
Each Free Zone in UAE is designed
for a specific activity. Our business advisors have been setting up new
businesses in Dubai for years and know all the ins and outs. They will be happy
to give you the advice that you need and will most likely already have
experience in setting up your business type. It pays to rely on professionals
who will give you the proper sound advice that you can trust. Your company’s
legal framework is something that is important to get right.
For starters, Dubai is one of the
few places on Earth where starting a business is a tedious task. According to
the World Bank’s Survey, Dubai is ranked 33rd of the easiest places to do
business considering its low rankings, we can safely say that starting a
business in the city is going to be very hard, especially if it’s your first
time. The offshore possibility has basically been set up to cater for companies
who need to have a regional tax relief-invoicing-facility. There is no minimum
capital required and also no need to set up an actual office facility. The
off-shore regulations have been issued according to new international standards
and companies will have to register minimum one director per company, keep
financial records and issue an annual financial report audited by a
professional auditing company approved by the free zone. Each company must hold
annual general meetings and in short perform and act as a normal company.
The company regulations have been
made out in strict conformity with new anti-money laundering measurements. This
is mostly attributed to the government bureaucracy that places stringent
measures to qualify for a business standing in the city. If you’re aiming to
put one up in the city then here are some legal facts and terms you need to
acquaint yourself with before you get started.
Going offshore is the most modern
popular way of managing business as they offer excellent and tax-efficient
strategies for entrepreneurs. Important prima facie benefits are freedom of
operations, confidentiality and ease of running business. Offshore company formation Dubai
and Offshore company formation in UAE can only be done through a registered
agent. Offshore company formation in Dubai provides greater financial privacy
and security than local businesses. Offshore jurisdictions in UAE, provides
security at great extend and compete for international client by providing
privacy to ownership.
Offshore company formation in
Dubai is mostly used for invoicing international clients, maintaining Corporate
Bank account, anonymity and asset protection. Offshore company setup Dubai is
also used to put up holding structure to your corporate by holding shares in
another firm locally and internationally. The Offshore company setup in UAE
does not provide any visa nor require any office space. For more information
visit the site http://www.dubai-setup.com/
.
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