Is offshore business setup in Dubai an option?
Key Takeaways:
- Yes, offshore business setup in Dubai is a distinct and viable option, different from mainland and free zone companies.
- Offshore companies are designed for international business activities and asset protection, not for trading within the UAE.
- They offer significant tax advantages (0% corporate tax, no income tax) and high levels of confidentiality.
- There is no requirement for a physical office space or residency visas for offshore company shareholders/directors in the UAE.
- Specific offshore jurisdictions in the UAE include Jebel Ali Offshore (JAFZA) and RAK International Corporate Centre (RAK ICC), each with its own regulations.
When exploring Business setup in Dubai, entrepreneurs often encounter various terms: mainland, free zone, and offshore. While mainland and free zone companies are designed for active trading either within the UAE or internationally from a UAE base, offshore companies serve a different strategic purpose. The answer to “Is offshore Business setup in … READ MORE ...