Offshore Company Formation

Offshore Company Formation

An offshore company or also known as an International Business Company is a legal entity. It is for those who do not conduct their business in the UAE but need a UAE address. They are non-resident companies which mean that shareholders do no get a visa or a physical office in the UAE. These offshore companies do not get an operating license which means they cannot manufacture, trade or do business within the UAE. They provide zero tax which improves wealth management and lessens the burden of the tax.

Here Are The Advantages Of Offshore Company In UAE

1. 1. Protection against lawsuit judgments
   2. Can maintain corporate bank accounts (multiple current accounts) in UAE
   3. 100% foreign ownership
   4. Absolute privacy, confidentiality, and protection of assets and information
   5. Own an International Company and take advantage of more than 47 UAE double tax treaties
   6. No annual audit report needs to be submitted to the authorities
   7. Ability to own for example real estate property in U.A.E., patents, trademarks