Article image: 5 reasons to open an offshore company in the UAE

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Virtually 60% of the Emirates’ GDP derive from foreign capital investments income. Full version

Nowadays, more and more international entrepreneurs prefer to register offshore companies in the United Arab Emirates. This is due to the high attractiveness of the UAE in terms of doing business. Here are 5 main advantages of setting up an offshore company in the UAE:

1. Tax minimization

One of the main reasons why entrepreneurs from all over the world choose the UAE is favourable taxation купшьу. You are exempted from all the taxes, including income tax, withholding tax, capital gains tax, etc. There are also no export and import duties on goods.

2. Complete confidentiality

The UAE Government guarantees absolute confidentiality of information about the owner of an offshore company. This provides a significant advantage for those entrepreneurs who wish to protect business from aggressive competition and other risks.

Information on the UAE offshore companies, including data on the owners, is kept with restricted access and is not subject to disclosure. The United Arab Emirates has no obligations towards other countries and international organizations to provide this information.

3. Vast opportunities for international activities

Firstly, the United Arab Emirates has advantageous location for carrying on international trade. The UAE is located at about the same distance from the numerous largest business centres in Asia, Europe and Africa. It is convenient to organize the delivery of raw materials and products both by water and by air to anywhere in the world, as many international airports and seaports operate in the Emirates.

Secondly, the numerous office centres, industrial buildings, warehouses, transport interchanges and other infrastructure elements that are necessary for carrying on business are built in the UAE with the aim of attracting new investments.

Thirdly, the branch offices of the major international and local banks are also located in the UAE. Another important fact is that, when opening an account, all the transactions can be made in the national currency of your partners or in dollars / euros with no need to convert money to dirhams.

In addition, the representative offices of such world-known companies as Nokia, HP, Shell, Boeing, Proctor & Gamble, BBC World, Adidas, etc. are also located in the UAE.

Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:

4. Ease of registering and carrying on business

There is no bureaucracy or bribery in the United Arab Emirates. On the contrary, the Government strongly supports foreign businessmen. The process of setting up an offshore company in the UAE takes 3 to 5 days and the cost of registration is relatively low.

License availability is not necessary for offshore company for conducting commercial activities. The only requirement is the duly filled out registration documents. Besides, the availability of the cost-consuming local office is also not required.

It is also worth noting that the 100% repatriation of profits and capital is permitted, financial reporting is not required, and annual meetings can be conducted anywhere in the world.

5. Clean reputation

The United Arab Emirates is in the "white list" of offshores. Therefore, the companies, which are registered in the UAE, have no reasons to worry about their reputation. Such companies enjoy credibility among customers and partners as they operate in a developed and rich country.

Please contact us if you need assistance with opening an offshore company in the UAE. We will manage all the issues promptly and fully in compliance with the applicable regulations.

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