A company can be established offshore, that is away from the UAE mainland and not in a free zone. You could establish an offshore company in RAK Offshore (officially the Ras Al Khaimah International Corporate Centre or RAK ICC), which is a Company Registry containing details of offshore companies; or overseas. The British Virgin Islands, Cayman Islands, and Mauritius also offer excellent venues An offshore company is a legal business that is established with the intention of operating outside its registered jurisdiction or location of ownership. In the majority of cases, offshore companies do not need to occupy physical office space, but in turn, cannot undertake extensive any business activities in the country of its origin. when setting up your offshore company.
Offshore companies can be created and owned by individuals or institutions, and shares can be easily and freely transferred by a written instrument.
Offshore company formation in Dubai is a fast-growing sector of new business setup in the country. It is typically built with provisions to minimize or eliminate taxes associated with property sales, capital gains, value-added tax (VAT), death duties, and profits on business earnings.
