Firstly, what is an offshore company? In short, it is a legal business entity that operates outside of the country where it is primarily based. For example, if the business owner is based in the UK but the business is registered to operate in the UAE, that is an offshore element of the business. These types of businesses are typically used for international trade, asset protection, holding structures or other similar financial purposes.
So why should you choose the UAE as an offshore location for your business? There are a number of compelling advantages offered in this jurisdiction, making it an attractive location for global audiences, including investors, entrepreneurs and multinational corporations right through to SMEs. Here are a few of the key benefits;
Tax advantages
One of the most significant benefits of establishing an offshore location in the UAE is its favourable tax regime. The UAE offers a low-tax environment on both corporate tax and personal income for offshore companies.
In addition to this, the highly efficient tax system helps to simplify compliance procedures which in turn reduces the administrative burden on business owners and further enhances the UAE’s appeal as a tax-efficient jurisdiction.
Read more at International Accounting Bulletin blog here
Comments