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The benefits that you can take advantage of offshore company formation setup; whether you are seeking asset protection, confidentiality, privacy, tax savings (depending on your jurisdiction) or simply growing your business outside of the US or UK. There are a number of pitfalls to keep in mind and choosing the right jurisdiction to form companies, based on your specific needs, is a critical first step.
Setting up an offshore companies, or incorporating offshore means you must to select a country. Each jurisdiction has a little different value proposal for international clientele and the benefits differ. Some of the common benefits of offshore company incorporation:
- Anonymity
- Asset Protection
- Lawsuit Protection
- Taxation (varies depending on your jurisdiction)
- Simplicity
- Financial Privacy
Dubai is one of the emirate of the United Arab Emirates (UAE). The residents currently stands at 1.5 million however 82% of the population are expatriates. Dubai is the undisputed business hub of the Middle East.The Jebel Ali Free Trade Zone (JAFZA) is a Dubai based, state owned Economic Zone and is one of the largest, most service driven, client centric Free Zones in the world. Rules were passed in 2003 establishing the basis for Jebel Ali Free Zone Offshore Companies which function under the Jebel Ali Free Zone Authority (JAFZA). Such companies will get all the advantages of other international offshore companies but have the additional benefit of Dubai’s reputation for commercial transparency. It is worth noting however that the Dubai Offshore Company is not acceptable to carry out business within the UAE or the Free Trade Zones.
Discover the benefits of setting up an offshore company in Dubai, UAE:
Bank Account Opening:
You can open a Bank Accounts in a number of international banks located in UAE however a personal visit is required and the process may take a number of weeks to complete.