Any legal entity established with the purpose of making a profit, outside the country of residence is an offshore company. Shareholders do not get visas based on Offshore company and there is no physical office requirement. UAE offshore companies are not issued an operating license they only be issued with a Certificate of Incorporation which means they cannot conduct business activity in UAE.

There are three Jurisdictions available in UAE for offshore company formation and they are JAFZA (Jabel Ali Free Zone Authority), RAKICC (Ras Al Khaimah International Corporate Centre), and AFZA (Ajman Free Zone Authority).

• 100% foreign ownership.
• 100% tax exemption on corporate income
• 100% repatriation of capital and profits
• Option to purchase real estate in approved areas
• Low Set up Cost
• Freedom to open Multicurrency bank accounts for engaging International Business transactions