Offshore companies are often preferred because of how discreet they are compared to other forms of companies that are there in Dubai. Locations where you can setup offshore companies are located in three specific areas in Dubai – Jemel Ali (which is in Dubai), Ajman, and Ras Al Khaimah. This article will look into the details of the one in Jebel Ali and what are the perks associated when you create an off shore company.
Let us enumerate the benefits of setting up an off shore company in any of the three locations:
Companies who have their business setup in JAFZA (Jebel Ali Free Zone Authority) will be entitled to hold residential and commercial properties inside Dubai.
In a nutshell those who want to setup their company in an offshore location will be able to avail:
Those who chose to setup in Off Shore Locations are usually practicing;
When you create your offshore company you will be able to stay away from severe scrutiny and prying eyes. Since there is no taxation department operating in Dubai, you will be exempt from all that scrutiny and hassle. Income taxes, inheritance taxes, capital gains taxes are all exempt from being deducted. This entails that personal information that you might have will stay in Dubai and will remain private. Besides this when you setup an off shore company in Dubai you can setup a bank account that is completely safe and secure where the Dubai banking laws are strictly enforced.
When you want to register the company in Dubai, you will require a registered agent to work with you. This registered agent will help you with registering of the company. The government will levy charges before you can become a registered off shore company in Dubai. But overall those companies which are there off shore can relax because of the level of anonymity that they are able to gain.
That being said, there are certain things that you are not allowed to do when you are operating off shore.
Companies operating in off shore are not able to trade within the United Arab Emirates.
Companies operating off shore are also not able to rent local premises in the UAE.