The advantages of UAE companies:
- The jurisdiction enjoys a widely-acclaimed international image.
- The strategic location with convenient access to all major world markets.
- Highly advanced infrastructure and communication networks.
- Flexible and business-friendly tax legislation.
- The availability of bank accounts.
- There are no exchange controls.
- An incentive-based tax regime applied to all companies.
- The use of nominees within the structure of the company.
- There are no restrictions on the export of capital.
- There is no information exchange with tax authorities of other countries.
Onshore companies operating in a FEZ also enjoy:
- Company registration with 100% foreign shareholding.
- Fully-fledged office and resident status.
- Exemption from corporate taxation on most operations. There are no restrictions on repatriation of profits and capital.
- The right to conduct business throughout the jurisdiction.
- The availability of work permits for shareholders, directors and staff.
- The use of Double Tax Treaties.
- Recruitment of local staff with no taxation.
Offshore companies have the following benefits:
- Company registration with 100% foreign shareholding.
- No licensing requirements.
- Exemption from all taxation.
- Guaranteed repatriation of profits and capital.
- The availability of bank accounts anywhere in the world including the UAE.
- Shareholders may choose applicable laws.
- There are no requirements for minimum capital or its payment.
- The right to own property in the region.
- Meetings of shareholders may be held in any part of the world.
- Financial statements do not have to be submitted to the authorities and there are no auditing requirements.