Business Description
OFFSHORE BUSINESS SETUP
Offshore business setup are companies that get a statutorily exemption from tax in their given jurisdiction of registration, provided they did not participate in any kind of business activities. Such companies were known as International Business Companies or IBCs. Proliferated by the British Virgin Islands, this business model was copied worldwide. Nevertheless, in the early 2000s the OECD Organization for Economic Co-operation and Development launched a protective measure against this, but not in United Arab Emirates. Even after the disposal, UAE continued to offer tax regimes which broadly achieve the same effect. As long as the company's activities are carried on overseas, and none of the profits are repatriated and the company is not subject to taxation in its home jurisdiction. Where the home jurisdiction is regarded to be an offshore jurisdiction, such companies are known as offshore companies. Dubai, Ras al-Khaima, Ajman and Jebel Ali in Dubai offer locations for an offshore company formation in UAE.
For more Details please contact us
• Asnaad Consultancy,
• Office No 109, Al Karama Star Building, Karama, Dubai, UAE.
• Phone: +97143309084 Mobile: +971553939961
• Email:
[email protected] web: http://www.asnaad.com
