Offshore Company Formation & Business Offshore

The government in Dubai has stated its intention that the Dubai International Financial Centre become a major regional player in financial markets, and to that end they have been working to ensure regulation is adapted and adopted as required to facilitate those who do business through DIFC.

Dubai is becoming an expat businessperson and investor’s friend as a result, and the latest regulations to have been passed relate specifically to Special Purpose Companies.  The regulations passed allow for a format to exist for the formation of these companies so that Dubai can directly compete with other offshore jurisdictions that allow for the formation of these vehicles.

According to the Sovereign Group, the new regulations allow individuals to create Special Purpose Companies for “facilitating both Islamic and conventional transactions, as well as vessel registrations” for example.  And the real significance of the governmental regulation implementation in our opinion is that it is clearly committed to ensuring that those who are operational through DIFC are completely assisted and facilitated so that the centre becomes a real player.

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There are about five main reasons why anyone would consider establishing a company offshore and in fact, greater numbers of individuals and corporations are taking steps to incorporate overseas away from either their nation of domicile and/or residence, or away from the nation in which their main business transactions are conducted.

If you’re considering starting a company this offshore company formation guide will be of use to you.  We will discuss the reasons why people incorporate offshore and how to go about finding the jurisdiction that’s right for you…

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I don’t think I’m the only one whose dream of going to live abroad did not include the thought of getting up every day at 5am to catch a train to commute to some soulless city where I’d work in a cubicle at my desk for hours and hours and hours.  My dream of going to live abroad included me sacking my boss, ditching the 9 – 5 and taking control of my own destiny by starting a business of my own.

If you share this dream and you want to start a business abroad, get an offshore company.  According to our strategic partners who really know about these things (!) you could save yourself everything from red tape to taxation…

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