Taxation and registration of offshore business in Dubai

Doing business in Dubai, and indeed in the UAE, is very profitable for foreign entrepreneurs, because all conditions are created for this here. But it is most profitable to create offshore companies, because Dubai's offshore  companies have many advantages over other types of companies.Taxation of offshore companies

Such companies are registered in the free zones of the country.

Its owners do not receive a resident visa and do not become residents, due to which almost all taxes are removed from them and they do not pay them. A zero rate on payment is set for such taxes:for profit;

• withholding tax (royalties or dividends);
• on capital gains;
• when conducting trade with other countries and selling goods that are subject to taxation, the company also does not pay VAT.
•  

Offshore companies pay four percent tax when buying real estate in the United Arab Emirates. And every year the offshore registration must be renewed, which is almost two thousand dollars. At the same time, the company must have an agent who performs this procedure and who also needs to be paid.Offshore companies pay four percent tax when buying real estate in the United Arab Emirates.

And every year the offshore registration must be renewed, which is almost two thousand dollars. At the same time, the company must have an agent who performs this procedure and who also needs to be paid.Stages of creating an offshore company

Creating an offshore company is not a very easy process, so in this case you will need the help of a professional.

For example, Dynasty Business Adviser has been engaged in such activities for many years and has helped many offshore companies to appear in the Emirates. Specialists here can tell you in detail about the business in Dubai and do everything to open it. There are several stages of opening such a business:Choosing an agent to register a company - such an agent must have a valid official license to conduct registration and then renew it every year.

1. Such a company is Dynasty Business Adviser, which has been engaged in consulting for many years.The choice of a jurisdiction suitable for a particular area of activity of an offshore company.
2. There are three free zones, between which you can choose according to a number of factors.
3. The name of the company and the direction of activity that it will be engaged in. It is necessary to make a reserve for the name, because it should not be repeated with other firms.
4. According to the list of the authorized body of the free zone, collect all the necessary documents that will be needed during registration. Then it is necessary to make their translation, legalize them and notarize them.
5. Submitting an application for the registration process to the appropriate authority - in this case, the client pays the registration fee and submits all the collected documents.
6. Obtaining documents and a certificate of successful registration.
7. Then you can contact the bank with these documents to make an invoice.

Registration of all this takes at least a month of time, because it is quite difficult to certify documents in all authorities first of one country, and then the second. Well, waiting for a response lasts at least two weeks. But then the company gets a lot of advantages and saves a lot of money on taxes and other things.