Offshore

Offshore companies in the UAE can open bank accounts but cannot issue work visas or maintain physical offices. They are ideal for holding companies, offering financial, legal, and tax benefits for international operations. Free zones like JAFZA and RAKICC allow offshore companies to own real estate in the UAE. Advantages include low startup costs, fast incorporation, 100% tax-free status, full foreign ownership, no paid-up share capital or audit requirements, and the ability to hold multiple bank accounts.