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Uses of Offshore Companies
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» UAE Company Formation - Uses of
Offshore Company
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An Offshore Company is a company which is incorporated outside the jurisdiction
of its primary operations. Offshore Companies are sometimes known as non-resident
companies. An Offshore Company should not conduct substantial business within
the offshore jurisdiction where it is incorporated.
An Offshore Company is a very flexible corporate entity commonly used in
international tax planning, and can be integrated into a wide variety of
business arrangements. Tax optimization, asset protection and confidentially
are just a few benefits which can be achieved by a proper application of
an Offshore Company.
There is no standard reply as to which is the best offshore jurisdiction.
Depending on the personal situation and business activities of its owners
and upon the various tax regulations in force in the countries where the
Offshore Company will engage in business are decisive factors.
There are a number of business activities which are suited to be operated
through an Offshore Company, these include:
- General Trading
- Consulting and Advisory Services
- Holding Company (buy/hold/sell stakes of companies)
- Investments and Joint Investments Company
- Property Owning
- International services
- Professional Services
- Shipping and Ship Management Companies
- Commission Agents Company – Intermediary Brokers (IB's)
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