Despite the political strength of America and the stability of European countries, many investors, corporations, and businessmen are moving to the UAE market which offers many more advantages. Today, the United Arab Emirates is a beautiful exotic country with a wide range of business ideas. If you want to change your life and start your own business here, pay attention to offshore company formation in Dubai.
This type of business has become popular in the UAE thanks to the DMCC company regulations. In the country, there are more than 30 Free Zones aimed at foreign business. So, your company can get many more privileges than local ones.
UAE Offshore Companies Rules and Features
The United Arab Emirates is a unique country which economy has been improving every year. Here, every entrepreneur can earn a lot if he knows how the local market works. Foreign offshore companies always receive additional privileges:
- First of all, any percentage of shares (even 100%) may belong to a non-resident of the country. In this case, a sponsor is not required.
- Since the UAE is not a part of the OECD, its government does not exchange data with other countries. This means that information about your company and its shareholders is confidential.
- Local Free Zones are famous for their lack of mandatory taxes. Therefore, many investors and company executives want to take their places in one of these regions.
- Unlike other types of companies, offshore organizations have a reasonable registration price. This also applies to the price of banking services.
How to Register an Offshore Company?
In general, the registration process does not take much time. Nevertheless, an applicant needs to prepare a package of documents, register a company, obtain a visa, etc. Any mistake may return you to the initial stage, so you should contact specialists. They will tell you about all the nuances you may encounter on the way to financial success.