2. Introduction
Dubai has emerged as a place where maximum
businessmen prefer to set up their offshore business.
The government of Dubai has simplified the methods
and procedures for setting up such offshore businesses.
There are many advantages for a company set up in
Dubai Offshore.
3. Advantages
The company is allowed to have 100% foreign
ownership.
The shareholder is not required to be a Dubai resident
in particular.
Separate register is not necessary to be maintained
for the list of company’s officers.
The offshore company enjoys complete secrecy and
privacy.
4. Advantages
The authority grants the investor a right to own real
estate properties in selected areas as mentioned in
the law.
The company can open a bank account for doing the
daily transaction in any currencies.
The company gets tax exemption for all the corporate
as well as income taxes.
Restriction on foreign exchange is not imposed for
these companies.
5. Advantages
The capital and the company’s profits are the sole
responsibility of the person starting the company.
The cost of setting up offshore business is
comparatively lower in Dubai.
No office place is required for this company and as
such it doesn’t incur cost for recruiting employees.
Physical movement of capital is not essential for
incorporation.
6. Advantages
The minimum number of shareholder and director of
the company is one.
An approved registered agent is required for these
companies.
The location of the registered agent can either be in a
free zone or locally in Dubai.
7. Contact Us
HLB Hamt
18th floor, Suite 1801
City Tower -2, Sheikh Zayed Road
PO Box No 32665
Dubai - United Arab Emirates
Phone:+971 4 3277775
Fax:+971 4 3277677
john@hlbhamt.com
www.hlbhamt.com