Off-shore or On shore
It is an easy decision to make once you are in receipt of the full facts
These are the questions
Where are you doing businesses
What is your licence
What are the benefits and the disadvantages
The best thing to do is make a no obligation appointment to discuss your aims with one of our experts
Offshore
If you have no intention of setting up a physical premises in the UAE – and would much rather simply reap the benefits of 0% tax via an offshore bank account instead – you should consider this option.
More advantages include: low startup costs, speedy incorporation processes, 100% foreign ownership permitted and the option to open multiple bank accounts.
However, please note that this option does not provide UAE residency, nor does it allow you to trade within the UAE.
Jafza
Home to over 7500 companies from 135 different countries, Dubai’s Jebel Ali Free Zone Authority (JAFZA) makes up one of the world’s leading free zones for business and trade.
JAFZA boasts a significant reputation for global connectivity, low startup costs, no minimum capital share, low taxes, asset protection and a fast and simple incorporation process.
By choosing JAFZA as the region in which you’d like to set up your offshore company, you’ll also benefit from joining a dynamic business community, gain a prestigious Dubai address and reap the benefits of convenient and flexible bank account opening.
Next Steps
For individual shareholders and/or directors, all you’ll need is a high-res copy of your passport, a passport style photo, proof of address and three month’s worth of bank statements to kickstart your offshore journey.
And for corporate shareholders and directors? Just throw in a copy of your company documents, incumbency and good standing certificates and a brief run-through of your company’s structure.