UAE Offshore Company Setup
UAE Offshore Company Formation
OFFSHORE COMPANIES (INTERNATIONAL BUSINESS COMPANIES) is a company which does not carry out any substantial business activities in its country of formation and is framed in a law of no tax jurisdiction for the purposes of legally reducing any kind of tax payment and enhancing one's wealth management.Offshore company setup and opening bank account is an intelligent method of managing assets and income. There is a misconception that offshore company is to evade tax and hide money from Government, which is not correct.
Benefits of Setting up Business in UAE offshore
Activities That Can Be Carried Out by an Offshore Company in the UAE
Offshore Bank Account
Registering Offshore company and opening Offshore Bank Account is a method to effectively manage the funds and save taxes. The investors should study the political stability, infrastructure, safety and security of a country before opening bank account. UAE is the most sought after place to open bank account in the Middle East. There are 28 International Banks operating in UAE like HSBC Middle East, Citi Bank, Standard Chartered, Llyod TSB Bank, Royal Bank of Scotland, Barclays bank etc. At present 23 National Banks operate in UAE like EmiratesNBD, Mashreq Bank, RAK Bank, Noor Bank, ADCB, NBAD etc. Sterling Heights provides total solutions to open and operate bank accounts in any Bank in UAE (United Arab Emirates).
UAE Corporate Services