Definition of an Offshore Company in UAE
- Details
- Category: Offshore Dictionary
The term "offshore company" - located outside of the national boundaries - refers a company incorporated in the country having special regulations for the companies which formally are registered inside the country but carry out most or all of its business outside of the country of incorporation whereby such offshore company is taxed at 0% tax rate as according to the special provisions of the laws of that country. Some of the typical countries for offshore company registration: Belize, British Virgin Islands, Panama, Seychelles, United Arab Emirates, etc.
The offshore company in UAE. is the effective and cost-efficient instrument for assets protection and tax optimization.
The term "Offshore" can also be used for foreign banks - see "Offshore bank account, Dubai".
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