Scope of foreign companies operating Abu Dhabi offshore

Posted by dunitzsantrino on August 27th, 2015

Setting up a business in UAE by a foreign company is possible when they operate as an offshore company. There are a lot of benefits that are available to such companies with respect to the ownership and tax free jurisdiction.

The role of registered agents for RAK offshore is very important as they take up the responsibility of taking care of the procedures and formalities that are to be completed at the initial stages of registration. This comprises of all the legal documentation work and the administrative formalities. The UAE market is considered to be a leading trading hub and offers an outstanding market for foreign companies to establish their business and to operate from the offshore areas. The Abu Dhabi company formation services are offered in order to comply with all the government rules and regulations. As part of the essential features pertaining to doing business in Abu Dhabi, the flexibility of the operations is a must. The advantages include 100 % income tax exemption, 100% corporate tax exemption, 100% capital and profit repatriation, complete ownership in the Free Zones.

There are no capital gains or value-added tax involved. The cost of starting up business is much affordable because of the help of the registered agents for RAK offshore It is seen that many companies who are famous across the world wish to have a branch or a flourishing office in one of the leading emirates. The reason is that GCC countries contribute a lot towards increasing the business potential and profits by operating as offshore companies and taking in the ownership rights. There are many businesses such as real estate, banking, manufacturing, trading, financing and other business streams that can be started. The product or service oriented companies have to ensure that they make the most of the contacts that are referred by their local sponsor so as to carry on business smoothly.

The rule of any GCC country is strict so as to protect the rights and the business profits of their citizen and also give ample opportunities to foreign entrepreneurs to operate in Abu Dhabi by complying with the legal norms. In fact it is seen that the Abu Dhabi company formation services has attracted so many companies from various countries to have an outlet or a branch office here because of the benefits that are enjoyed by these companies. They only have to keep in mind that they should not venture into the mainland business contracts directly.