.png)
Before starting the process of creating a company in Dubai, it is advisable to work with a specialized agency to ensure that all documentation and legal form are carried out correctly. This will avoid potential legal inconveniences. Depending on the type of company and your needs, there are different legal and legal structures for establishing yourself in Dubai.
At Gestoria Ibérica, we have helped more than 60 clients in the processing of residences and the creation of companies, ensuring an efficient and uncomplicated process.
Other types of companies that can be established in Dubai
-Mainland
Membership Requirements
Before starting, it's important to note that to be a member of a company in Dubai, you must be at least 21 years old. In addition, it is essential to choose the legal structure that best suits the needs of your company to ensure success and legal compliance in the country.
An offshore company is distinguished by being a company registered in the United Arab Emirates for tax purposes, but whose business activities are carried out outside the country. This type of entity has no economic substance in the UAE, which means that it cannot have offices or employees within the territory, since its operations are carried out abroad.
The most common areas for creating offshore companies in the Arab Emirates are:
- Jebel Ali Free Trade Zone (JAFZA)
- Ras al Khaimah (RAK)
In Dubai, the most common sectors that adopt this type of structure are:
- Real estate companies
- Intellectual Property Companies
- Shipping companies
- Distribution and logistics companies
- Trading companies
Offshore companies can carry out multiple business activities under the same license, including consulting, holding and trading.
One of the main reasons why companies choose to set up an offshore company is the tax exemption on profits generated outside the UAE, which represents significant savings in terms of taxes. However, it is important to note that activities related to oil and foreign banks are indeed subject to taxation in the United Arab Emirates.
Another significant advantage is that offshore companies benefit from the non-double taxation treaties that the UAE has signed with more than 116 countries, which facilitate tax optimization in international transactions.
One of the most outstanding advantages of offshore companies is the possibility of maintaining 100% foreign ownership. Both directors and shareholders do not need to be residents of the United Arab Emirates (UAE). In addition, the identities of directors and shareholders remain in complete confidentiality, without being exposed in public records or digital platforms.
- The company can be incorporated with a minimum of one shareholder and a maximum of 50.
- A minimum of two directors and a secretary are required.
- General meetings do not need to be held in Dubai.
Another advantage of offshore companies in the UAE is the ease of opening corporate bank accounts.
One of the disadvantages of offshore companies is that, since they do not have a physical office, employees or suppliers in the UAE, they do not allow obtaining work or residence permits in the United Arab Emirates.
Before we finish, if you want to learn more about how to open a company in Dubai, we invite you to check out our blog:Open company in Dubai
It's essential to carefully evaluate which option is best for your business, as each legal structure offers different advantages and benefits. If you have questions or need personalized advice, do not hesitate to contact us; we are here to help you make the most appropriate decision.
In Gestoría Ibérico, we can open your company in Dubai in just 5 to 7 days. If you are interested in exploring other legal structures or need more information, schedule a meeting with us by clicking the button below.
