Opening LLC, bank accounts, and residence visas in UAE! Increase the profit of your business by 50%!
Currently, the easiest and most reasonable way to reduce the amount of paid taxes, to access the foreign market, and to protect against raider attacks is to have an offshore company in the UAE. Apart from tax optimization such offshore company also provides a number of other advantages: confidentiality related to business ownership, no currency exchange controls, possibility of opening bank account in the United Arab Emirates.
However, all persons intending to incorporate an offshore company in the United Arab Emirates face the dilemma: to purchase already registered offshore company or incorporate a new one? According to statistics, the second option is more convenient and cheaper, since the purchase of an offshore company may entail underlying potential problems.
First, registered offshore company is already incorporated under a particular name. If you do not like the name or it is not appropriate, it can be changed only upon purchase – furthermore, it will take a lot of time and efforts to change it after the purchase.
Second, having decided to purchase an offshore company, you may also become a "happy" owner of its financial liabilities. All debts and unpaid liabilities of previous owner will be imposed on you as additional burden and you will have to settle such liabilities at your own expense.
Third, upon purchase of already registered offshore company, you may become the owner of the company with reputational risks. And transactions performed by previous owner in violation of good faith principles, will be negative for the image of your company.
In addition, already registered company entails already appointed shareholders and directors, standard bylaws, certain authorized share capital. Therefore, if you need a company with special requirements to par value of shares, authorized capital and corporate structure, it is easier and faster to register a new offshore entity.
Establishment of an offshore safeguards you from all adverse consequences that may entail the purchase of a registered company. Accordingly, the procedure of registering a company in one of the free trade zones of the UAE will take less time than purchase of ready company. As a rule, it takes about 3-4 days to establish a new offshore company in the UAE. The list of statutory documents required therefore is minimum - a copy of a passport, a letter from the bank confirming the maintenance of the account, a copy of utility bill or other document confirming domicile of the owners of the company.
The undisputable advantage of establishing an offshore is also its reasonable price: it is cheaper to register a new offshore company in UAE than to purchase a registered one.
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