An offshore company in the UAE is the most beneficial way to start or expand your business. Since the emergence of offshore company formation in Dubai or in the UAE in 2003, the UAE has become an ideal hub for businesses and MNCs around the world. Offshore companies in the UAE are well recognized and duly supported by the UAE government; they not only receive tax and custom-free benefits but also other financial advantages. Due to this, the UAE has become one of the most dynamic countries for companies to set up their headquarters. Being one of the fastest growing in the world and proven to be one of the best spots to start a business, an offshore company formation in the UAE provides for all basic and advanced amenities for a business.
An offshore company can be owned by individuals or corporate bodies and is a business entity which does not carry out any substantial business activity in its country of origin. Also known as non-resident company, an offshore company cannot occupy an office space in the UAE.
Such a company is framed under the no-tax jurisdiction law with the sole purpose of enhancing one’s wealth management and reducing any kind of tax payment legally. There are several reasons for offshore company incorporation UAE, with the primary one being complete confidentiality over the financial matters and increase in wealth without interruption. Additionally, offshore companies have the provision of cutting down or eliminating different types of tax payments such as capital gains, death duty, value-added tax (VAT), profits on business earnings, property sales, etc.
An offshore company in Dubai, RAK offshore company or any other offshore company in the UAE has the following features:
Offshore company formation in the UAE lets you run business in a profitable way and you have 100% ownership your assets in the UAE. Other than this, you can get to avoid certain procedures in company formation and avail lucrative tax benefits.
There are other reasons as well to opt for an offshore company formation in the UAE:
Business can be structured so that profits are realized in ways that minimize their overall tax liability.
The name of the underlying principle may be kept out of documentation by carrying out operations in the name of an offshore company.
An offshore company would be a good pick for those who want to do international business along with other investments.
When the owner sells the property; a certain percentage of its value may be charged by the authority. This transfer fee can be easily avoided by selling the company itself.
Very few property developers around the world allow for more than a single property owner. In case of an offshore company in UAE, however, the number of shareholders can be 1-50, and the company owns the property.
Many of the international and local banks operating in UAE offer offshore corporate bank accounts.
There is the availability of advanced banking system, latest telecommunication facilities, flexible legislative framework and simple incorporation & filing requirements for offshore companies.
Entrepreneurs, start-ups or a big MNC opt for an offshore shore company as is gives them an easy access to another jurisdiction without unwarranted red tape and bureaucracy. An offshore company in the UAE attracts many new entrepreneurs due to minimum setup cost and other related expenses. Besides these, the other benefits of having an offshore company are:
Extensive domain experience and in-depth local expertise help us to understand the unique needs of our client’s business, and provide them a trouble-free and customer-friendly working environment. We act as the registered agent for our clients in the UAE and help them with:
We provide strategic business inputs, handle legal documentation formalities, and provide state-of-the-art amenities at cost-effective rates for your unhindered business growth in the UAE. Contact us for your offshore company setup requirements; our team will be glad to assist you.