Offshore company

The word offshore literally means a location that is situated outside the national boundaries of the place of one’s permanent residence. Offshore Company also often referred to as an International Business Company is a legal entity that is incorporated in a foreign country other than that of the company’s principal’s residence, i.e. shareholder, director, owner, partner etc.

An International Business Company or Offshore Company is a legal entity (usually a holding structure) without the ability to conduct any sort of substantial business activity within the country of incorporation. An offshore company is often incorporated to reap benefits usually not available in the country of residence. These include advantages such as tax savings, tax efficiency or optimization, asset protection from lawsuits, or merely to increase the opportunities for foreign business.

Among the numerous advantages an Offshore Company formation in UAE has to offer, it is incorporated mainly for international trading, protection of assets, tax planning, purchasing or holding real estate properties in the designated areas of UAE, acquisition of shares of other companies, trust funds etc. It is possible to open and maintain a bank account with an offshore company in the UAE, and the company may either choose to be governed by the UAE law or by that of the applicant’s country.

Offshore company benefits

• 1) 100 % Foreign Ownership
• 2) Tax Efficiency
• 3) 0% Personal or Corporate tax in the UAE
• 4) Cost-effective and easy incorporation process in the UAE
• 5) Reduce Operational Cost
• 6) No minimum share capital required
• 6) Conveniently transferable shares
• 6) Better access to International funding
• 6) Access to an optimized business-friendly legal system