26 10 2020

Advantages of an offshore company formation in the UAE

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In this article we will talk about the legal and financial advantages that you can take by opening an offshore company in the United Arab Emirates. Among the main advantages that should be noted:

- High level of confidentiality.

- Lack of corporate tax.

- Free choice of law.

- Bank account opening in the UAE.

- Possibility of LLC opening.

- Registration within 24 hours.

- One shareholder and director required.

- Availability of a virtual office in the UAE.

- A wide range of possible names for the company are available.

Let's take a closer look at the main advantages.

1 - Ease of registration;

Thanks to the well-coordinated work of our specialists, you will not have any difficulties in the offshore registration process. All stages of company registration can take from 1 to 14 days, there is a direct dependence of the term on the chosen offshore zone. Compared to an onshore company, the cost of registering an offshore company is much less.

2 - Choosing a company name;

You are given the freedom to choose a name for your company. It is impossible to duplicate the names already in the registry. Also, 100% ownership of the company is available for a foreign citizen.

3 - No corporate tax;

You will be exempt from income and corporate taxes by opening an offshore company in the United Arab Emirates.

4 - Conditions for trading internationally;

An offshore company has many advantages and a strong position in international trade.

5 - Data security and privacy;

Information about the ultimate owner cannot be found in the public domain, the owners of offshore companies have privacy.

6 - Virtual office in the United Arab Emirates and bank account;

For offshore companies there is an opportunity to open a virtual office in the UAE and an account in a local bank.

7 - Jurisdiction at the discretion of the owner;

An offshore company may not operate under local law, but under common English law.