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Offshore companies are established for a variety of reasons including a company's necessity to restructure, create an international business entity as well as protect the assets of the company.
The United Arab Emirates (UAE) is home to three authorities that register International or offshore companies. The three UAE authorities that register offshore companies are Ras Al Khaimah Investment Authority (RAKIA), Jebel Ali Free Zone (JAFZA) as well as Ras Al Khaimah Free Trade Zone (RAKFTZ).
Benefits of the UAE Offshore Company:
Offshore companies operate outside the UAE. Offshore companies are allowed several activities within the UAE. These include:
Offshore companies are commonly used as property, asset as well as holding companies for other companies that operate either within the UAE or outside the UAE. Expatriates may hold complete ownership of an offshore company.
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