Overview
A business owner with international scope of operations reached out to CAS Services for setting up an Offshore company in UAE for maximum tax efficiency and security of assets protection. The client looked for a strategic partner who could sail them through the legal intricacies of Offshore registration and integrate this new entity into the exact global business structure without any perturbation to the ongoing business operation.
Challenges
There were a number of critical challenges the client was facing:
- Offshore Jurisdiction Selection: Identification of the most beneficial Offshore jurisdiction in UAE that would yield maximum tax benefit while catering to the business requirements of the client.
- Legal Compliance: The Offshore company complies fully with the laws of UAE while adhering to international regulations—specifically, tax standards and AML.
- Global Integration: The integration of an Offshore company into the general business structure of a client for an enhanced global tax strategy that does not add complexity.
- Expedited Process: The client had requested an expedited completion of the Offshore registration to avoid any disruption of business plans.
Our Solution
CAS Services delivered a tailored, strategic solution:
- Jurisdiction Analysis: Detailed analysis by us of the client’s business purpose led to our suggestion of the most fitting Offshore jurisdiction in UAE.
- Compliance Management: Our team handled all legal compliance-related formalities from document preparation to ensure compliance with local and international laws.
- Strategic Planning: Structuring advice for the offshore company to obtain optimum tax benefits and asset protection and easily dovetail with the client’s previous activities.
- Effective Execution: Proper administration of the registration process so that it is fast and hassle-free.
Result
- Successful Registration: The offshore company was set up in a jurisdiction that maximized tax efficiency.
- Added Protection: The benefit of the robust UAE legal framework protected the Client’s assets.
- Optimization of Global Strategy: Integration of the Offshore company into the client’s global operations optimized their overall tax strategy
- On-Time Completion: The registration process completion allowed the client to move on with their business plans.
