Dubai Offshore Company Setup
Dubai has embraced the global business community with open arms, creating an exceptional environment for enterprises. The emirate’s remarkable efforts have resulted in the development of optimal workspaces, whether in offshore zones, free zones, or the mainland. There has been no compromise in upholding the quality of infrastructure and services. Entrepreneurs worldwide are strategically considering establishing offshore companies in Dubai due to the following factors:
- Enactment of business-friendly policies granting access to international funding.
- Provision of mechanisms to safeguard assets, including intellectual property, from core business operations.
- Offering tax-exempt proceeds from foreign earnings within a robust legal framework.
- Serving as a gateway for global market investors.
- Extensive Double Tax Treaty (DTT) agreements with over 40 countries.
- Jebel Ali Free Zone (JAFZA) and Ras Al Khaimah (RAK) stand out as the main offshore jurisdictions in the UAE. Both are designated as “tax-free” areas, characterized by the absence of income or corporation taxes and the allowance of 100% foreign ownership.
The aspiration to establish an offshore enterprise in Dubai has evolved into a prominent life goal, with escalating demand for offshore entities.