Any legal entity established with the purpose of making a profit, outside the country of residence is an offshore company. Such a company is often formed in a tax-free haven or an offshore financial center and is also known as an International Business Company (IBC) or Non-Resident Company (NRC). Being a Non-Resident Company means that shareholders do not get the visa and there is no physical office for offshore company in UAE. Furthermore, Dubai offshore companies are not issued an operating license which means they cannot conduct manufacturing, trading, or professional services in UAE. They are often incorporated to manage offshore wealth, mutual funds, properties, hotels, etc. They are only granted a certificate of incorporation.

• Cost-effective management of offshore assets

• Asset protection

• Privacy and confidentiality

• Tax optimization

• Expansion of business units

• Diversification of the financial bucket

• An existing company’s address can be used as an address for the offshore company

• Zero or low taxes

• 100% foreign ownership with no involvement or sharing with a local UAE citizen

• Duty-free environment

• Uninterrupted repatriation of profits and proceeds

• Highest standards of secrecy and privacy

• Making transactions with other businesses

• Virtual office facility, no physical space is required for the incorporation of an offshore company

• No audit is required for offshore company in Dubai

• Zero or low capital requirement and less maintenance and management costs

• Massive overheads savings

• Incorporation and registration can be done as quickly as within 3 days

• Can open corporate bank accounts and hold multiple currencies

• No restrictions on the number of directors. Even the shareholder himself is enough if he is capable to run all the business operations across the country.

• Advanced UAE infrastructure and supreme privileges