Why Setup an UAE Offshore Company
UAE offers your business, all the advantages of a highly developed economy. The infrastructure and services match the highest international standards, facilitating efficiency, quality and service for business setup in UAE. As most other companies an offshore company may enter into contracts, open bank accounts, purchase and sell various products and services, own property. A typical offshore entity, also known as an International business company (or an offshore IBC) does not pay taxes in its home jurisdiction.
Every Modern Business is looking for a cost-effective method of doing international trading and assets protection under the shield of a corporate body which secures the interests of the shareholder and also obey the international trading standards.
Offshore Company is the right choice for every entrepreneur who wishes to protect their physical assets and funds raised from international invoicing / trading.
Given UAE’s strategic location, a mid-point between the East & West, excellent infrastructure, liberal import / export policies and good shipping connections, UAE has emerged as a trading hub for the businesses in the region. You uplift your international business by operating from UAE Offshore Company.
Why have an Offshore Company in UAE
- Protect your Assets
- Free from all Taxes
- Complete Privacy & Anonymity
- Low operational Costs
- Legal Protection
- Easy access to Bank Account
- Invoicing Internationally
Following can be the uses of an offshore entity:
- International Trading
A trading company can be established itself in an offshore area. The offshore company would take orders directly from the customer, but have the goods delivered directly to that customer from the manufacturer or place of purchase. The profits arising out of the difference between purchase price and sales price would then be accumulated in Offshore Company’s bank account.
- Professional Services
You can also carry on your consultancy or counseling business by using an offshore company. You will find it easier to manage your company and will have reduced or even zero taxation depending on the jurisdiction in question.
- Property Owning Companie
There are a number of good reasons why use of offshore companies has become so popular when buying property in Dubai. The most obvious reason would be the avoidance of complicated inheritance procedures.
A company does not die. If your property is held in a low-cost offshore company, you (and your partner or partners) can own the shares of it as you see fit. So rather than have your individual names on the title of the property, you have a company name. In case of any uncertainty/unforeseen, all of your property and bank account will be frozen until a sharia court order is issued by the local courts.
As a UAE property investor, we do recommend to buy the property OR investing in any Company under the name of an off-shore company. so if in case your family will not be suffering. When the owner sells the property; a certain percentage of its value may charge by the authority. The transfer fee can be easily avoided by selling the Company itself.
- Investment Companies
People who want to invest their money in different projects and they don’t want to disclose to someone, can incorporate an offshore entity and then this offshore can invest as a corporate investor in different project. An offshore company can hold the shares of other companies in UAE or abroad.
Copyrights, Trademarks and Patents
Any kind of intellectual property right (a copyright or trade mark) may be registered in the name of an offshore company. The company may also buy or sell this type of rights.
- Holding Companies
Offshore companies can be used as a holding company where people can manage their all business under one holding structure.