Does Dubai provide Offshore Companies?
In addition to the jurisdictions around the world, Dubai too provides this service. Regulated from the Jebel Ali Free Zone, the Offshore Company can have a number of useful applications to resident and foreign investors. It can be used as a special purpose vehicle for property purchase in the United Arab Emirates with a view to mitigating foreign taxes and/or ensuring the asset is passed on as per your wishes in the event of your demise. Very few foreign investors consider the implications of Sharia Law in the event of their demise on their assets in the UAE. The company can be used to purchase assets elsewhere in the world too and can facilitate an application as a Branch in the JAFZ (Jebel Ali Free Zone) for a full trading license. Salient features are as follows:- • 100% foreign ownership is allowed. • Company can own real estate properties on Palm Islands, or any properties owned by Nakheel Company LLC or any other real estate properties approved by the JAFZ Authority. • Company ca
