Offshore

OFFSHORE

Any legal entity established with the purpose of making a profit, outside the country of residence is an offshore company. Such a company is often formed in a tax-free haven or an offshore financial center and is also known as an International Business Company (IBC) or Non-Resident Company (NRC). Being a Non-Resident Company means that shareholders do not get visas and there is no physical office for offshore companies in UAE. Furthermore, Dubai offshore companies are not issued an operating license which means they cannot conduct manufacturing, trading, or professional services in UAE. They are often incorporated for the purpose of managing offshore wealth, mutual funds, properties, hotels, etc. They are only granted certificates of incorporation.

Let EFT enable you to make favorable use of local and international jurisdictions for global and growing business operations. Offshore or non-resident companies are not permitted to conduct any business within their jurisdiction of incorporation, while they must be an entity within, while incorporators could be domiciled locally or abroad, the company must operate exclusively outside the jurisdiction of incorporation.