What a UAE Offshore company may and may not do?

• It may have non UAE resident as director or shareholder.
• It may have UAE resident as director or shareholder.
• It may have corporate shareholder/corporate director

• It does not require the shareholder/director to be physically present in the UAE for incorporation (only in JAFZA required)

• It may hold shares in other UAE and worldwide companies.

• It may maintain bank accounts and deposits in the UAE or worldwide.

• It may own real estate in the UAE, (JAFZA Offshore)

• It is not obliged to maintain its books and records.
• It cannot have physical offices in the UAE.
• It may not carry on business within the UAE.
• It may not obtain UAE Residency Visa.