With its ambitious growth strategies, Dubai has emanated as a global business city. It offers different innumerable opportunities and possibilities for investors and entrepreneurs. The business environment of Dubai is perfect for emerging businesses to grow and prosper as it offers bay of opportunities for everyone having business acumen in them.
With so many options to offer, Offshore Company Formation in Dubai is an excellent way for investors who want a tax free, duty free and a place offering the highest level of privacy and protection of business assets. Leveraging the scope and benefits of incorporating an offshore company in Dubai, many companies and investors have set up their offshore businesses in Dubai.
WHAT IS AN OFFSHORE COMPANY?
Without going into the definition of an offshore company, it is difficult to discuss its advantages and benefits. Offshore in business language refers to managing, registering and operating a business in a foreign country. Offshore company structure functions just like any another company with the difference in the tax structure, security and level of confidentiality. However, the definition of offshore company formation varies from jurisdiction to jurisdiction.
Offshore company formation in Dubai, similar to other offshore locations in the world, is a legal business structure that allows a non-resident company to trade internationally. Offshore company formation in Dubai is an excellent option for the companies who demand the highest level of confidentiality, asset protection and tax optimisation. Dubai is an ideal place for setting up an international business company, another name for an offshore company, due to the myriads of opportunities and advantages.
BENEFITS OF OFFSHORE COMPANY FORMATION IN DUBAI
Like any other offshore company jurisdiction, Dubai offers all the similar advantages. However, some of the benefits are unique to Dubai. There are numerous reasons why so many companies and entrepreneurs incorporate their offshore company in Dubai, the following are the main
One of the top benefits of offshore company formation in Dubai is its zero tax business policies. To encourage investors from around the world, United Arab Emirates allows 100% tax exemption (no personal tax no corporate tax). It has signed various agreements with countries for Double Tax Avoidance in order to improve tax obligation through offshore company formation in Dubai, UAE.
HIGHEST LEVEL OF ASSET PROTECTION AND ASSET HOLDING
The best-known benefit of offshore company formation is its highest level of privacy and asset protection. In fact, offshore jurisdictions in UAE like Dubai are renowned for their asset protection laws. By utilising scope of offshore company in Dubai, foreign companies and individuals can shield their assets and wealth from future risks and unsecured sectors. It is an excellent way of protecting assets from restrictions in the country of residence. Many companies and corporate units convene assets as part of their business operations. The offshore company set up is a great way of holding assets and their security.
Another benefit of incorporating offshore company formation in Dubai is confidentiality. Most departments in the offshore jurisdiction do not disclose information about shareholders, partners, directors and beneficiaries. Thus, owners can carry out any relevant legitimate operations and transactions under the offshore company while remaining anonymous.
EASE OF REGISTRATION
The process of registration of an offshore company in Dubai is very straightforward and may take only 2 to 3 days. The fee for registration is also minimal as compared to other offshore jurisdictions in the world.
Other benefits of incorporating offshore company in Dubai are
- Trade financing.
- Succession planning
- Trading in high-risk instruments
- Ship and aircraft registration
- Highest level of Security
- No local sponsor is required that is 100% ownership
- 100% repatriation of profits and investments
- Multi- currency bank accounts
- No custom duty fee
- Liberal bank account opening and maintaining
- No office required
If you are looking for starting your offshore company in Dubai and want to know more about this business structure, get in touch with us.