Offshore Company Formation

Offshore Company Formation

An offshore company is the one established in another jurisdiction while its parent corporation in another country. It 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. Going offshore is the most modern popular way of managing the business as they offer excellent and tax-efficient strategies for entrepreneurs. Important prima facie benefits are freedom of operations, confidentiality, and ease of running the business. UAE is one of the well-known jurisdictions in the world for incorporating an offshore company.