UAE market offers different business models for its investors such as limited liability company, sole proprietor company and RAK offshore company. RAK offshore company formation has become quite common because persons can register this company in any other country while they are not living in that country. It also provides opportunity for RAKEZ company setup. But most of the investors prefer to invest for RAK offshore company. Some of the benefits of RAK offshore company have been given in this article.
Tax is the biggest problem for most of the companies and when companies have to pay heavy taxes then it reduces their profit. The basic purpose of offshore company is to legally minimize the burden of tax burden. And sometimes persons don’t have to pay any sort of tax and they can get more profit by this type of company.
Lowers operating and maintenance cost:
The jurisdictions of offshore companies are quite relaxing so there will be less need to hire staff for your company. It will also reduce your administration cost and you will not have to pay for taxes and accountants. There are no audit requirements for these offshore companies.
Short requirement to set up company:
When you are going to start in Dubai then it will require long registration procedure. And sometimes it takes few months to set up company in Dubai. But if you will go for offshore company then the registration process will be simple and you can get registered your company within 3-7 working days.
Requirement of one owner:
It will also give you advantage that you can establish your company without involvement of any partner and you can become 100% owner of your company. If you are going to start any other company in Dubai then you will need local partner to establish your company.
As the expenditures of offshore company are less and it will reduce your cost in many ways so as a result the profit of your company will become more. When you are going to start any sort of company then first of all you think about its profit to loss ratio and you should go for the company which has more profit ratio.
Live in your homeland:
Offshore company will give you advantage that you can run this company by living in your home country.