As an entrepreneur looking for international trade opportunities, youmay want to move your business setup offshore for several reasons. You may want to protect your assets,get additional tax benefits, enjoybetter work culture or allthe above. It is, however, very important that you choose the right country. Currently, Dubai is one of the hottest destinations for offshore company setup.Here’s why.
Offshore Companyin Dubai is Good for Business
Dubai has a stable political climate and the country boasts of an evolved work culture. Your offshore company in Dubai will not only provide the gateway to international expansion, but you will also be in a better position to access global funding. Depending on the jurisdiction, you may also be able to enjoy additional benefits such as local real estate ownership.
Hassle Free Set up and Ensured Privacy
It takes approximately one to four weeks to register your offshore company in Dubai.You do not need an entire army of people to set up your offshore company in Dubai. You are obligated to have just one director when you register. Your shareholders and directors can stay anonymous. Your jurisdiction will also not share information about the beneficiaries of the offshore company to the public. This higher level of confidentiality could ensure better business operations.
Dubai Offers Unparalleled Tax Benefits
The jurisdictions in Dubai do not levy any income tax or corporate tax on offshore entities. You are permitted to enjoy 100% foreign ownership if you move your business setup to Dubai. Not just that, you will also be able to open multi-currency accounts in the Emirates and carry out international trade. Very few countries can match up to that.
Reporting and Asset Protecting Benefits
A huge chunk of your time and money could go into reporting when operating from your home country. Offshore companies have comparatively relaxed norms. A small annual payment or simple declaration can get you out of the formal filing of financial records every year.Offshore companies also provide maximum protection to your intellectual property and real estate assets.
Cost Efficiency in Dubai Business Setup
Setting up your offshore company in Dubai is cost-effective and requires very little maintenance. Forget your administrative worries and focus on operating and expanding your business only. Just maintain a local register agent and pay an annual license fee to the jurisdiction your offshore company is in and you should be good.
So, what are you waiting for? Become the international entrepreneur that you dream of and give your business the much-needed boost. Register your offshore company in Dubai today.