Advantages:
- No minimum capital requirement.
- 100% foreign ownership permitted.
- Opening corporate bank account in a bank at Dubai .
- An offshore company has the capacity and privileges of a natural person.
- All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. There is no requirement to deposit the capital in bank.
- Easy procedures for transfer of shares.
- World class banking and investment management services available
Disadvantages:
- Company cannot rent local premises.
- Company cannot carry on the activities like banking, insurance, consultancy, advertising etc..
- There is no legal permission to carry out any business operations in UAE
- Under offshore business setup visas will not be processed.
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