As registered local agents we are able to directly offer UAE IBC companies to service the growing needs of our clients. IBC’s or SPV’s (Special Purpose Vehicles) have varied uses and with the UAE offering 100% Tax Free status along with International Banking and OECD White List Jurisdiction classification the UAE is the preferred choice.
Offshore IBC companies are regulated by the OECD and there are registered jurisdictions across the globe where businesses can be based to avail priviledges such as tax exemption, trust structures, holding companies and funds. The most obvious choices have always been the BVI, Caymans, Seychelles, Belize and Jersey to mention a few but there have been offshore jurisdictions such as the UAE, in particular RAK offshore which are emerging as a preferred choice due to the privacy, banking environment and white listing of the UAE. At PBS we are local agents for a number of offshore jurisdictions and provide our clients the most appropriate and cost effective solutions based on their specific requirements.
Offshore IBC Business Setup provides numerous benefits for individuals and companies that are located in high tax jurisdictions and can remedy tax breaks by offshoring elements of their operations. IBC have also been used effectively as funds, trusts and holding companies and remain a cost effective option for business establishment.