An offshore company is a legal entity incorporated outside the investor’s home country. The company does not operate inside the country in which it is incorporated. One of the categories that established business investors frequently choose is offshore. JAFZA is a popular offshore location in Dubai, and JAFZA offshore company set upholds a lot of advantages.
Offshore Company also often referred to as an International Business Company is a legal entity that is incorporated in a foreign country other than that of the company’s principal’s residence, i.e. shareholder, director, owner, partner etc.
An offshore company is often incorporated to reap benefits usually not available in the country of residence. These include advantages such as tax savings, tax efficiency or optimisation, asset protection from lawsuits, or merely to increase the opportunities for foreign business.
Advantages of an Offshore Company formation in UAE.
-> 100 % Foreign Ownership
-> Tax Efficiency
-> Open Multi-Currency Bank Account
-> Reduce Operational Cost
-> Better access to International funding