When you are going to setup businesses in Dubai then you have to make sure that you fulfill all the requirements asked by the local government. You have to get attached to a local firm which will help you in getting all the details about starting a firm and getting offshore company registration in Dubai. The company which you hire for your assistance will be accountable of many things. They have to provide the facility of starting your company without the income tax payments and they will also provide you the facility of getting a bank account of your own through which you can start transactions for your business. This account will be totally legal and also they provide another facility of opening an account in any of the country in the world.
It is advisable to open this account in the country where you want to start your business in future or where you have most of the clients. If you open in the country with your most clients then it will not only facilitates you but also your clients. You both will have to pay fewer amounts the name of account maintenance and it will help you save from many unwanted charges. It will also increase your clients in that country as they will find it easier to do business with you.
When you start your company as an offshore company in Dubai then you will get many benefits and one of the main benefit is that you will get the relief from disclosing your annual financial statements to the general public as all the other companies should have to disclose this and the have to go through the annual auditing procedure where auditors from outside of the business will be appointed to do the audit of the business. But offshore companies will get the relaxation form this procedure.
Another thing is that in normal companies they have to disclose the names of their directors and the directors must be the national citizens of that country. But when you are operating an offshore company then you will not be liable to disclose the names of your directors and it is not compulsory for all the directors that they have to be the citizens of Dubai.
