Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits. Offshore Company is then a company incorporated for the purpose of operating outside the country of its registration and/or the place of residence of its directors, shareholders and beneficial owners. Again, this is typically pursued to realize various financial, legal or tax benefits. There are more than 80 offshore jurisdictions in the world; In the UAE Ajman, Dubai, RAK are some of the popular offshore jurisdictions.
What are the benefits of the offshore company?
100% Foreign ownership
100% Tax exemption -- Tax Heavens
Quick and easy setup and operations (e.g.: RAK offshore company can be setup in just 3 - 5 business days)
No minimum capital requirement
No limitations on maximum capital and denomination
Complete financial privacy, Anonymity and confidentiality
Ability to maintain local / offshore bank account
Option to open company with minimum one shareholder and director
No bearer shares
Can be opened through authorized Registered Agents
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