Written by Dr. Hassan Elhais Whether there is a need to restructure a business, to protect assets or simply develop an international presence for a business, one of the ways of doing so, is by opening an Offshore company.
There are three authorities in the UAE in which an offshore or International Company can be registered. These are; Jabel Ali Free Zone (JAFZA) In Dubai, Ras Al Khaimah Investment Authority (RAKIA) and Ras Al Khaimah Free Trade Zone (RAKFTZ) In Ras Al Khaimah.
It must be noted that an Offshore company can conduct business outside the UAE, but generally not within.
Permitted Activities inside of the country are:
Offshore companies may be 100% owned by expatriates. Often used as asset, property or holding companies for other businesses inside or outside the UAE.
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