Offshore Companies
Offshore Companies in Dubai
Offshore Companies, also known as International Business Companies (IBC), are non-resident entities incorporated in tax-free jurisdictions outside the UAE but with a registered office in Dubai. Governed by the laws of their incorporation jurisdiction, these companies are not allowed to conduct business within the UAE. Offshore Companies are primarily used for holding assets, such as real estate or intellectual property, and for wealth management. They are ideal for individuals or businesses seeking asset protection, confidentiality, and tax optimization.
Benefits of Offshore Companies
- Office or industrial premises rental not required.
- Tax optimization available.
- International financial diversification facilitated.
- Chamber of Commerce registration not mandatory.
- Conducting business within the Middle East, excluding the UAE, is easier.
- Residence visa not necessary .
- Guaranteed privacy, confidentiality, and asset protection.
- Corporate bank accounts offer multi-currency options.
- Personal taxes not levied.
- No foreign exchange controls or trade barriers exist.
- Establishment of company account possible.
- Can serve as intermediaries in transactions between your company and foreign entities.
- Full ownership allowed.
- Holding shares in UAE Free Zone companies and LLCs is permitted.
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