6 Key Benefits of an Offshore Company in UAE

Whenever someone brings up the words “offshore company”, the minds of most of us race to the numerous Hollywood movies which has a notorious depiction of what an offshore company is and how the owner of one would be. However, the truth could not be farther from fiction. An offshore company is a legal entity which provides one of the best legal mechanisms to structure businesses and carry out international business transactions. Here are the 6 key benefits of setting up an offshore company in the UAE.

Asset protection

The most important and widely used benefit of an offshore company is to protect your hard-earned assets. The incorporation of an offshore company with the right corporate structure builds up a strong legal wall which secures your assets from unwanted lawsuits which one can normally encounter in traditional mainland jurisdictions with the increased visibility of the assets. If you are a high net worth individual, the chances of facing an unnecessary legal obstacle from any one of your adversaries can exponentially rise. With an offshore company, you would be able to make sure that the assets that you include in your offshore company are sufficiently protected from any such adversaries. The UAE provides one of the best offshore jurisdictions in the world to incorporate an offshore company for asset protection.

Privacy

Offshore companies in the UAE are not required to publish private details of the shareholders and directors in the public domain including their financial information. In some of the offshore jurisdictions in the UAE, there are no annual auditing requirements. There are no requirements to file the financial accounts as well. The relevant offshore registry does not divulge this information to any third-party law enforcement agency unless required by the common reporting standards or there are credible suspicions of criminal or terrorist activities as per the existing Anti-money laundering and combating the financing of terrorism laws in the UAE. This ensures that the privacy of an offshore company is well maintained.

Zero taxes

Zero corporate tax liabilities and no restriction on capital repatriation sounds like a dream for most entrepreneurs who are looking to incorporate an international business company. The UAE has double taxation treaties with a considerable number of countries as well. The companies incorporated in an offshore jurisdiction in the UAE do not need to pay any corporate taxes for their company and the shareholders keep 100% of the dividends from such an offshore company in the UAE.

Access to banking

Access to prominent banks in the UAE makes sure that you have access to the best banking infrastructure to support your business venture. To add on to this, you will have access to other premier international banks around the world. This makes sure that you get to reap the benefits of the best banking infrastructure of UAE and elsewhere. Depending upon the client profile, a bank account from a UAE bank can be opened within six (6) to eight (8) weeks.

Hassle-free and efficient administration

Depending on the offshore registry you choose, an offshore company in the UAE can be incorporated within a few working days. It needs to be noted that an offshore company does not require a physical office space. An office address of a registered agent is all that is required by anyone who is looking to incorporate an offshore company in the UAE. Furthermore, there are other lucrative factors which ensure that the administration of an offshore company in the is streamlined and efficient. These factors include no minimum share capital requirement and no requirement for attestation of corporate documents to be used in the UAE. Lastly, you will not be limited in terms of conducting the board meetings geographically as the board meetings of an offshore company in the UAE can be held anywhere in the world.

Low cost for set-up and maintenance

The low cost of initial set-up and further yearly maintenance is another key benefit of offshore companies in the UAE. The cost structure that the UAE offers to set up a company in its offshore jurisdictions is one of the lowest compared to other offshore jurisdictions in the world. This attracts a host of investors to this space and boosts the landscape of the entire business economy.

The UAE offers three (3) offshore jurisdictions, namely RAK ICC, JAFZA Offshore, and Ajman Offshore, to incorporate companies such as holding companies, joint venture companies, intellectual property holding companies, international business companies and SPVs.

InZone is a registered company formation agent with strategic tie-ups with leading banks in the UAE and elsewhere. We offer cost-effective and comprehensive packages to set up your offshore company in the UAE without any compromise in quality. Contact us now to start your offshore business venture in the UAE.

Let's Talk

Get a response within 4 business hours!

This field is required
This field is required
This field is required
This field is required

Recent Articles

How to Change the Registered Agent for a RAK Offshore Company?

As we know, the UAE holds an exemplary stature as an offshore jurisdiction, and one of the key reasons behind this is the remarkable ease of setting up companies and doing business here. As the UAE’s premier offshore jurisdiction, RAK ICC exhibits the same traits that have made the UAE such an incredible business destination....
Read More ›

Why Conduct User Research Before Launching a Product?

In today’s constantly evolving and fast-paced business environment, to stay a step ahead of the competition, you need this one thing the most – that is satisfying your consumers and attracting their interest. You cannot do that unless you have thoroughly understood them. Here comes the need for user research! User research is the compass...
Read More ›

3 Actionable Tips for Entrepreneurs to Boost Productivity

Unlocking your full potential as an entrepreneur requires more than just hard work. It asks for strategic productivity. As an entrepreneur, there are multiple tasks, decisions, and goals that you have to handle in a limited time. And being unproductive is not something that an entrepreneur can afford in any situation. In this blog, we’ll...
Read More ›

5 Simple Tips to Cultivate an Entrepreneurial Mindset

Being an entrepreneur doesn’t just mean having business acumen and knowledge but it has a lot to do with your mindset, values, thoughts, and habits. Entrepreneurship is more than a destination; it is a process that only people with willpower and creative thinking can endure and reach peak success. So how can you get that...
Read More ›

The UAE’s Visit Visa Rules in 2024

The UAE has time and again emerged as a top travel destination over the years. Being the metropolis that it is, the UAE has always appealed to professionals, entrepreneurs, investors, and tourists alike. As of today, the UAE is home to over 200 nationalities and continues to welcome people from across the globe. Similar to...
Read More ›

How to Redomicile Your Offshore Company to the UAE?

Over the years, re-domiciliation of companies has become a widely adopted concept in the UAE, particularly with regard to offshore businesses. Re-domiciliation or transfer of domicile means the transfer of a company’s registered address from one jurisdiction to another. As the global laws for tax transparency and anti-money laundering have become increasingly stringent, numerous offshore...
Read More ›

How To Obtain ISO Certification in Dubai?

In Dubai’s increasingly competitive market, it is crucial to stand out amongst competition through the quality of services or products that you offer. It has become necessary to attain the set benchmarks for the efficiency of your processes and the quality of your offerings. But, reaching those standards and more importantly, showcasing your commitment to...
Read More ›

How to Obtain a Business Loan in the UAE?

It is quite common for business owners to find themselves in need of a business loan in the UAE. As running a business requires strong financing upfront, it becomes necessary to secure a constant flow of funds, and a loan gives you just that. Whether you are looking to expand your business, launch a new...
Read More ›

The UAE’s Golden Visa Requirements for 2024

Though the trend of settling abroad is not new, it has gained momentum in recent years as more and more individuals look to secure foreign residencies. Some move overseas in the quest for career opportunities, others seek quality education, while a section of these individuals simply desire a better quality of life. Among the abundant...
Read More ›
We Accept

We accept the following credit cards. Our website is secured with SSL 256 Bit Encryption.

We accept credit cards
Why Choose InZone
  • We provide 30 day money back satisfaction guarantee to all our clients.
  • We provide 100% confidentiality to all our clients.
  • We provide a dedicated account manager.
  • We provide bank account opening assistance through our well-established banking relationships.
Refer & ReceiveRefer and Earn
Contact Us