Why Should You Choose Dubai For Offshore Business?
Many of us dream about opening a company abroad. But having a dream does not always mean to be true. You have to put some efforts to give a shape to your dream. You need a proper planning because without proper planning an initiative, like business, will go vein. Business is a thing which depends upon your profit and when the loss take over the profit it will must be shut down. So prepare yourself and go for it.
You would always want a fine location for your business establishment. Many people want to start their business abroad. To open offshore company in Dubai is always a good idea and offshore business is a smart business.
However, for some starting a business is really a headache. If you want to open offshore company Dubai can be your best location. To open an offshore business in Dubai, hire a consultant from the country. He or she will give you the legal advice as well as help you to determine the exact location because offshore companies registered in Dubai are typically setup in Ras Al Khaimah Free Zone and Jebel Ali Free Zone. But nowadays, as Dubai advances you will have more location options available like Jumeira Lake Towers, Dubai Investment Park and Dubai Silicon Oasis. The Government has also changed principal and rules in this case.
You will get some extra facilities when you go to open a company in Dubai, like:
• Legal protection is the key reason for an offshore business. Usually in case of a business all the assets tie with the name of the business owner but in this case there is no such bounding. Your assets are now protected to lawsuits and other legal judgments.
• When you open an offshore business you enjoy the privacy which is not possible in traditional business.
• In offshore business you will get a chance to save a huge amount with which you may use to start a new venture. Tax savings is a huge factor in this business. In a few cases, you need not to give any tax at all. Everybody start a business to gain some profit from it but if you have to pay a heavy amount of tax there will be nothing for your own. Offshore business can give you sigh of relief from this.
But offshore business has also some limitations. You may have to face some financing problem initially. But every problem has a solution these days. Dubai has now become one of the most important business cities. It is the global hub of emerging industries. In 2011, new Swiss rules were passed. This is basically for the tax-free status and 100% return method. So, it is the prime time to invest in Dubai.