BUSINESS SETUP IN OFFSHORE
Why Offshore Company?
Offshore company is a term used to define any business or investment made outside the country of residence, this type of formation is mostly preferred by businessmen who wants to have a business registered in a tax-free state but they manage the business from anywhere in the world.
Every business looks for cost-effective methods of doing international trading and assets protection under the umbrella of an entity which secures the interests of the shareholder and at the same time obey the international trading standards.
An offshore company setup in Dubai is considered the right choice for every entrepreneur who want to protect his assets and funds raised out of international invoicing/trading.
Running an offshore company also helps brokers, consultants, etc., to invoice their international clients for their brokerage, consulting Or professional services, through a corporate structure based in any out of the offshore jurisdictions across the globe. The funds raised out of invoicing can be received in the offshore bank account located in a tax-friendly jurisdiction.
UAE’s strategic location, developed infrastructure, import-export policies and good shipping connections, has emerged UAE as a trading hub for business in the region.
QBR Global Business Setup Services provides end-to-end corporate business solutions and offshore company registration in Dubai & UAE.
Benefits Of Offshore
Run your Businees From Anywhere In The World
No Accounting or Auditing Requirements
Bank Account In UAE
No Office Needed
Flexible Business Laws & Lawsuit Protection
100% Foreign Ownership
UAE is a Tax Free Business Territory
All you Need To Set Up offshore Company in the UAE?
First and foremost, it is essential to define the term Offshore. Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits.
An offshore company has a variety of uses and benefits for clients wishing to engage in international financial trade and investment activities. Depending on the specific offshore jurisdiction, an offshore company may have the following features and advantages: Ease of Incorporation, Minimal Fees, No Foreign Exchange Controls, High Confidentiality, Tax Benefits.
Offshore Company has total exemption/low tax. In most jurisdictions/countries, no filing of accounts or submitting of annual returns is required after the offshore company has been incorporated. You can set up your offshore company in many jurisdictions, in many regions around the world, with no restriction based on your nationality, Many banks all over the world allow you to open a bank account for your offshore company and then do business internationally. The laws of almost all jurisdictions/countries we offer protect the confidentiality of the shareholders, directors and offshore company.
- We provide tailor-made advice to our clients, fully integrating the latest laws.
- We are one of the most competitive offshore providers.
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Jurisdictions not only have some aspects of tax benefits, they are also good places to attract investors because of factors such as stable politics, good reputation and sophisticated corporate law.
Each offshore country has its separate benefits that can meet customers’ strategic demands. OCC’s customer service team are trained to support clients to find out the applicable tax havens for their business.
We carefully list the service countries on our website, from the lower-fee countries to higher ones. Although there is some difference in fees, all of the jurisdictions guarantee their confidentiality and integrity to investors. For good offshore countries with high-ranking currencies, clients will be introduced to Hong Kong and Singapore, which are well placed to attract businessmen due to their significant economical and tax benefits.
An offshore company may be of interest to a great number of people, and it may be used for various activities.
Creating an offshore company allows you to begin an activity without having to deal with setting up a complicated infrastructure. An offshore company allows you to quickly create a stable structure with a simple administration and enjoy all the benefits of the offshore jurisdiction.
Commerce over the internet (e-commerce)
Internet traders can use an offshore company to maintain a domain name and to manage internet sites. An offshore company might be ideal for people whose business is on the internet. You might choose to incorporate the registered office of your company in an offshore jurisdiction to take advantage of the various benefits offered by these jurisdictions.
You can also carry on your consultancy or counselling business through an offshore company. You will find it easier to manage your company, while being registered in a stable jurisdiction and benefiting from all the strengths of that jurisdiction.
International commerce can be carried out through an offshore company. It will handle purchases and sales operations. One IBC can also obtain a VAT number for companies that we register in Cyprus or in the United Kingdom.
Holding intellectual property rights
Any kind of intellectual property right (a patent or trademark) may be registered in the name of an offshore company. The company may also buy or sell this type of right. It may also grant rights of use to third parties in return for payments.
For the custody of movable and immovable property
Offshore companies are used to hold both movable property (such as yachts) and immovable property (such as houses and buildings). In addition to confidentiality, the benefits and advantages they offer include exemption from certain types of taxes (e.g. inheritance tax). It should be noted, however, that some countries do not allow the acquisition of movable/immovable property through offshore structures and therefore those wishing to form an offshore structure are advised to check with a competent authority before proceeding.
For inheritance purposes
An offshore firm that always stays afloat (provided all costs associated with running it are paid) may, in some countries, be used as a means of avoiding inheritance-tax laws. With a view to minimising inheritance-tax liability, the offshore structure may also be combined with a trust or a foundation.
Offshore companies are very often used for share dealing or foreign-exchange transactions. The main reasons being the anonymous nature of the transaction (the account can be opened under a company name).
You are free to make international money transfers under your Offshore Company. We wish to make you aware that you ought to liaise with a tax advisor in your country of residence before setting up an offshore company.
No. Most of the jurisdictions we work with do not impose taxes on profits made or interest earned by the company. Some, like Hong Kong or Delaware, only tax profits made within the jurisdiction, whereas Cyprus charges a 10% flat tax. While a company may not be subject to tax reporting to its local authorities, from a personal standpoint it mustn’t relieve you from seeking counsel from a tax advisor in your country of residence in order to assess the extent of your own obligations, if any.