Business Setup

An offshore company is a legal entity incorporated outside the investor’s home country. The company does not operate inside the country in which it is incorporated. One of the categories that established business investors frequently choose is offshore. Any legal entity established with the purpose of making 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 International Business Company (IBC) or Non-Resident Company (NRC). Being a Non-Resident Company means that shareholders do not get visa and there is no physical office for offshore company in UAE. Furthermore, Dubai offshore companies are not issued an operating license which means they cannot conduct manufacturing, trading or professional services in UAE