Offshore Business Setup
Offshore Company Setup Dubai
As a prime business incorporation ground, Dubai offers a variety of opportunities for investors and business owners. Over the years, the zone has attracted both new and experienced business owners alike. Dubai has become a trending tourist destination, enabling investors to invest in the business. At the same time, it has created a separate platform for investors who want to invest in offshore businesses.
Uses of an offshore company
Offshore companies are very flexible corporate entities. This allows it to be integrated into numerous business arrangements. Proper use of an offshore company can achieve tax reduction and increased confidentiality. On the other hand, it is incorrect to assume that an offshore company incorporated in a no-tax jurisdiction is exempted from all of the complex tax regulations in force in high-tax jurisdictions. Contrary to popular belief, having an offshore company by itself does not exempt its owner from all personal tax obligations in their home country. If an offshore company is utilized cleverly, the business can lower, defer, or completely eliminate some taxes which would otherwise be payable. In an offshore jurisdiction, revenues can accumulate in a tax-free environment, allowing startups to grow faster and become more competitive.