The offshore company registered in the UAE get a registration certificate that allows international business not conducted with parties based in UAE.
It is, however, allowed to own assets in UAE, like property and shares and allowed to raise invoices to receive funds from abroad pay international bills and also have a bank account. No physical office is allowed nor does it get a trade licence to do business inside UAE.
The Tax structure is – No VAT on international billing outside GCC. No income tax.
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