Expanding a Business in Offshore
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When it comes to starting a business in the UAE, both the free zones and the mainland offer a fantastic environment with plenty of prospects for new businesses. If a person wanted to create a business linked to general trading in a free zone area, the best free zone in terms of cost would be Um Al-Quwain.Sharjah Media City (Shams) is also a leading media and digital hub with cutting-edge facil
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What is an Offshore Company?
The term “offshore” was termed in the 1980’s and is used to describe a jurisdiction or country that provides corporate and commercial services to non- resident companies.
They are usually small, with financial centres hugely disproportionate to the population, and the attraction for companies and investors is the climate of low tax coupled, in many cases with privacy.
Today the most popular offshore jurisdictions include:
- British Virgin Islands – the largest number of registrations
- Bermuda - probably best known for aircraft registration.
- Cayman Islands - which has the most assets under management in offshore funds,
- Jersey - popular with the banking, fund management and professional services sectors.
- The Bahamas has a considerable number of registered vessels.
- Panama is a famous international maritime centre.
Organisations that can assist with Entering the Market
Simplified Global Payroll Managing payroll in multiple countries is complicated with different systems, deadlines, and languages in each country, lack of reporting, and constantly changing laws and regulations. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, customized aggregated monthly reporting, and a hybrid service model in 150+ countries around the world.
Need to register a company or setting up a company?
Korporatio Inc. offers company incorporation in offshore jurisdictions. The values of the company are to make corporate governance hassle-free and fully paperless. Every offer is designed to ensure every business owner doesn’t have to worry about hidden fees and can run everything online.
TopSource Worldwide offers a complete range of employer services that allows you to employ and pay people promptly, consistently and compliantly — locally and internationally to suit your business needs. Our systems and processes are designed to work with your technology, and we bring decades of experience and a track record of success to our operations.