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TMS will offer the best advice to our clients to ensure the client is aware of all legal requirements for the international offshore business.
UAE has only three authorities that allow offshore licences and they are JAFZA, RAK and Ajman which offer endless possibilities for international entrepreneurs and investors. None of these authorities allow companies to run the business within the UAE, which means they cannot have any business transaction with the mainland and free zone companies.
0% corporate and personal tax, 100% foreign ownership, no restrictions on the directors/shareholders residency or citizenship.
An offshore company is a business organization that operates from outside the country of its official registration or the location of its owners and stakeholders. The purpose of offshore company formation is a reduction in taxes and maximization of profits. Offshore establishments have been well-supported by the government in the 2 jurisdictions in terms of liquidity, taxation, and ownership laws. The simple reason for encouraging offshore business activities are that they help towards the economic growth and also earns good amount of investments from these companies. Most businessmen prefer going offshore based on the tax holiday concept to manage and run their business successfully. The additional benefits are freedom, secrecy, and easy methods of running the business.
Dubai has emerged as a place where maximum businessmen prefer to set up their offshore business as there are no taxes levied on offshore companies. The government of Dubai has also simplified the methods and procedures for setting up such offshore businesses. Being an independent country is an added benefit for having an offshore business setup in Dubai. It also has an agreement of avoiding double taxation with major foreign countries. These two factors ensure that life is much simpler for such offshore companies and also gives businesses the needed environment and opportunity to grow and earn more profits out of their offshore venture.
JAFZA is an extremely popular jurisdiction with companies for offshore company registration in Dubai/ UAE. It is one of the largest and fastest-growing free zones.
RAK International Corporate Centre is a modern, world-class company registry operating in full compliance with international standards and best practices in the international business company formation domain.
Ajman Offshore Zone (AFZ) established in 1988, has a lot of entrepreneurs carrying out Offshore Business Formation in UAE as they prefer to develop their infrastructure in Ajman. The strategic geographical location of AFZ is one of its key advantages due to its close proximity to the international airport.
All these are completely tax-free jurisdictions with no income tax or corporate tax implications and permit 100% foreign ownership.
Offshore companies may act as brokers – as sales agents, distribution companies, and import-export firms. In most cases, the company would purchase directly from the manufacturer or wholesaler and arrange for the goods to be delivered directly to the end user. Our business experts help you set up your offshore company in the UAE with their great experience, expertise, and dedication. Our consultants are very clever in all offshore licensing procedures and formalities. We compile and submit all the necessary documents. Our services cover the entire company formation process. We help our clients protect their assets and limit their liabilities. An importer can use an offshore procurement company to source goods abroad, and a producer can use an offshore sales company to distribute the goods. Profits on the difference between the purchase and sale price may be accumulated tax-free. Profits can be re-invested in further development of the business without incurring taxes. The companies that get registered in Dubai earn maximum profits because Dubai is known as a popular destination for its richer resources and visionary guidelines and encouragement by the government authorities. We don’t just help you from the initial stages of Offshore Company Formation in Dubai, but also guide you post business set up on how to take it forward and provide you with everything you need. An offshore company set up in Dubai can be used for international trading as well as asset protection; tax planning, acquiring real estate properties in the freehold area of Dubai; holding, becoming partners as well as acquiring shares of the other companies and trust funds etc.