Businesses that want a presence in UAE for international transactions
Companies not intending to engage in business within the UAE (whether onshore or within one of the free zones) can set up an entity under the offshore regulatory system. These types of entities should not be confused with free zone entities.
Jebel Ali Free Zone (JAFZA), Ras Al Khaimah International Corporate Centre (RAK ICC) and Ajman Free zone offer the concept of offshore companies in the UAE. Offshore companies are not permitted to trade with the UAE.
Typically, offshore businesses act as holding companies and do not carry on commercial activities nor can they obtain a UAE tax residency certificate. Under the offshore regulations of certain free zones, these companies can act as a vehicle to own freehold property in onshore UAE.
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