Offshore is a business entity or a judication that is designed for international business activities that includes services and trades outside the country of the actual incorporation. To simplify, it is a jurisdiction that permits Entrepreneurs and Investors to setup a company in UAE without being physically in UAE.

Offshore company has many features and preferred to many international investors.

Some of the features are:

• Offshore companies cannot operate in UAE Freezones or Mainland. They are mostly: suitable for international business trades, holding companies, and investment companies.
• Foreign Ownership: This means that it does not require any local partner / services agent. It allows 100% Foreign ownership.
• Confidentiality: It enjoys with high confidentiality and privacy of financial assets, and the details of shareholders/owners are always kept private and not disclosed.
• Tax Benefits: It enjoys with 100% Tax-Free benefits and it is not regulated by UAE Federal Tax Authorities. (No VAT, No Corporate Tax, and No Capital Gains Tax).
• Banking Facilities: Offshore companies can open Business Bank Accounts in UAE and international banks with different currencies. This facilitates the banking transactions in the international level.

Hence, the most renowned Offshore jurisdictions in Dubai & UAE are: JAFZA (Dubai Offshore), RAK ICC (Ras Al Khaimah Offshore), and Ajman (Ajman Offshore).

Get in touch now with our experts at Assertive Zone to have a free consultation and incorporate your business in the right jurisdiction.