28/06/2014
DUBAI OFFSHORE COMPANY - FROM 8995 AED
UAE Offshore Companies are used for a variety of business purpose ranging from setting up business entities to owning overseas financial and real estate assets, inheritance planning, setting up holding companies and special purpose vehicles, ship registration and tax optimization.
Thanks to the EU Savings Directive of 2003 and recent US-EU initiatives to wipe out tax havens, the U.A.E became the better place to incorporate offshore companies for various reasons and purposes. UAE looks set to reap the rewards of a recent EU and US ruling under which banks are now forced to reveal information to tax authorities.
The United Arab Emirates enjoys a reputation as a secure, tax-free jurisdiction for international banking and company incorporation.
The uniqueness of the UAE as opposed to other financial and offshore centers lies in the following
· 100% foreign ownership
· Banking Secrecy Guaranteed by Law
· No Public Registry
· 100% exempt from all corporate and income taxes.
· There are no foreign currency restrictions.
· Repatriation of profits and capital is allowed.
· The setting-up costs are less that of an onshore company.
· No onshore office and accordingly no employees related costs.
· No share capital is required to set-up an offshore company.
· The offshore company can act as a Holding.