Offshore Company Registration In The UAE
The United Arab Emirates, an economically sound country, is a global hub of commerce and one of the renowned jurisdictions in the world for incorporating offshore companies. Starting a business in the UAE can lead to high profits and global customer reach as the country offers a business-friendly environment. Offshore companies are essential tools for majority of multi-national companies, plus they serve as key elements to a whole corporate structure. It comes with a number of advantages which include stable economy, high safety measures, confidentiality and business anonymity.
Reasons to consider UAE for your offshore business formation
- Only one owner or shareholder is required for the registration. His/her citizenship and place of residence do not have any limitations
- 100% free taxation and zero audit requirements are the biggest benefits that company get with offshore company formation. It offers transparency for entrepreneurs to gain complete returns and engage in business activity. This tax management attracts stakeholders to invest more within the country, thus resulting in a better economy and a host of commercial benefits
- An offshore company can open a corporate account, which is largely flexible. The bank accounts can support multiple currencies
- In Dubai offshore company formation comes with asset protection jurisdictions. There is an advantage of a solid and reliable platform compared to domestic business structures. Through asset protection to foreign trustees, it allows to create a bridge between the assets secured and the creditors
- Lawsuit protection saves possessions involved and protect the resources in event of legal pursuit. A company is given assurance that it is incorporated through an offshore authority in the UAE
- An offshore company respects privacy and the business can be carried out in complete anonymity. Moreover, it is not necessary for an offshore company to hold public record of shareholders
- Those who chose to setup in Off Shore Locations are usually practicing in Investments, Trading, International services, Holding company, shipping, property ownership, ship management and etc.
- Companies operating in off shore are not able to conduct business within the United Arab Emirates, but only internationally
- Offshore companies can help in holding assets within the UAE, like shares in companies, property within the UAE , and also assets outside the UAE (if the country accepts a UAE offshore structure)
- Offshore companies can help in structuring your business & assets if planned properly
This blog is written by Ms. Heena Arora, Partner Relation Executive at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you have any question regarding offshore company registration in Dubai or anywhere across the UAE then please contact us at +971 4 4542366 or email us at info[at]flyingcolour[dot]com.
