Setup a Company in Dubai

For an entrepreneur enthusiastic to live & work in Middle East, it is better to open an onshore company in UAE, but for those investors who do not want a permanent abode there; it’s preferably setting up offshore company Dubai. Another remarkable opportunity is to set-up a company in free zone, like RAK (Ras Al Khaimah) that offers an extensive range of facilities such as 100% foreign ownership permitted, 100% capital repatriation, 0% corporate tax,  etc.

The attractive tax regime as well as many incentives proffered to foreign investors in UAE makes the entrepreneurs select opening offshore company incorporation Dubai. The law which governs the action of offshore companies in Dubai is Federal Law #8 from 1984 which is amended by Federal Law #13 from 1988 (Law for Commercial Companies).

The key advantages of setting an offshore company incorporation Dubai are the following:

• No personal, capital tax, VAT (except for foreign banking branches / oil producers) or corporate tax is there.
• Anonymity & privacy protection are sure
• No obligation is there to deposit the investment capital in a bank;
• Foreign ownership is 100% acceptable
• No minimum share capital is requested there in free zones
• It isn’t necessary to submit the account of company. These accounts are just presented to shareholders.

 

The name of offshore company can’t contain the words like re-insurance, banking or insurance in its composition. Any term of an offshore company must have the termination “Limited” or ‘’Ltd.”. It makes Dubai offshore company incorporation much effective.

An offshore company Dubai can be shaped by one shareholder at least & it can have maximum fifty members. This kind of company should be managed by 2 directors along with a secretary. Their names are kept in director’s register from Dubai Registered Office; however their details aren’t available for public. It is not mandatory for general meetings of the offshore company Dubai to take place there.

The free zones of Dubai as well as the entire UAE do not just provide a friendly atmosphere for the businesses to grow, but offers tax free environment & no restriction on the capital repatriation as well. Numerous industries and shopping malls also favor the growth. Dynamic approaches towards business in UAE thus make it favorable for every kind of business to proliferate.

Maz Advisor is a well know organization that offer you complete assistance in setting up a new business in Dubai. Some of the main services provided by Maz business advisory services are:

• Establishment of the free zone companies
• Establishment of LLC, subsidiaries and to get industrial trade licensing
• Establishment of the offshore companies
• Assistance in account opening
• Making of Memorandum of Agreements (MOA)
• PRO services & processing of Visa

These services by Maz advisors can make the procedure of business set-up convenient and easy. The services offered by them come at reasonable cost. The growth-oriented and lucrative market of Dubai, UAE is worth your investment. If you are looking for setting an offshore company in Dubai, you can rely on the name of Maz Advisors.