Offshore companies are permitted to open a bank account in the UAE, however, they cannot issue work visas or have a physical office within the country. Offshore licenses are typically used as holding companies and are mainly incorporated for operations in foreign countries with financial, legal and tax benefit purposes.
Offshore companies need not pay any corporate tax for their profits.
To set up an offshore company in Dubai you may proceed with various approvals and documentations from the governments such as passport, visa, MoA, etc. Or you can simply give a call to A&A Associates for quick, effective and easy offshore business setup in Dubai.
An offshore company in the UAE has the advantage of keeping a virtual office while reaping the benefits from the UAE market, while also requiring very low capital and tax jurisdictions.
