Offshore
An offshore company is defined as being a company that is legally incorporated outside the country in which it primarily conducts its business, or where the company’s main investors reside and present the following specifications:
- Usually established in jurisdictions offering tax advantages and regulatory flexibility;
- Typically used for international business, finance management, asset protection, and privacy purposes;
- May be used for holding assets, trading, investing, or conducting local or international business;
- May have simplified ownership, management, and reporting structures and can enjoy greater flexibility in the managing of corporate functions and operating expenses.;
- Subject to specific laws, regulations, and requirements in their home jurisdiction and in the country or territory of registration.
At Innovios our team can offer you the possibility to incorporate your company in the following locations:
JEBEL ALI FREE ZONE (JAFZA)
Jebel Ali Free Zone (JAFZA) is a dynamic and thriving free trade zone located in Dubai, United Arab Emirates. Established in 1985, JAFZA is one of the largest and busiest free zones in the world, covering an area of over 57 square kilometers. The free zone is strategically located close to Jebel Ali Port, which is one of the largest container ports in the Middle East and allows businesses to benefit from its excellent connectivity and accessibility. JAFZA offers a wide range of business activities, making it an attractive destination for businesses from various sectors. These businesses can enjoy several benefits, including zero personal and corporate taxes, no customs duties, and no currency restrictions. JAFZA provides world-class infrastructure, efficient logistics services, and streamlined business regulations to help companies establish and grow their businesses. JAFZA also provides support services such as legal, banking, and licensing services to aid the establishment and growth of businesses.
Overall, JAFZA is recognized globally for its state-of-the-art facilities, world-class infrastructure, and business-friendly policies that make it one of the most preferred free zones in the world.
RAS AL KHAIMAH INTERNATIONAL CORPORATE CENTRE (RAK ICC)
Ras Al Khaimah International Corporate Centre (RAK ICC) was established in 2015 in the emirate of Ras Al Khaimah, United Arab Emirates in order to provide a flexible business environment for international companies, entrepreneurs, and investors. RAK ICC offers several advantages to businesses, such as easy company registration procedures, simplified reporting requirements, tax efficiency, and confidentiality of business operations. RAK ICC is renowned for its competitive pricing, excellent infrastructure, and dedicated support services. It also allows prompt access to banking services provided by leading banks in the UAE. RAK ICC is regulated and governed by the Ras Al Khaimah International Corporate Centre Regulations of 2016 and operates under the administration of a qualified Registrar who oversees all the registration and administration procedures.
Overall, the combination of tax advantages, regulatory flexibility, and a supportive business environment makes RAK offshore an appealing choice for companies seeking to optimize their operations and maximize their global competitiveness.
BRITISH VIRGIN ISLANDS (BVI)
The British Virgin Islands (BVI) located in the Caribbean, is a leading offshore financial center renowned globally for providing a tax-efficient business environment with a high degree of confidentiality, which attracts many offshore companies, investment funds, and individual investors. The BVI offshore company formation offers several advantages such as no corporate tax, no income tax, no capital gains tax, and no inheritance tax. Company incorporation in the BVI is relatively straightforward, with a minimum requirement of one shareholder and one director, and the company can be wholly foreign-owned. The BVI also has a stable government, a sound legal system, and an established financial services industry, making it a reputable offshore jurisdiction.Apart from the offshore formation of companies, other business activities the BVI is known for include banking, trust management, asset protection, and wealth management.
Overall, it’s an attractive destination for those seeking a secure and tax-efficient offshore jurisdiction.
MAURITIUS
Mauritius has gained popularity as an offshore business destination due to its tax-friendly policies, stable economy, and legal system. Mauritius offers several benefits to offshore companies such as low corporate tax rates, no withholding tax, no capital gains tax, and no tax on dividends paid out of the company’s profits.Offshore companies in Mauritius can be used in various business activities like e-commerce, trading, investment, asset protection, and holding assets, and can benefit from simplified ownership and corporate structure. In addition, incorporating an offshore company in Mauritius offers confidentiality of operations, efficient banking and financial services, and easy access to African, European, and Asian markets due to the island’s strategic location.
Overall, an offshore company in Mauritius can offer investors and businesses an attractive proposition for conducting international business or financial activities.
HONG KONG
An offshore company in Hong Kong refers to a legal entity that is incorporated in Hong Kong but conducts all or the majority of its business activities outside of Hong Kong. Hong Kong is one of the most popular offshore business destinations in Asia due to its stable government, business-friendly environment, and favorable tax system. Offshore companies in Hong Kong can be used for international business activities such as trade and e-commerce, investment, and asset protection. Advantages of incorporating an offshore company in Hong Kong include no restrictions on foreign ownership, no restrictions on repatriation of funds, low tax rates for non-Hong Kong sourced income, and ease of doing business due to the well-established legal and regulatory framework. To establish an offshore company in Hong Kong, it is necessary to register the company with the Companies Registry, obtain a business registration certificate, and open a bank account in Hong Kong. An annual tax return must be filed, even if the company does not have any operations in Hong Kong. Overall, an offshore company in Hong Kong offers numerous benefits to entrepreneurs, investors, and those looking to conduct international business activities.
Singapore
Singapore is a prime destination for offshore business setup, renowned for its strategic location, robust infrastructure, and pro-business environment.
Singapore offers a streamlined and transparent process for registering a business, making it easy for entrepreneurs to establish their offshore entities.With its strategic location in the heart of Southeast Asia, Singapore provides easy access to dynamic markets across Asia-Pacific and beyond, facilitating international trade and expansion opportunities.
Singapore boasts a competitive tax system, with low corporate tax rates and various tax incentives for offshore companies. Additionally, there are no capital gains taxes or dividend taxes for non-resident companies. Furthermore, the Singaporean government actively supports business growth and innovation through various initiatives, including grants, funding schemes, and industry-specific support programs. Overall, setting up an offshore company in Singapore offers a compelling combination of tax advantages, legal stability, business-friendly environment, and strategic location, making it an attractive destination for international businesses.