Offshore companies are an innovative type of legal entity that is established within a country but operates outside the borders of the founding states.
Given that the United Arab Emirates is on par with global modernity and competes in innovation across all business sectors and trade exchanges.
Offshore companies have been established in the UAE in the following regions:
One of the main characteristics that distinguish offshore companies worldwide and attract most investors to establish and operate such companies includes:
Exemption from the tax system in the founding and exporting country, as indicated in its founding certificate.
Flexibility of the commercial systems for offshore companies.
Confidentiality: Owners, chairpersons, and managers are not mentioned on the commercial licenses issued, which ensures speed, ease, and confidentiality in dealing with some investors and businessmen worldwide.
Offshore companies are not permitted to operate within the founding country - the UAE - or engage in commercial or professional deals with any natural or legal person within the UAE.
Offshore companies are permitted to own properties within the UAE in areas where ownership is permitted, according to the prevailing legislation.
ILS Consultancy's team of specialized consultants provides all investors and businessmen with comprehensive information regarding the conditions for establishing offshore companies, their powers, and their characteristics. Our office offers the support you need for offshore company setup and obtaining all the necessary approvals.
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