Advantages Of Setting Up An Offshore Company In UAE
UAE encourages the establishment of new companies. Setting up an offshore company is the best option when you want to keep your assets under low tax and confidential. Despite of taxation and confidentiality, UAE offshore has many more advantages.
Advantages Of Setting Up An Offshore Company In UAE
Tax minimization
The foremost and main reason for setting up an offshore company is that registering an offshore company can legally minimize the tax obligations of a business. The Non-resident companies are often tax exempt or enjoy low levels of taxation depending upon the country.
Confidentiality
The non-resident companies are not required to publish financial information or the details of directors and shareholders. Most offshore financial jurisdictions will not reveal any of this information to any third party unless criminal or terrorist activities are suspected. Thus it increase the confidentiality of the company. For added confidentiality, you can choose someone else as your nominee shareholder and have this nominee give you a power of attorney.
Reduced administration
The directors or officers of an offshore company have less legal obligations. The requirement for physical office can be overcome with cost-effective virtual office services.
Banking provisions
The offshore companies can open bank accounts in UAE to create a safe and seamless window for the financial transfers to and from all over the world.
Lower set up and maintenance costs
The procedures for setting up an offshore company can be relatively fast and simple. Both the establishment and maintenance of an offshore company have lower costs when compared.
Also Read: Bank Account For Offshore Requirements
Lower capital requirement
Setting up an offshore company requires less capital.
Asset protection
For those with international business interests, an offshore company can be valuable as a vehicle for holding assets such as intellectual property or real estate investments.
You can choose from 3 offshore company formation jurisdiction options:
Offshore company formation Dubai Offshore company formation Ras Al Khaimah Offshore company formation Ajman