A Guide to Offshore Company Formation in UAE
This blog post will guide you through everything you need to know about offshore company formation in the UAE, including the benefits it offers to expats. Choosing the right type of company for your business can depend on various factors, and we’ll help you understand if an offshore company is the right fit for you.
To start, unlike Mainland and Freezone companies, offshore companies in UAE are not issued a business license, but rather a certificate of incorporation. These companies are able to operate within authorized jurisdictions and conduct international business transactions thanks to the numerous tax benefits and lenient policies that attract entrepreneurs to offshore company formation.
Further, to obtain approval from the registrar of offshore companies, the authorized person of the company is required to submit an application, along with supporting documents. It is recommended to hire a company registration agent to complete the official formalities. The offshore company can open a corporate bank account in the UAE or abroad. To ensure an efficient process and avoid major problems, we recommend to seek assistance from business setup consultants in UAE.
Benefits of Offshore Company Formation in UAE
Not only do offshore companies enjoy tax exemptions and other monetary benefits, but they can also undertake international transactions without any complications or limitations. Also, compared to other types of companies, the registration process for an offshore company is quick and simple. No more waiting around for months on end to get your business up and running!
Moreover, one of the best things about offshore companies is that they don’t require an Emirati sponsor, so you can hold a 100% share and make all the major decisions. And if you’re concerned about privacy, you’ll be happy to know that offshore companies offer total confidentiality. The information about shareholders and the director board is not made public, giving you peace of mind that your sensitive data is safe and secure.
If you’re considering setting up an offshore company in UAE and need guidance, then partner with Skwer Group. We are a team of professionals with years of experience in the UAE business landscape. We can help with not just business setup services in UAE, but on any bank account opening in UAE as well. You may send us an email info@skwergroup.com or send us a message online for a live chat with one of our consultants. We will be happy to provide you with additional helpful information.
