An offshore company is a business incorporated outside of one’s country of residence. The main reasons for doing so are

• Confidentiality
• Tax Savings
• Easier Company reporting requirements
• Privacy
• Avoid local investing restrictions
• Asset Protection
• Security against creditors

To set up an offshore company can take up to 7 days. An off shore company can be set up with one director and there would no restrictions on trading areas. Very often for an offshore company there would be no requirements to maintain records or books. The biggest advantage being in taxes where there would be no tax payable at all.

Offshore companies are similar to UK limited companies, like they are able to own properties, hold cash and shares and other items in their own right. This allows a person to his company to make the various purchases and be protected by the fact that no one can discover that the company is owned by that individual. Different offshore jurisdictions
provide different levels of privacy.

Another attraction for offshore companies is the zero or minimal tax rates applicable. The prospective of retaining
all of the income earned compared to other countries where the government would levy a tax on the income
has led to some businesses opening offshore branches and using them as trading vehicles. In additional to
corporation tax savings, offshore companies usually enjoy tax free capital gains and inheritance charges.

For more information or to set up an offshore company, please contact us by clicking here or if you prefer,
you can also call us at +971-4-4250412 and we will assist you on all your needs.