The document discusses offshore company formation in Dubai. It outlines how Dubai offers a tax-free environment that has attracted many investors. One company, HLB HAMT, provides offshore company formation services in Dubai and has experienced staff. The document then discusses the process of offshore company formation in Dubai, including choosing a name, submitting documents, writing memorandums, and opening a bank account. Offshore companies in Dubai offer tax benefits, full foreign ownership, confidentiality, and lower costs. The Jebel Ali Free Zone is a preferred area for offshore companies due to its opportunities and conveniences.

1. OFFSHORE COMPANY
FORMATION IN DUBAI
https://hlbhamt.com/

2. Dubai has a long history of being a safe, tax-free haven that has encouraged a wide
range of industries, both small and large scale. Over the years, investors in Dubai
have been increasingly interested in tax savings, and many have decided to invest in
an offshore jurisdiction in order to take advantage of offshore company formation in
Dubai.
HLB HAMT has a devoted and highly qualified staff to provide services to our clients
in all of their demands, with a comprehensive grasp of the emirate and years of
experience. We are one of the experienced company formation service providers
dealing with all areas of offshore company formation in Dubai.

3. OFFSHORE COMPANY FORMATION UAE
The United Arab Emirates has opened its doors to the corporate world in an effort for
offshore company formation in UAE for individuals all over the world. The UAE
government has not made any concessions in terms of facilities and services, or any other
facility for that matter. Investors have been attracted to the country for a variety of
reasons, including the following:
 Policies that are beneficial to business
 Access to international finance
 Sound legal framework
 Infrastructure and interconnectivity at the highest level

4. OFFSHORE COMPANY SETUP DUBAI
An offshore company is a corporate entity founded in a reduced or no-tax location with
the purpose of lawfully limiting tax payments and enhancing the investor’s asset
management, and it runs beyond its home nation. A single shareholder can own an
offshore business in Dubai, as well as shares in other firms. It doesn’t have to be an
actual thing, but it does have to be listed in Dubai.

5. THE STAGES INVOLVED IN AN OFFSHORE
COMPANY SETUP IN UAE
An offshore corporation enables the ease of providing a digital office in Dubai, offering
an excellent alternative for international expansion. A variety of steps must be
followed in order to start an offshore company formation in UAE. The process of
offshore business setup in Dubai is easy and straightforward.
 Choose a company name – Once you’ve decided on your business’s activity, it’s
important to give it a name. Before naming a company in the UAE, there are a few
things to think about. You must follow a series of naming conventions that are both
rigid and simple.

6.  Fill out an application for a business license – Following the selection of a company
name, applicants must complete an application form and submit a collection of
supporting documents, which include the shareholders’ and directors’ addresses and
identity proof, a well-written business strategy, passport copies of the shareholders
and directors, and the shareholders’ CV.
 Documents to be submitted – After gathering the required documents, they must be
given to the right authorities, who will analyse them and provide the necessary
licenses.

7.  The Memorandum and Articles of Association are presented – After that, you must
write the Memorandum of Association (MOA) and Articles of Association (AOA) in
English. The authorities inspect the documentation when it has been completed; if
accepted, you can begin your business.
 Get a Bank Account – The last step is to open an offshore bank account, which
enables business owners to execute transactions more easily.

8. THE ADVANTAGES OF OFFSHORE
COMPANY FORMATION IN DUBAI
Several tax advantages
An offshore company setup in Dubai is completely tax-free, and you’ll be able to
keep 100% of the profits. The tax breaks have drawn significant investment to
the region, which has boosted the economy. This is advantageous to offshore
enterprises doing business in the area.
Foreign ownership is 100 percent
Another significant benefit is that the UAE permits foreign entrepreneurs to
keep 100 percent ownership of their company. You can also operate in complete
financial secrecy.

9. Confidentiality
Establishing an offshore business in the UAE makes sense if you wish to operate
with greater anonymity. The names of the directors and shareholders are not
publicly known. (However, these must be reported to the Company Registry.)
Your investments are safeguarded
The United Arab Emirates provides asset protection (the exact nature of this
differs, depending on which state you establish your company in).

10. Operational costs are lower
There are fewer regulatory requirements for reporting, so you won’t need to rent
office space or pay people to be compliant. In some cases, you may even be able to
work from a virtual office, which will save you a lot of money.
A solid legal foundation
Court cases have the ability to bankrupt a company. Thankfully, if the worst
happens, you’ll be protected by forming an offshore UAE company. Your personal
assets will not be seized, and your other assets will be guarded as well.

11. Multi-currency bank accounts
Offshore companies are able to open multi-currency bank accounts, which facilitate
international business transactions while also assuring money security.

12. DOCUMENTS REQUIRED FOR OFFSHORE
COMPANY FORMATION IN UAE
 Submit your application in the required format
 Proof of address
 Bank documents confirming the information, as well as a bank reference letter
 Copies of the owner’s and shareholders’ passports
 A copy of the designee manager’s passport
 Memorandum of Association Notarized (MOA)
 A business model
 A curriculum vitae (CV) containing the owner’s professional information.

13. JAFZA OFFSHORE COMPANY
In Dubai, JAFZA Offshore is the only offshore jurisdiction. The Jebel Ali Free Zone
(JAFZA) is an outstanding and preferred area to build your company because of the
various opportunities and conveniences it offers, such as tax exemption and 100 per cent
foreign ownership. JAFZA offshore is a global industrial and business hub that ensures
total privacy and transparency.
For offshore company formation in JAFZA, all you need to do is fill out an application and
supply the following documents (listed below):
 Copies of all shareholders’ passports
 Owners’ curriculum vitae

14.  Proof of address
 If necessary, a bank reference letter or a bank statement from the previous six
months is required.
 3 corporate names that you’d want to see
 Choosing a business activity

15. FEATURES OF A JAFZA OFFSHORE
COMPANY
 Shareholders
Corporate shareholders are permitted, and a minimum of one shareholder is
necessary. All corporation paperwork must be authenticated for international
corporate shareholders.
 Director
There must be at least one director, and director information is not published on the
public registry.

16.  Secretary
A secretary is required in any business. A corporate director might also serve as the
secretary of the firm.
 Capitalization of Shares
There is no requirement for a minimum share capital;
 Reporting Annually
Every business is required to keep accounting records and employ an authorised auditor.

17. THE ADVANTAGES OF FORMING AN
OFFSHORE CORPORATION IN JAFZA
 100% Foreign Ownership – The JAFZA Offshore Companies Regulations do not require
local shareholding.
 Local Real Estate Ownership – The JAFZA Offshore Company is allowed to own real
estate in Dubai.
 Offshore Companies are permitted to own shares in both Free Zone and Onshore (LLC)
companies, according to the government.
 An offshore company can maintain multi-currency bank accounts in the UAE in order to
conduct normal international transactions.
 Shareholder/Director information – Shareholder and director names are not required to
be listed on a public registry.

18. CONTACT US
HLB HAMT
Level 18, City Tower-2,
Sheikh Zayed Road
PO Box 32665
Dubai – United Arab Emirates.
Tel: +971 4 327 7775
E-mail: dubai@hlbhamt.com