Offshore companies are often used by large multinationals for tax and regulatory reasons, but there are other advantages as well. Here we’ll explore some of the main benefits that you should consider when setting up your own offshore company here in UAE. It is important to know the benefits of an offshore company in the UAE.
Low Cost-Of-Living
One of the biggest benefits of setting up an offshore company in the UAE is the low cost of living. Compared to other developed countries, the UAE has a relatively low cost of living, making it an attractive place to do business. This is especially true for ex-pats who are looking to save money on their living expenses.
High Quality Of Life And Business Environment
In addition to the low cost of living, the UAE also has a high quality of life and business environment. The country is known for its stable economy, efficient bureaucracy, and overall safety and security. This makes it a great place to do business and raises the chances of success for your offshore company.
Tax-Friendly
Like many other countries in the Middle East, the UAE is tax-friendly when it comes to offshore companies. The country has a number of tax exemptions and incentives that can help you save money on your taxes. This makes the UAE an attractive place to do business, especially for companies that are looking to reduce their tax burden.
Pro-Business Climate
The UAE is also a pro-business climate, which means that the government is supportive of businesses and is working to create a favorable environment for them. This includes policies that encourage foreign investment, efficient bureaucracy, and a stable economy. All of these factors work together to create a great place to do business and raise the chances of success for your offshore company.
No foreign Currency Restrictions
One of the biggest benefits of setting up an offshore company in the UAE is the fact that there are no foreign currency restrictions. This means that you can freely transfer and receive money from other countries without any problems. This makes it easy to do business with companies all over the world and raises the chances of success for your offshore company.
No Office Space Requirements
Another advantage of setting up an offshore company in the UAE is the fact that there are no office space requirements. This means that you can run your business from anywhere in the country, including your home or a local coffee shop. This gives you a lot of flexibility when it comes to running your business and can save you a lot of money on rent and other office expenses.
Guaranteed protection Of Legal Assets
One of the biggest benefits of setting up an offshore company is the fact that it is guaranteed to protect your legal assets. This means that your company will be protected from any legal disputes or claims, which can help reduce the risk of litigation. This makes the UAE a safe place to do business and raises the chances of success for your offshore company.
A Legal System That Is Business-Friendly
The UAE has a legal system that is business-friendly, which means that the courts are supportive of businesses and are more likely to rule in your favor. This can be extremely helpful if you ever need to take legal action against another company or individual.
Easy Access To The Rest Of The Middle East
Another advantage of setting up an offshore company is the fact that it gives you easy access to the rest of the Middle East. The country is centrally located and has good transportation links to all of the other countries in the region. This makes it easy for you to do business with companies in other Arab countries and raises the chances of success for your offshore company.
100% Foreign Ownership In Free Zones Of UAE
One final advantage of setting up an offshore company in the UAE is the fact that you can own it with 100% foreign ownership in free zones of the UAE. This means that you will have complete control over your company and will not be subject to any local restrictions or regulations. This gives you a lot of flexibility when it comes to running your business and can save you a lot of time and money.
To summarise: If you’re looking for a place to set up your business where you can enjoy a high quality of life and a tax-friendly environment, the United Arab Emirates should be at the top of your list. With no foreign currency restrictions and 100% foreign ownership in free zones, it’s easy to get started in UAE. And with a pro-business climate and legal system that is friendly to businesses, you can feel confident that your assets will be safe and your business will thrive here. Contact Emirates Express today to learn more about how we can help you get started in this prosperous and welcoming country.
