Benefits of Jafza- Offshore Company Setup in Dubai

Dubai is a top offshore destination for doing business because it provides more advantages to investors. In addition, it is a popular choice for setting up an offshore company as it is easy to conduct business here with minimum restrictions imposed on non-residents.

JAFZA has its own set of rules and regulations and was created for the sole purpose of attracting foreign investment. It is very popular among investors doing business because of the multiple advantages it offers.

Reasons to Set Up Offshore Company in Dubai

When it comes to the investment part, one should be obvious regarding why to opt for it. A few of them are as follows:

1. Tax Benefits

As a foreign business in Dubai, you typically want to save tax as much as possible. Therefore, the UAE tax system can be characterized as straightforward and clear.

You can do this by checking out all the available tax benefits to ensure you get the maximum amount of tax relief applicable to your specific investment.

Here's a guide on  Taxation in UAE: 5 Things Expatriates Should Know that will give you a clear idea of the same.

2. Complete Ownership of Business

When it comes to sharing the ownership of a company, many times, it might create a sense of doubt. Well, this scenario gets completely exempted when it comes to incorporating an offshore business entity.

Using offshore services can also increase your track record and credibility as you have people abroad who have also vouched for your intentions.

3. Minimal Documentation

Just like your business, the documentation you create is essential. There are various aspects to offshore business setup.

It includes the company registration documents and other legal parts, including visas and employee hiring, among a few others.

4. Simplified Process

In today's world of the internet, setting up an offshore company has become much easier due to the rise in technology. One of the overlooked aspects during offshore registration is the electronic filing of certain business documents and compliance.

This needs to be handled carefully and in a particular manner to secure all key and sensitive information.

5. Offshore Banking Process

Offshore banking is one of the fastest-growing areas of finance. Many people choose offshore banking because it allows them to legally move assets between countries without disclosing the location of their assets.

The only issue with offshore banking is that you have limited access to your account, which may limit the number of transactions you can perform. To know more, read our blog about opening an offshore bank account.

6. Complete Asset Protection

Asset protection is a component of financial planning intended to protect your assets from bankruptcy.

It is a comprehensive guide to asset protection strategies, including real estate mortgage encumbrances, debt-protection plans, sound trusts, and limited family partnerships.

 

Offshore Business Setup Dubai

Offshore companies in JAFZA are non-resident companies that enjoy special status and are formed under the JAFZA Offshore Companies Regulations. Depending on the number of shareholders are involved and the nature of the business, there are three different types of businesses that can be set up:

  • A Single Shareholder Company
  • Multiple Shareholder Company
  • Subsidiary Company

For information, you should thoroughly research the incorporation cost for each type and the prerequisites for an offshore company.

JAFZA is a place blooming with opportunities for businesses, new and old, and it still requires adherence to laws of the land, and the cost of non-compliance is high.

Therefore, it’s best to work with experienced consultants like us who will help you every step along the way to get your business up and running in JAFZA in no time.

Do contact us today to get the assistance.

FAQs

What is the scenario of complete ownership on offshore company incorporation?

When it comes to sharing the ownership of a company, many times, it might create a sense of doubt. Well, this scenario gets completely exempted when it comes to incorporating an offshore business entity.

Why is setting up an offshore company a simplified process?

In today's world of the internet, setting up an offshore company has become much easier due to the rise in technology. One of the overlooked aspects during offshore registration is the electronic filing of certain business documents and compliance. 

Why do many people choose offshore banking?

Many people choose offshore banking because it allows them to legally move assets between countries without disclosing the location of their assets.

What is asset protection?

Asset protection is a component of financial planning intended to protect your assets from bankruptcy.

What are the three types of businesses that can be set up in JAFZA?

The three types are as follows:

  • A Single Shareholder Company
  • Multiple Shareholder Company
  • Subsidiary Company.