Starting an offshore company is the new and popular way to manage business that offers tax efficient and excellent strategies. In Dubai there are two offshore zones Jebel Ali Free Zone and Ras al Khaimah Free Zone.
The important benefits of opening an offshore company are operation freedom, easy and confidential running of business. UAE is one of the well known authorities in the world for integrating offshore company.
ADVANTAGES OF OFFSHORE COMPANIES
- Foreign ownership 100%
- No UAE national a shareholder or sponsor required
- No public register of company officers
- Complete privacy and anonymity
- Can own real estate properties
- Multi-currency bank accounts
- Exempted all corporate and income taxes
- No restrictions on foreign currency
- Full repatriation of the profits
- Low setting-up costs
- Minimum capital required
- Minimum one Director compulsory