information & services guide
Dubai has always been a great place to reside and work for the
foreign nationals. This is the reason why people from all parts of
the world are flocking in Dubai and they all are looking forward
to good investment plans and excellent benefits. The trends in
last few years have shown that people from Canada, northern Europe
and America have invested lump sum amount in Dubai. There are
quite a few reasons behind that. The government policies in Dubai
often support and assist the offshore companies who have either
invested or planning to do so. There are quite a number of rules
and facilities that make the offshore investment easy and this
increases the initiative of the companies.
Legal rights of the offshore companies
The most important legal intricacy of setting up an offshore
company is obviously licensing rules. There are three types of
licenses available in Dubai. First one is a commercial license
that covers all sorts of trading activities an offshore investor
company can perform. The second one is professional license which
aids the servicemen, artisans and other professionally skilled
individuals. The third one is the industrial license which is
required while setting up an industry or manufacturing unit in
Dubai. Some of the offshore investment activities will also
require the permissions from the ministerial level. The offshore
companies planning to start financial or banking services should
seek permission from the Central Bank of the UAE. Similarly the
medical equipments or drugs manufacturing and marketing companies
need permissions from Ministry of Health. But this is pretty
evident that the government of Dubai is a very much investor
friendly one.
Facilities for the Dubai offshore companies
There is a long list of special facilities that are designed for
the offshore companies in Dubai. They simply do not need to pay
any taxes for the capital as well as for personal income. The
corporate tax is not there in Dubai. You are free to repatriate
the entire amount of money you invested at any point of time. You
will never suffer from any sort of currency restriction. Often the
offshore investors get exemption on the import duties. This aids
in generating larger profit. If you are looking forward to set up
a manufacturing unit or production house, energy supply and
communication facility is going to be the priority for you. These
are all quite cheap and easy available in Dubai. You can recruit
stuffs for the company and there is no complexity in it. Shipment
charges and cost of the estates are pretty competitive here.
Moreover the best part is that you can choose sea or air as
communication mode.
Market opportunities for the offshore companies
There are numerous opportunities in the Dubai market. The overall
marketplace has proven to be a flourishing one as the import
business has doubled from the year 1989. The market is about to
prosper day by day because this is considered to be the richest
region of the world. With the largest stock of oil Dubai will
gradually become the ultimate business hub of the world in near
future. If the offshore suppliers can identify their target
customers and their requirements, they can surely make huge
profits from the import business. On top of that, the Dubai
marketplace is probably the most easily accessible one. As this is
an open market and the conveyance is facilitated by about 89
airline service providers and 170 shipping agencies, the scopes
are multiplied several folds.
In short an offshore company has a bright future in Dubai and
the credibility for this fact lies in the success of companies
that have already invested. Find professional agents to register your new
Dubai Offshore Company.