Dubai is a popular destination for offshore company formation due to its favourable tax and business environment. An offshore company in the United Arab Emirates (UAE) is a type of company that is established in one of the UAE’s offshore jurisdictions, such as Jebel Ali Free Zone, Ras Al Khaimah Free Trade Zone, or Dubai International Financial Centre (DIFC). These offshore jurisdictions provide a favourable environment for international companies to set up their business operations, and they are subject to their own set of laws and regulations.

Offshore companies in the UAE are typically used for several purposes, including tax planning, asset protection, and conducting international business transactions. One of the main advantages of an offshore company in the UAE is that it can offer tax exemptions, which can significantly reduce the tax liabilities of the company and its owners.

Offshore companies in the UAE can be 100% foreign-owned, which means that foreign investors can have complete control of their businesses without requiring a local partner. The process of setting up an offshore company in the UAE is straightforward, and the government has created a favourable environment for businesses looking to establish themselves in the region.

Overall, an offshore company in the UAE is an attractive option for international businesses and investors seeking to take advantage of the region’s favourable business environment, tax benefits, and asset protection.