An off shore company offers many benefits and advantages that are, otherwise, not possible to attain. With the globalization, setting up of an offshore company has become ever more advantageous. In UAE, an offshore company is the most beneficial way to start or expand your business. Here, the concept of offshore companies came into being in 2003 following which, the UAE became an ideal hub for businesses and MNCs from across the globe. Offshore companies are duly supported by the Government that has extended excellent financial assistance. These companies get tax and custom-free benefits. Thus, UAE is one of the most dynamic countries for offshore company formation as it provides all the basic and advanced amenities for the business.
What is an offshore company
An offshore company does not carry out any substantial business activities in the country of its origin. Also known as non-resident company, it can be owned by individuals or corporate bodies. An offshore company is not allowed to occupy any office physically in UAE. Offshore companies are framed under
the jurisdiction of no-tax laws and the sole purpose is – enhancing one’s wealth management and reducing the possibility of tax payments legally.
The primary reason for incorporating an offshore company in UAE is, total confidentiality over the financial matters with increase in the wealth, without
any hassle. The offshore companies are also benefitted with cutting down or elimination of different taxes including Value Added Tax (VAT), death duty, capital gains, property sales and importantly, profits on business earning.
The directors or the shareholders may be non-UAE, UAE or corporate resident.
Allowed to maintain UAE and world-wide deposits, with bank accounts.
No legal obligation to maintain financial books and other records.
No need of physical presence of the directors or the shareholders in the UAE for company set-up.
Carrying out any business in UAE is not mandatory.
UAE residency visa not necessary.
Flexibility of owning property or real estate in UAE, but with prior permission from the authority.
What an offshore company is allowed to do
Buying, selling or holding stakes of the companies.
International and professional services.
General trading activities.
Investments or joint investments.
An offshore company formation in UAE comes with multiple benefits. It lets you run the business in the most profitable manner and you have 100% ownership in your assets in the UAE. You can also avail lucrative tax benefits. UAE is attracting many new entrepreneurs and
multinational companies due to minimum set-up cost and unwarranted red tapism. So, if you’re planning to incorporate an offshore business in UAE, contact us. Our team of skilled professionals will realize all your business dreams.
Reliable & safe
Licensed by the Cyprus Securities and Exchange Commission under licence number 138/11 in accordance with the Markets in Financial Instruments Directive.
Insured Client Funds
We are a proud member of the Investor Compensation Fund which acts as a guarantor of last resort for our investors. IFC covers the maximum amount of 20.000 EUR for MiFID clients.
Investor’s money is kept in segregated accounts with top-tier banks that cannot be claimed by creditors or used by us. Account base currencies are available in EUR, GBP, USD, CHF and JPY.
Negative Balance Protection
Through the use of an automated transaction monitoring and risk management system, a Consulting WP client’s account will never be allowed to reach negative balance.
Extreme Transparency Policy
Our Extreme Transparency Policy ensures that the client receives a transparent price feed, transparent liquidity, transparent historical data, transparent market information at all times.
USD 825.000.000 NOP
The total value of all of the client’s open positions combined (net open position) may not surpass USD 825.000.000.