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An offshore license allows you to register a company in Dubai that operates outside the UAE, benefiting from tax advantages and robust privacy protections.
Yes, offshore accounts are ethical when used for legitimate purposes such as asset protection and tax planning, adhering to local laws and regulations.
Offshore company formation involves establishing a company in a jurisdiction like Dubai that offers tax benefits and privacy while conducting business internationally.
Benefits include tax exemptions, asset protection, full profit repatriation, privacy in financial transactions, and a streamlined setup process.
No, offshore company formation does not provide eligibility for UAE residency visas.
The process involves selecting a company name, submitting required documents, drafting the Memorandum of Association, and opening a corporate bank account with expert guidance.
Costs vary based on factors like the type of company and services required, but setup fees generally start around AED 15,000.
Freezone companies are established within designated zones with specific business activities and tax benefits, while offshore companies operate internationally with enhanced privacy and tax exemptions.
Dubai offers various offshore company structures, including the International Business Company (IBC) and the Offshore Limited Liability Company (LLC), each with specific benefits and regulations.
No, offshore companies in the UAE are generally not required to register for VAT, as they are not conducting business within the UAE.
Offshore companies (such as those registered with RAK Offshore) are exempt from VAT. The residential status of the company owner and the location of the corporate bank account do not affect this exemption. If all company activities are conducted abroad, VAT registration is not required.
