Another popular option that most of investors choose is the offshore company formation in Dubai. Let’s dive into this and try to understand what an Offshore company is:

Offshore company in UAE is a very flexible corporate entity. This allows the company to be integrated into numerous business arrangements. Proper use of an offshore company can achieve tax reduction and increased confidentiality.

The three principal jurisdictions offering Offshore Companies in the UAE are Ras Al Khaimah (RAK), Jebel Ali Free Zone (JAFZA), and Ajman Offshore. All of them are “tax-free” jurisdictions that impose no income tax or corporate tax and permit 100% foreign ownership. The United Arab Emirates has established Double Tax Treaty agreements with more than 40 nations.

Benefits of an Offshore Company:

• 100% foreign ownership
• Provide a gateway for international market expansion
• Gateway to a stable and business-friendly legal system
• Access to a more adaptable regulatory authority
• Offer tax impartiality on international revenues in respect of (depending on the jurisdiction) personal or company income, capital gains, and inheritance taxes
• Provide better access to global funding