Exploring the Basic Features of an Offshore Company in Dubai

Setting up an Offshore Company in Dubai leverages your company by adding an international presence and it also helps you in maximizing tax optimization. Most of the businessmen prefer to form an Offshore Company in Dubai considering it to be a great investment option. One of the most important rules that you have to keep in mind while you plan to form an Offshore Company in the city of Dubai is that an individual or a corporate entity cannot form a company here. Only a registered agent is authorized to do so.

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If you are interested to get an idea about some of the basic features of a Dubai Offshore Company then you can go through the list given below:

  • The Dubai Offshore Company is an LLC.
  • If you set up an Offshore Company in Dubai then the profit that you make is completely tax free.
  • The bearer cannot have a share in these sorts of companies.
  • This Company can be formed only by a registered agent who either operates within the free trade zone of Dubai or functions in Dubai.
  • If you form an Offshore Company in Dubai then you cannot have multi classes of shares. You can just have one class of share.
  • The Dubai Offshore companies need to have at least two directors, one manager, one share holder and one secretary.
  • The accounts of this particular Company also need to be audited once a year.
  • If you set up an Offshore Company in Dubai then you will have the permission to carry out trading all across the globe.
  • The shareholders and the directors of the Offshore Company can organize meetings in UAE.
  • You can open a bank account of the Offshore Company in Dubai
  • These Companies can have contacts with accountants, lawyers, auditors and legal consultants.

If you take the help of an Offshore Consultancy Service providing Company in Dubai then you will be able to form this type of a Company here without any hassles. There are a lot of important details that you have to keep in mind when you form an Offshore Company here and taking the help of a consultant will be quite useful