UAE Offshore
Dubai always welcomes enthusiastic businessmen!
Generally, there are two types of a company called offshore and on-shore. Based on the type of entity and kind of license applying will decide on the procedures of company formation. We are one of the leading business set up companies in Dubai to assist in offshore company formation as well on-shore.
Offshore company formation
An offshore company is a type of establishment that can operate outside of its registered jurisdiction and final ownership position. An offshore company is not imposed by any limitations or demands on owners/shareholders of the company and no need to pays 0% corporate tax as they are not actively operating within the UAE.
Benefits of offshore company
- Provides a gateway for expanding the international market.
- Access to a reliable business-friendly legal system;
- Access to a more flexible regulatory system
- Concerning individual or company income, capital gains, and inheritance taxes to international income, On the other hand, we offer tax neutrality.
- Provides better access for global financing.
- Provides a means to separate and protect assets such as intellectual property rights from the operator.
Ras Al Khaimah and Jebel Ali Free Zone are the two major jurisdictions offering offshore company setup in UAE. A “tax-exempt” jurisdiction that allows 100% ownership of foreigners without imposing both income or corporate taxes.
Offshore companies can open accounts in multiple currencies in the UAE and do business internationally. However, you cannot do business with someone who resides in the UAE or have a physical location within the UAE. Under the Local Companies Act, RAK International Companies and JAFZA Offshore Companies must always specify an authorized registered agent.
