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Offshore Company 

Description 

Setting up an offshore company takes advantage of minimal bureaucracy, tax efficiency, and confidentiality. This company type is ideal for business enterprises that are interested in international trading with low maintenance costs, while safeguarding assets and intellectual property. An offshore company provides a zero-tax environment which minimises tax burdens and improves wealth management. In Dubai, this guarantees anonymity as there is no public register of shareholders and directors and this company type is fast and easy to incorporate.

Legality and Regulations

A Dubai Offshore Company is not permitted to trade or rent local premises in the United Arab Emirates. Offshore companies must submit audited financial statements annually to the Dubai Government. However, there are numerous benefits to going offshore:

  • Access to top-rated debt history jurisdictions
  • Access to tax treaties
  • Security of property rights
  • Low fees and operational costs
  • Financial control and privacy
  • Availability of offshore experts
  • Customs and duty exemptions
  • Exchange convertibility
  • Government cooperation
  • Sanctity of contracts
  • Foreign investment inducements
  • Tested legal systems
  • Higher yields and returns 
  • Sophisticated banking facilities 
  • Legal and asset protection
  • Tax planning and optimization
  • Holding company
  • Financial diversification
  • Separation of personal wealth from corporate liability
  • Free remittance of profits and capital
  • Complete repatriation of capital and profits 
  • Total ownership