An offshore company (Offshore Financial Center) is merely a company that has been incorporated in a country other than ones place of residence, citizenship or domicile. Countries interested in attracting global business and expanding their economies compete for international business by implementing competitive tax regimes and guaranteeing privacy levels now. Offshore companies play an integral role in the global economy providing confidential, tax efficient means of international investing and conducting global business. An Offshore Structure is ideal for individuals and corporate entities for minimizing operation costs; individuals of high net worth, international investors, property owners, entrepreneurs.
Given the UAE's continued stance on ZERO tax's and duty exemptions, there is little wonder why more and more individuals and International Companies are now choosing the Emirates as, not only their business headquarters, but also in many cases their primary choice of residence too.
Acquis Solutions DMCC is a market leader in corporate legalization and offshore company formation. We offer solutions to clients looking to minimize taxes, protect assets and limit liabilities. We offer incorporation services in the U.A.E and some leading offshore centersaround the world and can help you setup an offshore company and bank account in Dubai.
An Offshore Company Provides a Structure for Asset Protection:
Putting your personal assets into a separate legal entity is generally a good idea whether you place them in a traditional company within your home country or you place them in an offshore company. Certainly, offshore companies and assets are much more difficult to locate and can provide protection against litigation suits. Talk to us about how to setup an offshore company in Dubai and avail a good structure to protect your assets.
Offshore Company Formation and Legal Protection:
Offshore company formation provides a strong layer of legal protection by removing your name from your assets. Lawyers typically perform a preliminary search to locate assets that may be tapped in the case of a winning judgment. Utilizing offshore companies by titling assets and transferring them to your offshore company can be a valuable tool in deterring these lawyers; preventing lawsuits and potential adverse judgments.
Further, in many jurisdictions, the lawsuit would have to take place in the country of incorporation since foreign judgments are not recognized except in cases of money-laundering, weapons and drug smuggling, and criminal tax fraud. It is important to note that tax fraud is an entirely different term from tax evasion and tax avoidance. Tax evasion is an administrative offense in many countries and tax avoidance is an entirely legal means of minimizing personal and corporate taxes. Often, these terms are conveniently intermingled by Governments of high-tax countries.
Privacy and Anonymity:
Utilizing an offshore entity to conduct your business, bank transactions and/or personal financial investments provides additional privacy and anonymity. In many jurisdictions, the company officers, shareholders and beneficial owners can either be omitted from the incorporating documents and/or are not on any public record at all.
Simplicity:
One often disregarded aspect of offshore company incorporation is the relative simplicity of the process. Offshore company formation in many jurisdictions is a quick and seamless process and Acquis Solutions DMCC strives to make your offshore incorporation as simple as possible. Additionally, ongoing requirements for offshore companies are often more relaxed than for "onshore" companies.
Tax Optimization:
Offshore companies established in low or zero tax jurisdictions may reduce, delay or even completely eliminate the tax burden on the company. Of course, there are often taxes to be paid in the country of citizenship/residence or business domicile, but offshore company incorporation may minimize these taxes. For instance, the taxpayer may be able to delay payment of the taxes until gains are repatriated allowing the gains to compound over time.
