Expand your business offshore in the UAE
For years now, UAE has become the hub of growing businesses. With the emergence of Offshore Companies in the year 2003, business setup in UAE has increased drastically. An offshore company has emerged as the ideal option for both setting up and expansion of a business.
If you are looking forward to company formation in Dubai free zone, you are in the right place.
What is an offshore company?
An offshore company is also known as the non-resident company. It can be owned either by individuals or corporate bodies. Typically, it is a business entity which does not carry business operations in the country of origin. Although an offshore company cannot own office in UAE, it is primarily used for reducing tax payment, legally, and enhancing one’s wealth.
What activities can be carried out?
Following are the activities that can be legally carried out by an offshore company:
- Consulting services
- Advisory services
- General trading activities
- Buying, holding and selling shares of companies
- Commission agents
- Owning property
- Ship management
- Investments and joint investments
- International and professional services
Offshore companies have gained the limelight in UAE due to the various benefits it offers to the companies. Therefore, a few reasons for company formation in RAK are:
Minimum taxation: The primary benefit that a businessman enjoys with company formation in Dubai free zone is the minimization of tax. The business structures are structured in a way that it leads to a reduction in the overall tax liability.
Anonymity: Another striking feature of the offshore company is the ability to keep the name of the underlying principle anonymous. It is possible to leave out the name from the documentation, by setting up an offshore company.
Multiple investors: Under very few circumstances, multiple investors are allowed to own property. In the UAE, 1-50 shareholders can have ownership of the company’s property.
Economic stability: The market of offshore locations if favorable and provides economic stability to the business. It provides adept banking system, advanced telecommunication infrastructure, and flexible legislative framework, along with a smooth set-up process.
International trade: With business set up in UAE a company can also indulge in international trade, along with investment operations.
Property transfer: Transfer of property is relatively easy for offshore companies in the UAE. Although whenever a property is sold, the authority will charge a certain percentage of the value. However, the owner can avoid it, only in case the company itself is sold.
Bank account: To facilitate smooth operations, many local and international banks provide the facility of bank accounts for offshore corporates.
The lucrative tax benefits and ease of setting up business, the offshore regions of UAE have become the hot spots. Many small, as well as established businesses, are making the most of the potential offered by the United Arab Emirates. If you wish to tap the opportunities and reap profits, now it the right time for company formation in RAK.
We are the leading company formation expert in the UAE.
ReplyDeleteWith over 8 years of experience and expertise, we have registered more than 500+ companies and are counting.SDB Business setup are the poineers of business setup services in the UAE, we help businesses in licensing ,visas,office setup and in other professional needs.
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ReplyDeleteWe are the leading company formation expert in the UAE.
With over 8 years of experience and expertise, we have registered more than 500+ companies and are counting.SDB Business setup are the poineers of business setup services in the UAE, we help businesses in licensing ,visas,office setup and in other professional needs.
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If you are a foreign enterprise looking to start operations in the UAE, you can set up the company as a “Mainland company”, a “Free-zone company” or an offshore company.
ReplyDeleteA MAINLAND COMPANY is allowed to run its business and trade freely both inside and outside the UAE without any restriction.
Other advantages of being a mainland company in Dubai is that you can conduct a wide range of business activities and can choose an office premises anywhere in Dubai.
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