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Reasons to Setup off Shore Company in Dubai

Companies are formed for the single purpose of achieving goals and obtaining long-term profits. Offshore company incorporation has a lot to offer than simply financial gains. Dubai has emerged as a profitable business destination as it provides huge financial rewards.

There are several reasons due to which offshore companies in UAE are excellent corporate entities including:

  • You can retain 100% ownership in this type of corporation
  • Offshore companies are completely tax-free
  • This type of setup can leave a great image on your suppliers and clients
  • Directors and shareholders do not have to enroll in public register
  • Offshore company setup is the quickest type of company to incorporate

Main Characteristics of Incorporation an Offshore Company

  • To develop and expand the share in international market
  • Business-focused legal system of offshore company incorporation.
  • Regulatory regime is the most adaptable
  • Anti-avoidance taxes guidelines are applicable in countries where in fact the offshore company plans to proceed its operations
  • Tax neutral on capital gains or company income, inheritance taxes and international personnel.
  • Best usage of international funding.
  • Secure and segregate assets, (e.g. Trade Name of Intellectual Property), from functioning entities. Jebel Ali Free Zone (JAFZA), Ras Al Khaimah (RAK) Ajman Free Zone, RAKFTZ, and RAKIA are the jurisdictions offering an environment for offshore company incorporation.
  • Bank account after the offshore company setup can be opened in the UAE to operate locally as well as all over the world.
  • No maintenance of accounts information or bookkeeping is required (Aside from some local offshore companies which needed to maintain their books). Audited accounts are just necessary for RAK Offshore Company to be maintained for seven years and for ten years for JAFZA Offshore Company.
  • JAFZA Offshore Company is allowed legally to hold any property situated in Dubai not any other company has this privilege.
  • These corporations are not UAE Free Zone Companies.
  • Offshore corporation setup does not provide any type of residency to its employees, directors, and shareholders.
  • No advantage of UAE double tax conventions network
  • For offshore corporation formation, you need to appoint a registered agent.
  • Dubai offshore company can hold legal shares in Onshore LLC Companies and Free Zone corporations.
  • Shareholders and directors are not disclosed on any type of public register.
  • These corporations cannot lease an office space.

Types of Offshore Incorporation Company

RAK Offshore

Ras Al Khamiah offers a productive environment and located 100KM from Dubai. You can own real estate and conduct your international business with high profits through RAK Dubai UAE offshore company.

JAFZA Offshore

JAFZA has become one of the fastest growing areas of Dubai with its own set of flexible regulations for offshore company formation. It was created to attract foreign investment by offering offshore money havens.

Ajman Offshore

With fastest incorporation within 2 days, Ajman keeps the company’s privacy, confidentiality and security intact and offers a Zero Taxation System for Ajman offshore company setup.

Uses of An Off Shore Company

International Trading

This type of company can easily be established as an offshore corporation set up. The orders will be taken directly by the customers, and the goods will be delivered from the place of purchase or the manufacturer.

Professional Services

Offshore corporation formation also includes the various type of counseling businesses or consultancy firms. You will have reduced or almost zero taxation if you start your business as an offshore company in Dubai.

Property-Owning Companies

Offshore company setup can be utilized to avoid all the complicated procedures of inheritance. The company remains alive and you can hold a low-cost business and can own shares.

Investments Companies

If you want to invest your assets there is no better place than offshore money havens. You can invest your money in an offshore corporation in different projects which can further invest as a corporation in various other businesses.

Copyrights, Trademarks & Patents

Offshore companies in UAE can get intellectual property rights of all types and can also sell or buy these rights as they plan to.

Holding Companies

A person can use offshore corporation set up as a holding company through which business can be conducted under one structure.

Benefits of UAE Offshore Company

  • 100% foreign possession and ownership is permissible
  • No requirement for finding a shareholder or UAE national or sponsor
  • No register of company officers
  • Complete privacy and anonymity
  • Company can own properties in approved areas by the Authority
  • Holding bank accounts of multi-currency is allowed
  • The offshore company is exempted from all type of taxes including income and corporate
  • You will find no restrictions on foreign currency
  • Full repatriation of the capital and profits is permissible
  • The setting-up costs are relatively less
  • There is absolutely no onshore office and, there are no related costs of employees
  • Only minimum amount capital is necessary for offshore corporation set up.
  • The least 1 Shareholder or Director is required.

Clients Testimonials

They really helped us in Ajman offshore company setup. Working with them makes it easy to own a company.

A highly recommended firm to get consultancy for setting up an offshore company in Dubai.

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