Offshore companies in the UAE

At the moment, the question of how to open an offshore company is becoming more and more relevant. Faced with different approaches to levying taxes, entrepreneurs are looking for ways to make their lives easier and find them. Companies in offshore jurisdictions allow you to optimize tax payments and ensure the safety of assets. Learn more about ajman offshore company formation at yourtaxadvice.com.

One of the most loyal in matters of taxes and comfortable for business states is the United Arab Emirates. The UAE is known for its economic stability, is not listed in international blacklists, and has entered into double taxation agreements with 60 states. 

The government of the United Arab Emirates contributes to the inflow of investments, therefore the best conditions for registering a company. The authorities have allocated free economic zones, which have all the advantages for creating offshore companies. Initially, these were territories that had the advantages of free trade on the international market, but economic and political factors stimulated the fiscal side of the issue to be streamlined.

The Ras Al Khaimah Free Trade Zone is one of the most dynamically developing and profitable economic territories. In this region, a law was passed that duplicates the regime model of the British Virgin Islands.

The other Emirate of Dubai has over 20 free zones. This jurisdiction is one of the most expensive in the world. Perhaps this is due to the fact that registered firms are allowed to register real estate in some areas of the city. Offshore zone Dubai has set a zero income tax rate.

Benefits of registering a company in the United Arab Emirates:

  • Business can be 100% owned by foreign owners

  • Minimum reporting requirements

  • The possibility of attracting foreign capital without loss during the conversion of funds

  • No restrictions on the transfer of capital and profits

  • Variety of international services - from financial services to large transport companies

  • Fast registration times.

The level of privacy in the UAE is high. The information in the registers is not subject to public access.

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