Determining your business structure is one of the first steps to achieving success in the corporate landscape. Without a clear-cut corporate identity, your business will find difficulty progressing down the line. If you are looking to engage in international business, the best option for you is to establish a company offshore. With this type of structure, a company can open a local bank account and engage in international trading.
In addition, this business structure also enjoys numerous exclusive benefits. Investors that opt for this kind of structure are entitled various advantages, including the following:
- unlike owning a typical company in UAE, an offshore establishment allows complete foreign ownership.
– this type of business structure allows for conversion of profits and capital from foreign currency to local currency.
– offshore establishments are not required to pay corporate and personal tax.
– businesses that want to enjoy complete privacy with regards their operational processes can benefit from this structure.
– establishments of this type are not obliged to share any information about their assets unless requested by the proper authorities.
– companies established offshore are not subjected to import and export tax.
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