The UAE offers favorable taxation. Residents of the UAE are exempt from all taxes, including withholding tax, capital gains tax, export duties, and inheritance tax. Moreover, the government of the UAE guarantees the confidentiality of company owner information. Therefore, the company registration process is simple and cost-effective, and the country does not require its shareholders to disclose personal details or financial data. These factors make the UAE a very attractive location for establishing RAK offshore company.
Free from tax obligations:
Having an offshore company in the UAE means freeing from any tax obligation. You don’t have to register a local office in the UAE, which means you can conduct business from anywhere in the world. Moreover, offshore companies do not have to file annual reports and financial statements, and you are permitted to hold annual meetings anywhere in the world. You can also use virtual office services in the UAE and open a bank account in the UAE with the help of a local business.
UAE offshore companies are completely anonymous:
Unlike a company registered in another country, an offshore company is not bound to maintain a local office. You can choose to run your offshore company independently or work with a local partner if you wish. In addition to this, you can own properties in several selected locations, including the Dubai International Financial Centre. Furthermore, UAE offshore companies enjoy full legitimacy among customers and partners.
Setting up an offshore company in the UAE is easy:
Compared to other offshore jurisdictions, UAE companies have the cheapest set-up fees and maintenance costs. These advantages make them very attractive to a variety of investors. In addition, you can incorporate a joint venture company, holding company, an intellectual property holding company, an international business company, and SPV. It’s also easy to incorporate several types of businesses in the UAE.
Offshore companies do not need to publish financial information or details of shareholders or directors. Unlike their non-resident counterparts, they do not have to publish financial information or annual reports. Moreover, they have few legal obligations, which means that they are often considered a safer option for businesses. As a result, you can establish a UAE-based company with minimal risks and hassle. This can help you reap substantial benefits.