ADVANTAGES OF GOING FOR OFFSHORE COMPANY REGISTRATION2 min read
Setting up a business can be a grueling experience, especially for inexperienced individuals. Even the process of registering a business can be a pain, which is why many foreign investors shy away from growing their business overseas.
But with the evolution of business consultancy, setting up a business in Dubai can be a little less demanding for foreign investors and business owners. Here are the benefits this kind of set-up offers.
- Reduce business cost
Financing a business to ensure that it runs smoothly is topmost priority. With all the business expenses, business owners are looking for ways to cut corners. Offshoring offers a lot of advantages in this department. You can take leverage zero to minimum tax and other cost shield it offers. Businesses operating offshore can also enjoy favorable tax regulations from countries that allow this kind of set-up.
Some business owners opt to have their information hidden from public eye. When you register offshore company in Dubai, you can be sure that your information is not going to be listed on public records. Same goes with confidential information related to the company. No information will be leaked to public records.
Since physical space is not a big issue for offshore companies, you and your stakeholders can hold your meeting anywhere, however you like it. You can simply do a video conference and that’s it. Maintenance is also not a problem. No fuss, no hassles.
- Not heavy on reports
Tax reports and preparation of other financial documents are one of the biggest headaches of onshore companies. Businesses have to set aside time and manpower to comply with this mandate. With offshore companies, fewer reports are to be made and submitted.
- Great business expansion
If you are thinking of taking your brand overseas with less cost, then offshoring can be a great option for you. You can easily set up your business in Dubai or in any location you like with minimum requirements and a less demanding process. There are business consulting firms that can make this happen for you.
- Protect your Assets
One of the most important benefits of having offshore companies is asset protection. When you register your business as an offshore company, your assets will be protected through an asset protection trust clause included in the agreement. If and when another entity pursues your assets through a judge creditor, he will have a hard time doing so since foreign trustees are not covered by state law.
These are just of the benefits that you may take advantage of should you decide to try to register your company offshore. Consult with a trusted firm to know more about the process and procedures.