In the UAE, business licenses are issued only to Mainland and Free Zone companies. For Offshore companies, a certificate of incorporation is issued by the UAE authorities. The offshore company can undertake overseas transactions, but they have to operate within an authorized jurisdiction. The business-friendly policies of the UAE government, along with tax benefits, influences foreign investors to form offshore companies.
For an investor or entrepreneur to form an Offshore company requires the applicant to submit passport copies, proof of residence, company shareholder details, and other applicable documents to the Registrar of Offshore Companies for approval and certificate of incorporation. The offshore company is allowed to open Bank accounts in the UAE or abroad. While it is easy to set up an Offshore company, the process to get it done requires the assistance of a company registration agent. Taking the services of a Business setup consultants in Dubai or any other part of the UAE will help complete the formalities smoothly and quickly.
There are many advantages that an offshore company in the UAE offers. The all-around convenience makes forming an offshore company an attractive proposition for foreign investors.
Some of the benefits available are:
Absher business Consultancy is a well-known name for providing excellent services for offshore company formation in the UAE. Starting an offshore company requires knowledge and understanding of the legal process. Business consultants can help in PRO Services, documentation, banking transactions, and other formalities needed as per the present UAE laws. The
consultants help in every stage of setting up the company, and that includes
· Advising the client on selecting the correct type of business in an offshore setup.
· Shortlisting at least three names for the company and submitting them to the authorities for approval of any single name. The rule requires that the company name ends with "Limited" compulsorily.
· Helps in opening a bank account. A bank account is necessary for getting the certificate of incorporation. The company can open a bank account UAE or overseas and carry out multi-currency transactions.
· Help accomplish the documentation processes, including preparing MOA, finalizing the directors and management names, etc.
Business consultants like Absher have a team of professionals who can ensure that the entire process is overseen by professionals so that there are no delays or penalties involved.