Offshore companies are one among many registration methods
used today to open a business presence in a foreign country. Recently, Offshore company formation in UAE has gained popularity due to fiscally sound policies,
operational privacy, and powerful asset protection from the Govt. As a legal
entity, offshore companies help investors and businessmen relocate their
operations and internationalize their existing business. Over the last decade,
UAE has established itself as a key player in the global company set-up
industry and become an international business outpost for the region.
Unlike many Gulf states, UAE runs an oil-independent economy
powered by business and e-commerce sector. This has made its zones into fertile
grounds for offshore establishment from all across the world. For investors,
offshore companies are convenient tools to structure their business interests
overseas and enjoy all the benefits from an asset-protection and tax-free
standpoint.
Protected by Govt.
Asset protection is essentially guaranteed by the government
of the state/country. Anything that could damage, dispute or invade the assets
of its protected is severely undermined by UAE Govt. This renders any biased
foreign judgment useless, and the legal opponent is unable to pursue after the
assets/property.
Tax Exemption
Like most company formation structures in UAE, Offshore
companies also enjoy a tax-free environment to operate. These entities do not
require Business Trade License since their constitutional documents already
serve as a legitimate proof of their presence.
Privacy
Financial records are provided full privacy internationally
without any fear of scrutiny or legal action by the host country. Audits are
kept a secret on the company’s discretion to shield it from creditors. These
privacy protection laws are reinforced by Govt. bonds, heavy fines, and even
arrest.
