Expand Your Business Operations with Offshore Company Setup UAE

by Mimo Legall Mimo Legal Consulting Service

The world is changing, and so are the businesses. Small business is growing to bigger ones and going globally to reach the global markets. It is a mark of success for an organization to have offshore operations. Due to its geographical location, infrastructure, and market potential, Dubai is one of the favorite destinations among the companies to start an overseas business. Dubai offers its investors a region of law and peace which is very vital for the growth of any business. A company cannot nurture itself in the unstable area as it can prove to be damaging for the organization regarding its property and to the life of the employees.

It is not easy to have an offshore company in a country where the cultural and working condition differs from the state of origin. Moreover, various restrictions which the organization has to face like getting the NOC from the concerned departments, completing the paperwork, and other formalities before the setup of the company and for the smooth operation of the business. However, with the services of offshore company setup UAE, the organization can set up its offshore company in Dubai by giving the firm all the responsibilities regarding the completion of all paperwork and painstaking.

An offshore company is a legal business entity that is set up with the vision of operating outside its registered jurisdiction. There are many advantages of utilizing an offshore corporate structure as it provides the company a gateway for international market expansion, access to a business-friendly legal system, a more flexible regulatory regime, and tax saving.

Offshore Company

Dubai is all set to welcome investors from the world and liberalizing its laws by making various policies for the benefit of foreign companies. The two principal jurisdictions that offer offshore companies in UAE are Ras Al Khaimah (RAK) and the Jebel Ali Free Zone (JAFZA). Both RAK and JAFZA have their own specific benefits to attract investors from around the world. An offshore company set up in UAE will help your company to take advantage of these free zones.

The very first benefit which an offshore company will get is the 100% foreign ownership with the help of which the company can make its decision with freedom taking the profit of the company into consideration. Other benefits include no tax; the firm will not have to pay any income tax or corporate tax to the tax department of the country. Moreover, UAE has double tax agreements with over 40 other countries.

Opening an account is easy in UAE as the govt. allows offshore companies to open multi-currency accounts in the UAE for the smooth day to day transactions and to carry out business globally. JAFZA offshore company is the only offshore company that is permitted to directly own local Dubai real estate but with required approvals from the concerned authorities. The offshore company would not be bound to disclose the names of its shareholders and directors to the public register. Apart from other benefits, the authorities do allow offshore companies to hold the shares in free zone as well as onshore (LLC) companies.

In a nutshell, UAE offshore company set offers foreign investors a gateway to make enormous profits for themselves.