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COOKIE POLICY: This website uses cookies to enhance functionality and improve your browsing experience. Please enable specific cookies in the Preferences and click "Save settings" to enjoy the best user experience. Click here for more information.
DISCLAIMER: Dear visitor, this website and its subdomains are not aiming at providing any tax or legal advice and nothing on the website is meant to relieve the users from seeking sufficient counsel from a tax or a legal advisor in their country of residence. Descriptions and other information reported on the website and its subdomains have no other purpose than informing the users about SFM services.
To celebrate the holiday season, we are offering an exclusive 20% discount on all new company incorporations. This offer will be automatically applied to the checkout.
Discount is effective until the 31 December 2023.
Best Onshore and Offshore Jurisdictions List
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All Jurisdictions
UAE Jurisdictions
The below comparison table will provide you with basic information about each jurisdiction where we offer incorporation services,and will let you apply different filters. For more information about each jurisdiction, please click on the “Details” button or simply contact us.
The below comparison table will provide you with basic information about each jurisdiction where we offer incorporation services,. For more information about each jurisdiction, please click on the “Details” button or simply contact us.
1 When a company is resident and acts for itself, the accounts and tax fillings are obviously required. When a company is not resident, we don't need to provide accounts, but we need to file a tax declaration at the end of the year stating the company is non-resident in Canada. 2 No taxes are levied on incomes earned outside Hong Kong. 3 U.A.E law (United Arab Emirates) 4 Section 65 of the IBC Act, 1994 (Amended) requires the company to keep such documents (receipts, invoices etc.) as to enable it for accounts to be prepared; there is NO accounting requirement per se. 5 Under US Legal System. 6 There is 2 ways for a company in Canada to not be taxable in Canada:
A non-resident company is not taxable in Canada (in such case we may refer to the government website speaking about it, more exactly the section named "Common Law").
If a company in Canada has a trust, an agency or a services agreement with a person or a company, and such agreement states the company in Canada is only acting on the behalf of the said person or the said company. In clear, if the company is only acting as mandatory. In such case, we need to refer to the civil code. If it's the case, as for the non-resident company, at the end of the year, we do a tax declaration stating the company is only a mandatory company and no accounts need to be filled.
7 SFM does not assist in registering companies with bearer shares. 8 Foreign sourced income is taxed at 30% and domestic sourced income is exempt. An exemption exists for foreign-sourced income provided the IBC qualifies by meeting the economic substance requirements. 9 Regulation 101 – 107 of the RAK ICC Business Companies Regulations 2018 and Federal requirements requires the company to maintain its underlying documentation, including accounting records, for a minimum of 5 years. 11 Your presence is required or must provide a POA to represent you and sign at the authority office. 12 The Federal Decree-Law No. (47) of 2022 introduced the UAE corporate income tax regime at a rate of 9% and is effective for financial years starting on or after 1 June 2023.
Where is the best place to register your company?
We often get the question, “where should I register my company?” or what is the “best offshore jurisdiction?”.
Our answer is simple: every client, every situation is unique, there is therefore no straight answer to that question.
A lot of factors have to be taken in consideration, namely :
Your company activity
Your place of residence
Your nationality
Where your clients and providers are located
Your affinity with certain regions of the globe
Your willingness to provide audited accounts or no
The kind of banking facilities that you need
What is the world's best offshore jurisdiction? (3 min 55 sec)
All these factors have an influence on which jurisdiction you should opt for. If you need guidance, the SFM team will gladly help you reviewing the options and deciding which jurisdiction would fit you best.
For clients who would like a rapid incorporation process, a bank account, keep the fees to the minimum and no accounting requirement, offshore jurisdictions such as Seychelles, Belize, or the BVI are often a favorite pick.
You may also find that some of your clients do not wish to pay you on an offshore company account, and would require you to select a more established jurisdiction. In that case you could look at jurisdictions such as Hong Kong or Cyprus, which are considered to be Onshore Jurisdictions (even if tax rate is low or nil, there is a need to submit accounts on a yearly basis to the jurisdiction’s tax authorities).
In other instances, some of our clients may need to provide services in the Middle East, in such case a RAK (Ras Al Khaimah) offshore company may be best suited, as it is internationally well recognized.
In summary, every client has a different situation, and every jurisdiction that we offer (45+ jurisdictions) could fit in one or the other of these situations
Also, an important factor in choosing a jurisdiction is to be sure that your company will be incorporated in a country that has a:
1. reliable means of communication;
2. political and economical stability;
3. good reputation;
4. sophisticated corporate laws;
All the jurisdictions we work with enjoy the above-mentioned advantages.
Disclaimer : SFM does not provide tax or legal advice of any sort and may only recommend a jurisdiction on a general basis, without giving any advice about your personal tax/legal framework.