Business Set Up Offshore
The UAE offshore company refers to a company that does not conduct physical business activities in the UAE but is established following the local corporate laws and regulations. The biggest advantage of setting up an offshore company is the access to the favorable tax exemption policies. The capital can be freely repatriated or transferred, and investors can operate overseas without a physical office in the UAE. However, setting up an offshore company, investors are not able to apply for visa under the company name and cannot conduct business activities in the UAE. There are three free zones where offshore companies can register in the UAE—RAKICC, JAFZA and AFZ. Onshorer has the registered agency license of RAKICC and is regarded as its only official Chinese agent.