Offshore Company Setup Services in UAE

Company Liquidation Services in Dubai

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

Why do companies need to check asset classification during the pandemic?
The pandemic changed the business environment. Companies must update asset types to follow IFRS 9 rules.
What’s the main challenge in ECL calculations during COVID-19?
There’s more credit risk and less certainty. Companies need to update ECL models with new data and more checks.
Should companies change their ECL models now?
Companies should use overlays instead of changing the main model. Overlays help reflect new risks.
Why is sensitivity analysis important for ECL?
Sensitivity analysis shows how changes in variables affect ECL. This helps companies make better decisions.
Who can help with IFRS 9 assessment in UAE?
Mubarak Al Ketbi (MAK) Auditing helps companies with IFRS 9 models, reviews, and compliance checks.

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