We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.
UAE has evolved as a leading business hub in the Middle East having connectivity by air and sea to all the major cities of the world. Investors from all parts of the world makes it a second home. Dubai is one of the booming Emirates of UAE and provides various schemes for company formation in Dubai. With its spectacular infrastructure, business friendly atmosphere, easy accessibility along with safety and security makes it the best option for company formation.
An Offshore Company is a legal business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership.
Offshore Company (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.Offshore companies are legitimate ways to structure business and ultimately getting financial benefits.
We offer a concierge service with dedicated account managers. They are available to answer all of your questions and provide full transparency while liaising with UAE government authorities on your behalf.
We provide a free consultation that will help answer every question you may have about setting up a company in the UAE.
For those looking to check off all the legal boxes of corporate ownership in the UAE while maintaining a great deal of flexibility when it comes to managing costs, Alya is your partner.
Alya is known in the market to provide a higher standard of company setup guidance – without higher costs.
An offshore company can be the perfect vehicle for protecting your wealth. If you have a considerable amount of money then an offshore company can help you to protect it from lawsuits and divorce settlements.
Setting up an offshore company can help you to benefit from the low taxation laws of certain jurisdictions, also popularly known as tax havens. The level of taxation normally depends on the jurisdiction. Some offer complete tax-exemptions for non resident companies, others offer very low taxes and some others still offer attractive flat-rate taxes or license fees. Another very attractive offer is the 0% capital gains tax where the interest gained from money market transactions is not taxable.
An offshore company setup can in certain situations be very necessary in order for a business to expand internationally. A local company may encounter many legal and bureaucratic issues that will hamper its international expansion as long as it adheres to the rules and regulations of its home country. But with an offshore company setup in a favorable jurisdiction, international growth of the company can be expedited.
Depending on where you are from, the type of business you are into and where you plan on setting up an offshore company, chances are that you most definitely will have lower costs of operations. If you use a full service offshore company service, there will also be extra services available at a small fee like mail-forwarding and telephone answering services in addition to a registered office address, appointment of directors, payment of government fees and adherence to their other regulations.
Compared to most onshore or major judiciary systems, the reporting requirements for offshore structures are quite limited and very easy to handle. The information required from offshore companies is comparatively minimal and some jurisdictions will even just demand a flat license fee and that’s your business report for the year.
With an offshore company, you could actually save on Value Added Tax depending on your type of business. If you own an offshore firm and you buy services from other businesses that are non-physical, those businesses actually have to deduct VAT from their prices because the service is effectively being exported.