Offshore Company
Introduction
Any legal entity established with the purpose of making profit, outside the country of residence is an offshore company. Such a company is often formed in a tax-free haven or an offshore financial centre and is also known as International Business Company (IBC) or Non-Resident Company (NRC). Being a Non-Resident Company means that shareholders do not get a visa, and there is no physical office for an offshore company in UAE. Furthermore, Dubai offshore companies are not issued an operating license, which means they cannot conduct manufacturing, trading or professional services in UAE. They are often incorporated for the purpose of managing offshore wealth, mutual funds, properties, hotels etc. They are only granted a certificate of incorporation.
Set an offshore company in uae and ease your business
Advantages to Setup a Company Offshore Company
As there is growing cross-border control and crackdown on tax evasion by many countries, UAE is now seen as one of the last-remaining destinations to evade stricter tax regimes and for protection of assets. Unlike other tax-free havens of the world, UAE offers a trustworthy and reliable structure to offshore companies, because it is an independent country with a glorious record for promoting a rich and flourishing culture for international trade, investment, and business.
Save time, money and effort by setting up an offshore company in UAE with AZAN Corporate Services. We are well known for our fastest, safest and legitimate services because of our close liaison with authorities as well as our international expertise which will help you in your offshore presence in the country.
- Zero or low taxes
- 100% foreign ownership with no involvement or sharing with a local UAE citizen
- Duty free environment
- Uninterrupted repatriation of profits and proceeds
- Highest standards of secrecy and privacy
- Making transactions with other businesses
- Virtual office facility, no physical space is required for the incorporation of an offshore company
- No audit is required for offshore company in Dubai
- Zero or low capital requirement and less maintenance and management costs
- Massive overheads savings
- Incorporation and registration can be done as quickly as within 3 days
- Can open corporate bank accounts and hold multiple currencies
- No restrictions in the number of directors. Even the shareholder himself is enough if he is capable to run all the business operations across the country.
- Advanced UAE infrastructure and supreme privileges