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:
ย | OFFSHORE | FREE ZONE |
ย ย 1. VAT and other related taxes |
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ย ย 2. Office space |
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ย ย 3. Employment visasโ |
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ย ย 4. Privacy and Secrecy |
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ย ย 5. Business activity |
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ย ย 6. Minimum share capital |
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