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Offshore Company
What is an Offshore Company?
An offshore company is a company which does not carry out any substantial business activities in its country of formation and is framed in a law of no tax jurisdiction for the purposes of legally reducing any kind of tax payment and enhancing one's wealth management.
Mostly one would open an offshore company to secure confidentiality over their financial matters and increase wealth without interruption. Offshore companies can eliminate or cut down many types of tax payments such as: Capital gains, V.A.T, Death duty, profits on business earnings and property sales. An offshore company legitimately helps one in gaining confidentiality over one's financial affairs and growing one's wealth.
Taxation |
Business may be structured so that profits are realized in ways that minimize their overall tax liability. |
Anonymity |
The name of the underlying principal may be kept out of documentation by carrying out operations in the name of an offshore company. |
International trade |
Offshore Company would be a good approach for those who want to do international business along with other investments. |
Property transfer |
When the owner sells the property; a certain percentage of its value may charged by the authority. The transfer fee can be easily avoided by selling the Company itself. |
Multiple investors |
Few of the property developers around the world insists that the property owner should not be more than one. Number of shareholders can be 1-50 in an offshore company and company owns the property. |
Bank account |
Many of the International and local banks operating in UAE are offering offshore corporate bank accounts. |
Please contact a Commit executive for more details
