5 Reasons to Use an Offshore Company for Business - IBG Consulting Dubai

5 Reasons to Use an Offshore Company for Business

April 16, 2019by admin

Business setup in Dubai has different paths to travel, Offshore, Onshore and that divides into Free zone, and Main land companies. With the entire economy marching upwards, steadily, relying on all the solutions, facilitations, and support provided by the UAE government and the DED, many ambitious entrepreneurs and entrepreneurs have a golden chance to achieve maximum profit and enjoy the advantage of minimal setup expenses. That kind of companies have become the x-factor in the hassle free success equation for uprising fiscal operations, medium or large sized businesses. With multiple advantages 5 of them stand out creating the perfect combination that attracts the wise, the smart and the ambitious.

The 5 reasons to pursue an Offshore company for setup or registration in Dubai, The United Arab Emirates, are:

  1. Legal Haven:

Many investors and entrepreneurs have major worries about this very type of commercial entities setup for its legal standing. In the UAE it is 100% safe. Moreover, those entities enjoy privileges such as lawsuit protection, which means that the entity has the ability to protect its possessions if it is faces a legal judgmental court incident. Registering under the sophistication of law in the UAE guarantees that this very entity incorporation is ethical and righteous meaning that the resources and all the other possessions of the company are immune. Moreover, asset protection advantage avails a solid and reliable base for the entrepreneur compared to other entities and business structures. This choice provides asset protection provisions to foreign legal depositary, granting them the choice to create a law authorized separation between the creditors’ assets and the company secured assets.

2. 100% Ownership

Since this type of setup has no trading operations or activities on the lands of the state, creditors, investors or entrepreneurs enjoy owning 100% of the shares registered, as there would be no need to pursue a sponsor or a local distributor or partner. This guarantees the complete ownership of it and of the assets, and whatever profit returns from its activities.

3. Fast and Flexible

Not only could the applicant register and setup an offshore fiscal formation in an impressively short time and get it going, but also the owners have the solution to allocate a representation in the

sense of a Registered agent to complete all the formalities and procedures of the setup process with absolutely no physical presence requirement of the investor.

4. Taxation

The Double Taxation Avoidance Agreement is a tax treaty among countries to benefits the investors and owners. The treaty states that the taxpayers and international residents can avoid paying tax in two countries, source country and the residence (for individuals or corporates) country. As UAE has signed and negotiated the DTAA with over 80 countries in the world, it has gained this choice of formation more taxation advantages. Also, the 100% tax-free advantage is one of the essential benefits of this kind of companies’ formation in UAE allowing investors to conduct various fiscal activities and gain complete returns.

5. Secrecy and Privacy

It benefits as well from business anonymity, when it comes to registration on UAE lands. Secrecy is one of the primary advantages of operating an offshore company in UAE.

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