Offshore Company Setup Services in UAE

Offshore Companies

Registering offshore companies within a free zone enables them to avail several similar benefits, but it doesn’t serve as a direct substitute for a free zone company. The key difference lies in the scope of business operations. Offshore companies are allowed to engage in business activities outside the UAE rather than within the country. Furthermore, they do not have any minimum capital deposit requirements before incorporation. However, unlike the flexibility of operating as a free zone business, offshore companies require a sponsor, restricting foreign ownership to a maximum of 49%.

Offshore Company Setup Services Dubai, UAE

Can a business claim VAT for a customer dinner?
No, VAT on dinners for customers or potential clients is non-recoverable.
What about staff lunches during meetings?
If the lunch is part of the normal meeting, VAT is recoverable.
Are staff parties or galas VAT-recoverable?
No, parties, celebrations, or entertainment events for staff are not VAT-recoverable.
Can I recover VAT on employee gifts?
You can't recover VAT on gifts if they are entertainment in nature, like festival gifts or retirement presents.
Who helps businesses with VAT compliance in Dubai?
Mubarak Al Ketbi (MAK) Auditing offers expert help for VAT registration, recovery, and compliance in Dubai.

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