Buying property on the name of an Offshore Company in the UAE
One of the advantages of the offshore companies in the United Arab Emirates is a possibility to ...
Interesting facts:
All legal relations between local and federal authorities are stipulated in the constitution of the UAE Full versionThe problem of excessive use of offshore havens was first brought up by the Russian government in 2011. Transfer of money abroad via shell companies and absence of information about the final beneficiaries were singled out as the biggest threats of using offshore companies to the economy of the Russian Federation.
The notion of "deoffshorization" appeared owing to the tax law experts. In 2013, they applied this term to a range of informational, legal and legislative measures aimed at eliminating or reducing the use of foreign legal schemes in unscrupulous and unlawful purposes. Such purposes include:
However, offshore companies can be also be used legally:
In the beginning of 2014, the first draft law on deoffshorization was published on the official website of the Ministry of Finance of the Russian Federation. It spells out new rules regarding tax residence of companies. Here are its key points:
Considering all the aforesaid, it becomes apparent that you had better register your business in full compliance with the applicable legislation if you want to gain profits without any difficulties.
According to experts, the deoffshorization law may lead to many negative consequences.
The introduction of the law will induce many companies apply more complex and stable solutions, for example, via opening a real office abroad with the purpose of managing foreign assets.
One of the advantages of the offshore companies in the United Arab Emirates is a possibility to ... Privacy is one of the main issues of concern for bank clients. Let us understand what is included ... Offshore zones are states or their designated territories where it is possible to legally open ...More articles from "Dubai & UAE business news":
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