Offshore Setup
Offshore Setup
Establishing an offshore company in Dubai, UAE, presents a lucrative opportunity for entrepreneurs and investors worldwide, with benefits including 100% asset ownership, tax exemptions, and investor-friendly laws. Since its rise in 2003, the UAE has become a hub for offshore company formation, offering a gateway to international trade and business expansion. Eirmon provide expert guidance in navigating the incorporation process, ensuring compliance with international laws and quick setup, often within a day or two. Choose Eirmon for efficient and hassle-free offshore company setup services in the UAE, tailored to your business objectives.
- Complete tax exemption: Offshore company jurisdictions do not impose personal, corporate, or income taxes.
- Elimination of import and export duties.
- 100% foreign ownership benefits within Offshore companies.
- Full repatriation privileges for profits and capital for investors.
- Absence of a mandatory physical office, resulting in cost savings related to setup requirements.
- Business anonymity and confidentiality concerning financial matters.
- Streamlined international transactions without complications.
- Lack of currency regulations within Offshore jurisdictions.
- Expanded opportunities for business growth and development.
- Flexibility in shareholder requirements, allowing for a single shareholder in offshore company formation.
- No mandatory minimum capital requirement for business setup.
- Address proof
- Documents from the bank indicating details and a bank reference letter
- Copies of passports of owner and shareholders
- Copy of the passport of the designated manager
- Notarized Memorandum of Association (MOA)
- Business plan
- Curriculum Vitae indicating the owner’s professional data
- The offshore company can appoint a non-UAE resident as a director, but the designated manager must be a UAE resident.
- Offshore companies are restricted from engaging in banking, insurance, and real estate business sectors.
- Physical office setup is not permissible for Offshore companies in the UAE.
- There is no requirement for an annual governmental audit.
- Obtaining a UAE resident visa is not allowed for the offshore company.
- Offshore companies are not authorized to conduct business in Dubai Mainland.
- An Offshore company has the authority to hold shares in other companies as well.
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