Interesting facts:The most suitable and promising jurisdiction for opening an IT company is the Internet City in Dubai, UAE. Full version
How to optimize taxes and get more income - the answer to this question is important for almost every businessman. Let’s consider such a popular instrument for tax optimization as an offshore formations and jurisdictions. In this case, the corporate laws of particular jurisdictions, which involve tax incentives for offshore companies, serve as the basis and framework for optimization of taxation. Offshore companies, by definition, are not allowed to be engaged in economic and commercial activities on the territory of these jurisdictions. In particular, we will focus on the specialized economic areas in the UAE.
Among basics of the construction of offshore schemes in the UAE, the following dominant principles can be singled out:
If you've been wondering how to optimize taxes, an offshore company in the UAE will be the best solution. The offshore structure, in the practice, remains the most efficient and effective method for international tax planning.
To build a profitable and 100% legal offshore scheme you should execute several successive steps, in particular:
For tax optimization, it is recommended to use an offshore company as one of the parties of the transaction, but not as the main entity. A local company in the UAE, which has a good business reputation, can serve as the main company. An offshore company in the UAE, in its turn, can act as a holder of this company.
When building an offshore structure, it is much more efficient to use a set of onshore and offshore companies. Thus you will provide your assets with maximum protection and will minimize the risks, and tax optimization will become a real opportunity for increasing profits.
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