Wednesday, February 20, 2013

OFFSHORE COMPANIES - TAX SAVING AND ASSET PROTECTION




Offshore companies in UAE will always help the expat investors to be anonymous and to protect their assets by saving Double taxation.

Key Benefits of Offshore Company.


             Asset protection
             Anonymity
             Confidentiality
             Bank account with full control
             No financial reporting
             100% foreign owner ship
             Zero corporate tax
             Zero personal tax
             Full repatriation of capital and profits
             No currency control
             Strategic location



Advantages of using a UAE offshore company for buying and selling Properties:
  • Set up time: 2- 3 working days.
  • Tax and duty exemption.
  • 100% foreign ownership permitted and 100% tax and duty exemption.


Double Tax Avoidance Agreement (DTAA)

Since UAE have zero taxation, accordingly double taxation prevention treaties are aimed at making the UAE a more attractive jurisdiction to incorporate offshore companies to protect assets and to do international trading. Generally, under these treaties profits generated from shares, dividends, interest, royalties and fees are taxable only in the state where the income is earned according to mutually agreed terms and conditions.

• Protect expat investors from direct or indirect double taxation.
• Investments to be taxed in the country of residence other than that country of source.
• The U.A.E signed several bilateral agreements for avoidance and prevention of double taxation with most of its major trade partners.


Other Activities Allowed

The company can also act as Trading Company, Consulting Company, Holding Company (Buy/Hold/Sell stakes of companies).

Should you require more clarification please feel free to contact me on rupeshpr@hotmail.com