Whatever may be your financial goals for setting up an offshore entity, whether it is to avoid burdensome taxes in the home jurisdiction, protect business assets, to seek immunity from excessive regulations or enjoy lower establishment costs, the solution is to set up an offshore business or undertaking in any of the popular offshore jurisdictions. Dubai is becoming very popular as an offshore destination to find or set up a business venture. Another great advantage is that Dubai is not black listed and is not considered a tax haven making it easy for Dubai based company formations to deal with different clients from across the world. Under Dubai company formation you have a choice of setting up either a Free Zone Company or an Offshore Company. The Free Zone Company are businesses that are 100 percent owned by the person who sets it up, and you do not need an agent or sponsor to act as a liaison to manage the business. The Offshore company refers to a Dubai registered company conducting or operating its business outside its boundaries. The offshore structure has been introduced to cater to the needs of companies that require"tax relief - invoicing facility". There is no need to set up a physical office and there is no minimum capital requirement. UAE company formation can be accomplished within 2 - 4 days by registering the company in Ras Al Khaimah (RAK) which is a completely tax-free zone, with full repatriation of profits and capital allowed and with no local office required there is no employee cost incurred. The company is not required to file accounts or conduct audits.
The RAK Free Trade zone Company is a cost-effective investment destination. The RAK free trade zone is a special area where normal trade barriers, like taxes, tariffs and quotas, are eliminated and the bureaucratic requirements are much less. With free zone companies it is possible to help from over 40 double taxation agreements in the UAE and to receive an investor visa/residency. Free Trade Zone companies are tax exempted for up to 50 years. The Ras Al Khaimah Investment Authority also called RAK Investment Authority (RAKIA) is an industrial licensing and promotion agency set up to attract investments in the Ras Al Khaimah region and is responsible for issuing all types of licences operating in the industrial parks and free zones belonging to RAKIA, issuing licences for offshore companies and providing needed facilities to business that include providing warehouses, offices and industrial land. GWS Middle East FZE is a reputed company service provider in the UAE and a fully licensed agent of Ras Al Khaimah government providing company formation services in the UAE. If you would like to explore and seize the opportunity to do business in the UAE you can try their services.
Thank you for sharing such a informative blog about Business Consultants in UAE with us. Keep on sharing the blog like this.
ReplyDelete