Offshore

Dubai has opened its doors wide to the business world. The emirate has done a tremendous job in building the ideal workspace, be it in the offshore, free zone, or mainland. They have not compromised on the quality of the infrastructure or any other service for that matter. Investors from across the globe are planning for offshore company formation in Dubai for various reasons, which are as follows:

• Business-friendly policies with access to global funding.
• Providing a mechanism for separating or protecting assets, such as intellectual property, from running businesses.
• Providing tax-free revenues on overseas earnings with a stable legal system.
• It acts as a doorway for global market investors.
• Over 40 nations have Double Tax Treaty (DTT) arrangements with the UAE.

Jebel Ali Free Zone (JAFZA) and Ras Al Khaimah (RAK) are the two main offshore jurisdictions in the UAE. Both of these are “tax-free” jurisdictions, meaning they have no income or corporation taxes and allow 100% foreign ownership.

Setting up an offshore business in Dubai has become a life goal for many, and the demand for offshore companies is on the rise