An offshore company refers to the one based outside the domestic boundaries, where the principal investors reside. The company can be located outside its national boundaries because of many reasons like to gain new customer market, to avoid tax regulations or to expand its horizon. Almost all top companies have their eyes set on the prime locations of the UAE to set up their offshore company. The advantage of setting up an offshore company is that the owner does not have to divulge any detail about the assets. All assets are owned in the name of the company. Secondly, there is a 100 % tax exemption on income tax, which helps in saving the cost. Thirdly, it is easy to incorporate and the confidentiality of shareholders is well-maintained.
Most of the companies, which usually set up an offshore company, are into the following types of activities:
• General Trading
• Holding Company
Offshore Company IBC (International Business Company) can be incorporated only through Registered Agent of the Offshore jurisdiction. Hence the Offshore company address will be the same address of their Registered Agent, since the Offshore company cannot maintain separate Office. Offshore companies can do international trading easily and banks in the UAE support it. The most important thing to be kept in mind is to identify and appoint a credible & trustworthy Registered Agent for the Offshore company.
The Business consultants who act as registered Agent help the companies in the following ways:
* Total assistance in incorporation of Company, complying with all legal documentation
• Assistance in the opening of bank account in the UAE.
• Registered office address in Dubai.
• Full assistance in ownership of real estate property in Dubai.
• Assistance for right jurisdiction for the company.
• Full support and guidance to the companies on minimizing liabilities and increasing assets.
Looking at the uses, there are many Business Consultants that offer offshore company registration in Dubai and provide them at very cost-effective prices. The services offered are rendered in a fully professional manner and all the details, regarding the company, are thoroughly studies. The service providers undertake all the formalities related to the offshore company registration in the UAE regarding the submission of forms, application, and all other important documents. The owner of the company is spared from all the registration formalities and can concentrate on the more important tasks of the business. The consultants have a team of experienced professionals, which renders the services in a time-bound manner.
Thus, it can be concluded that the offshore company registration services have emerged as an intelligent method to protect the assets.