Understanding UAE Offshore Company Setup
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An offshore company is a business entity established in a jurisdiction outside the country of residence of its stakeholders. These entities are typically formed in jurisdictions that offer favourable tax regimes, asset protection, confidentiality, and ease of doing business.
UAE offshore companies or UAE Offshore International companies, offer benefits such as tax exemptions, full foreign ownership, confidentiality, and limited liability.
However, it's essential to understand that these companies are restricted from participating in local UAE trade. Their main purposes typically include international trading, asset holding, or facilitating global investments.