An Offshore Company UAE is the best way for an expatriate investor to ensure maximum ownership, business anonymity, asset protection, tax reliefs and several other benefits.
An Offshore Company UAE is a business entity incorporated by an expatriate entrepreneur in any offshore jurisdiction across the constituent emirates. An Offshore Company enjoy a multitude of favours that translate into ease of doing business, business growth and profitability. Let’s run through just a few factors that make Offshore Company setup Dubai a lucrative proposition.
100% ownership:
A Limited Liability Company (LLC) requires a local partner who owns the majority stakes while the foreign investor is reduced to 49% ownership. Conversely, an offshore company doesn’t have any such onerous restrictions to deal with. Here, the expatriate investor has 100% ownership and the need for roping in a local partner is eliminated outright. Not only the offshore company can carry out business activities but buy and own real estate as well.
Business Anonymity:
Offshore companies enjoy a higher level of business anonymity vis-à-vis any other business entity in the UAE. The legislations relieve the offshore company’s principals, directors and shareholders from holding a public record. Since all information regarding the ownership structure is deliberately kept discrete, complete business confidentiality is guaranteed.
Asset Protection:
Offshore Company setup Dubai comes with complete asset protection guarantee. The laws hedge the foreign entrepreneur’s holding assets, including inventions, designs, symbols and other forms of intellectual property, along with securities, cars, real estate investments and other assets against litigation. It’s like a wall keeping creditors away from the owner’s assets. Even in an event of an unfavourable judgment, the possessions stay intact with the owner.
Tax relief:
A prime factor driving investors to the UAE for offshore company formations is the tax relief readily available here. The company is fully exempted from income tax, corporate tax, inherent tax, personal tax or import/export duty on finished products, raw materials or production equipment. The owners can thus expect the highest possible ROI and steady business growth. The Double Taxation Avoidance Agreement also comes into play, relieving the foreign investor from paying taxes twice – once in his/her native country and the other in the UAE.
Easy incorporation:
Offshore Company setup Dubai is as simple as it gets, thanks to the following factors:
- It’s the fastest way to set up a business, as the entire process is accomplishable within 3 to 7 business days provided the approach is right and documents are in order.
- Unlike other company structures where multiple shareholders/directors are required, offshore company setup is achievable with just a single shareholder/director.
- No need for the principals and shareholders to see the authorities in person. A registered agent can handle the entire procedure on their behalf.
- A physical office is not mandatory, as the company is entitled to exist in a virtual form.
- The MOA and other documents are in English and need attestation of a registrar only.
- The possibility of a nominal director, regardless of his/her nationality, is always there.
- The company is free to open a bank account supporting multiple currencies.
- The incorporation cost is lower vis-à-vis Freezone or mainland companies.
