Differences between Offshore and Free zone business setup in UAE
Investors have the liberty to choose from the mainland, free zone and also offshore business setups in UAE. Although, businesses/companies in the mainland jurisdictions may not be incentivized like free zone and offshore.
Similarities between offshore and free zone:
- Complete foreign ownership of an entrepreneur
- Complete repatriation of profits
Differences between offshore and free zone business setup in UAE:
OFFSHORE | FREE ZONE | |
1. VAT and other related taxes |
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2. Office space |
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3. Employment visas’ |
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4. Privacy and Secrecy |
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5. Business activity |
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6. Minimum share capital |
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