An Offshore Company is a legal business entity that is set up in a different country from the country of residence of the stakeholders or ultimate owners. This is different than a Free Zone Company. Offshore companies are generally used for global business considering the International taxation and Accounting and Audit obligations. Offshore Companies are also used as holding companies for worldwide subsidiaries, maintaining wealth, international trading, property holding, asset protection or holding an intellectual property. However, an UAE offshore company cannot carry business with a resident in UAE.
UAE being a “tax-haven” jurisdiction is a worthwhile option for setting up an Offshore Company. UAE has a Double Tax Treaty Agreements signed with over 40 countries which makes it a most preferred jurisdiction for setting up an offshore company. There are three Offshore Jurisdictions in the UAE.
Offshore company can be set up only through a registered agent who acts an intermediary. Key advantages of setting up an UAE Offshore Company:
In addition to UAE, we also set up Offshore Companies at following Jurisdiction:
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