What is the real use of an offshore company?

November 07, 2018

Registration of an offshore company is a recognized and effective tool for tax planning and assets protection. Offshore companies in the UAE stand out from other alternative jurisdictions that offer registration of offshore companies.

Registration of an offshore in the UAE gives foreign shareholders – legal entities and individuals – 100% ownership with full tax exemption. There are no requirements for minimum share capital, no restrictions on capital and profits expatriation, reliable mode of confidentiality, and a reliable and efficient banking system. Besides, the United Arab Emirates, in fact, being a tax-free country, do not fall under the category of “tax heavens” and have never been blacklisted by European countries as an offshore jurisdiction.