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Company Formation in Dubai – Offshore Or Onshore System?

Company formation in Dubai is very easy. Dubai is an Islamic emirate and city in the United Arab Emirates renowned for ultramodern architecture, luxury shopping and a dynamic nightlife scene. Burj-Al-Arab, an eight-storey tower, dominates the skyline. At its height sits Dubai Fountain, with brilliant lights and jets choreographed to hip music.

Just offshore, on artificial islands just off the coast of Abu Dhabi is Atlantis, the palm-fringed resort with water sports and marine-life parks. This is one of the fastest growing tourist destinations in the world. Another of the emirates with an impressive skyline, Burj-Al-Arab boasts the world’s tallest and most distinctive building, the Freezone Tower. Just north of Dubai lies the small, yet beautiful island of Seychelles, the perfect getaway in a picturesque corner of the Indian Ocean.

Company formation in Dubai is easy to process through the economic development authorities. Company formation in Dubai does not require any kind of special permits. A company must be registered in Dubai before it can start doing business in the city.

After Company registration in Dubai, its shareholders will have to decide on the number of directors they would like to have. A company has to have at least two directors if it wants to conduct business in the free zones. Otherwise it cannot operate. Companies need to pay a fixed annual fee as registration fee. Companies may also choose to use the Dubai stock exchange for their share trades.

Offshore Company Formation in Dubai

Companies can establish an offshore company in Dubai either on your own or through an agent. If you want to establish an offshore company on your own, you have to meet the legal requirements yourself. An agent will take care of the rest of the legal formalities. When establishing an offshore company in Dubai, you have to remember that the registered office has to be in the same country as the company.

If you want to establish an offshore company in Dubai, you should look for companies that offer capital and membership services. These companies may charge a slightly higher share capital. If you have unlimited resources, unlimited liabilities and unlimited number of investors, then you can obtain a cheaper share capital. If you are just starting out and have a limited liability, then share capital will not be a problem for you.

Before company registration in Dubai, it is important that you go through the emirate’s corporate laws very carefully. You also need to check if your proposed business can be allowed in the emirate. You can do all these things online. Many websites offer free financial tips and legal counsel on company registration in Dubai. Most of these websites also offer good services to international investors.

Company formation in Dubai is an attractive option for many investors. Dubai is considered as one of the fastest growing economic centers in the world. This has attracted many people from all over the world towards this city. Many companies have already established their businesses in Dubai. So you don’t have to wait too long for your own company registration in Dubai.

However, there are certain laws that you need to follow regarding your company registration in Dubai. If you have any overseas company, then you need to comply with the corporate laws of that country. Moreover, the emirate follows a system of taxation that is based on the country’s revenue. The limited liability company requirements of that law are different from those of other countries.

Company Formation In Dubai

There are two types of Company formation in Dubai: personal and limited liability. For personal company formation in Dubai, you are not required to provide a copy of any of your personal documents during the registration process. Only the personal details of the person who is going to be the beneficial owner of the business is required to be submitted. For limited liability companies, there are certain simple documents that are required to be submitted during the incorporation process.

Many of the investors in Dubai are buying and selling different forms of share throughout the year. Many foreign nationals have started buying shares in companies that are established in Dubai. That is one of the reasons for the rise of the company formation in Dubai.

In order to benefit from the incentives that are offered by the government of Dubai for corporate registration in Dubai, you should ensure that you register your company in the onshore or offshore company system of that emirate. If you look at the different rates that are offered by the two systems, you will find that there are substantial differences. You may end up losing money if you do not select the right system. So, you should take your time and get all the information about the company formation in Dubai that is required for you.

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