offshore business quickly and easily in Dubai. International laws govern offshore companies. Establishing a company should be aligned with your business goals. Sparkle Dubai has experience in the business realm and has contacts with UAE authorities, so we are familiar with what you are trying to accomplish which makes things at your ease.
A company in Dubai must be established by filing an application and providing the following documents as listed below:
- A copy of each shareholder’s passport should be submitted
- Resumes should be submitted by shareholders
- A tenancy contract or utility bill could be used as proof of address.
- An authorization from the bank or a bank statement for the past six months
- At least three preferred names
- Choosing an activity for your business
Following the registration of the articles of association of an Offshore Company, the Registrar will issue an Offshore Company number and certificate of incorporation, which will be used for identification purposes of the offshore company. As a Registrar, it is his discretion to refuse an offshore company formation should he believe the documentation submitted does not meet the legal requirements or any other reason that is not subject to challenge in a court of law. At Sparkle Dubai, we ensure that all the necessary documents and forms are submitted so that the process is completed without making any mistakes. We also follow up properly so that the entrepreneur does not lose time or effort and his dream is realized. Our approved specialist’s expertise and close working strategy with authorities enable us to establish an offshore company in JAFZA in about 10 to 12 working days. Sparkle Dubai is a globally recognized organization known for its expertise in company formation, which attracts investors around the globe.
You can trust us to provide you with comprehensive offshore company formation services so that your company gets off to a good start and you receive the best legal advice and support possible. We are also specialists in providing the post-incorporation processes of offshore business setup in Dubai.