Abu Dhabi being the capital of the United Arab Emirates, is now gradually turning out to be one of the best places in the world to set up a business. The strategic location makes it one of the most sought-after places for budding entrepreneurs and businessmen all over the world.
Most of the entrepreneurs prefer setting up an offshore company. They now have a vital part to play on the economy. Offshore company formation in Abu Dhabi is a very profitable business structure for curbing the operation cost of the business, while most of the people prefer offshore business because they do not prefer the tax policies of the country.
The term offshore basically means “outside jurisdiction”. An offshore company is a legal organization which is owned both by any individuals or any corporate body and is set up outside the boundaries of its country of origin. It is to be taken care that the offshore company is not confused with a free zone company.