Why Offshore business setup !
Enjoy the benefits of TAX FREE profits by operating via an offshore entity.
If you are looking for a tax free structure for your business, you can always consider incorporating business in some of the regulated offshore jurisdictions. Below are some key insights into two famous offshore jurisdictions, UAE and Hong Kong.
A famous offshore jurisdiction. Setup a free zone entity in UAE.
- Tax free profits.
- No corporation tax.
- No personal/income tax.
- No tax authorities to assess personal/corporation tax.
- Tax free salaries withdrawal.
- Less annual regulatory filings
- No requirement for a resident shareholder/director.
- Records are not public.
- Advantages of changing your personal tax jurisdiction as well by opting a residency status*.
- High setup costs compared to most of the other offshore jurisdictions.
- VAT is introduced with effect from 01st of Jan 2018 but as lon ...