FAQ – OFFSHORE

What is an Offshore Company?

A company incorporated with certain offshore jurisdiction to operate worldwide but without any tax liability at the incorporated jurisdiction. An offshore company is a very important tool to operate and control wealth management.

Do I get residence visa when I open an Offshore Company in UAE?

No, for that you need to have a limited liability company or a free zone company.

Can an Offshore Company open a bank account in UAE?

Yes, within the limits of central bank rules and regulations.

What are the commonly used jurisdictions in UAE?

Jebel Ali Offshore, RAK Offshore.

Can an Offshore Company become a shareholder of an LLC or a Free Zone Company?

Yes an offshore company can hold shares in an LLC or a free zone company.

Can an Offshore Company trade in UAE?

No it cannot conduct business in UAE.

Can an Offshore Company buy a real estate property in UAE?

Yes.

What is the purpose of incorporating an Offshore Company?

Generally offshore companies are opened for the purpose of holding company, holding investments, real estate protection, tax savings and to own intellectual property.

If I need to know more, what do I do?

Just contact us for more details.