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Offshore Companies - ChoiceUAE.com


Offshore Company

Offshore Company

Offshore Company - Overview
Offshore Company, most commonly termed as International Business Company or a Non-Resident Company, is a legal structure which provides for a low/zero-tax environment for an entity or an individual which in turn minimizes tax burdens and improves wealth management. Besides this fact, its element of anonymity has made offshore companies a top favourite amongst the affluent. A few reasons why individuals and corporations choose offshore companies are to:
• Manage taxes
• Shield assets
• Manage risk
• Avoid bureaucracy
• Maintain privacy
• Enhance assets

Benefits Offered by Offshore Company:
More specifically, the reasons for going offshore and utilising offshore companies for tax planning and offshore business include:
• Free remittance of profits and capital
• Banking privacy
• Exchange convertibility
• Legal Protection
• Availability of offshore experts
• Government cooperation
• Access to tax treaties
• Ease of Reporting
• Fair treatment
• Security of property rights
• Anonymity
• Fewer restrictions
• Low fees & operational cost
• Customs and duty exemptions
• Sanctity of contracts
• Foreign investment inducements
• Tested legal systems
• Higher yields and returns

STANDARD LEGAL REQUIREMENTS & SUPPORTING DOCUMENTS:

INDIVIDUAL SHAREHOLDER(S)
1. Application for Registration (We will prepare)
2. Personal & Business Profile of shareholder (CV or Resume)
3. Proof of Physical address of shareholder, i.e. Utility bill (Original)
4. Valid Passport Copy for Shareholder, Director & Secretary
5. Recent UAE Entry Page Copy of Passport or Valid UAE Residence Page Copy
6. Personal Bank Reference Letter for Shareholder - the relevant account should have been maintained for at least two (2) years (Original)
7. Three Proposed Names of the company

MULTIPLE SHAREHOLDERS(S)
1. Application for Registration (We will prepare)
2. Personal & Business Profile of each shareholder (CV or Resume)
3. Proof of Physical address of each shareholder, i.e. Utility bill (Original)
4. Valid Passport Copy for each Shareholder, Director & Secretary
5. Recent UAE Entry Page Copy of Passport or Valid UAE Residence Page Copy
6. Personal Bank Reference Letter for each Shareholder - the relevant account should have been maintained for at least two (2) years (Original)
7. Three Proposed Names of the company Every Shareholder and Director must provide the above mentioned documents.



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