All about business and offshores in Dubai

The UAE is one of the richest countries in the world and all conditions for creating a business are built here. That is why so many entrepreneurs and companies want to register their business here. Most often, businessmen are attracted by the offshore UAE due to a more affordable price for registration.

Why do investors want to open businesses in the UAE?

For businessmen from other countries in the UAE, there are many reasons and advantages to set up companies here, for example:

• rapid economic growth of the country;
• different infrastructure, which is well developed here;
• currency stability and reliability of assets storage in banks;
• Simple tax payment system and ease of financial reporting;
• convenient location of the country on the map, because the trade routes of Africa, Asia and Europe intersect here;
• Protection of business by legislation and the absence of bureaucratic problems.

Opening your business here, you can create favorable conditions for its prosperity and bring it to the international level.

Features of offshore companies

Capital from other countries in the UAE comes most from offshore registration. Dynasty Business Adviser knows all about business in Dubai and will help you open it from scratch. There are professionals here who can just be trusted. The company operates without intermediaries, and its office is located in the Emirates, so many issues are resolved directly. This affects the price of services, it is more profitable compared to other companies. Offshore companies are opened to conduct trade of international importance. Such companies have the following features:

• A resident visa in this case is impossible to obtain, as well as a tax certificate;
• In this case, the real office in the UAE will not be opened either;
• the amount of capital under the charter is not regulated;
• Ability to manage foreign funds in full;
• Doing business and trading can only happen with other countries outside the UAE.

Pros of Offshore Business

Registering an offshore company in Dubai or other emirates has the following advantages for entrepreneurs:

• the absence of fees and taxes almost completely and there is no collection of customs duties;
• ownership of the company’s capital in full, without dividing shares with a UAE citizen partner, as required when creating an onshore company;
• the opportunity to set up an offshore account for the company in the selected banking institution in the country;
• very loyal requirements for the number of shareholders, charter, capital, simplicity of the registration process;
• ease of financial reporting and no need for audits
• ensuring the confidentiality of all company data and non-disclosure to other countries, which is possible due to the absence of the UAE in the OECD list;
• currency transactions are not controlled by the state and repatriation of capital can be carried out without conditions and restrictions;
• The price of registration of such a company is lower than that of other companies in the Emirates.