Many businesses prefer to set up an offshore company, also known as the non-resident company, in Dubai, as the income obtained from a holding company (offshore company) is not taxable.
Other than tax savings, people prefer having an offshore company as a holding company so that they can hold:
The interest of other companies in a separate jurisdiction
Licensing of franchises
Intellectual property rights like patent, trademark, copyright, etc.
There are many features of offshore company formation Dubai like,
Complete tax exemption
Virtual office facilities
No exchange control
Provision to open a multi-currency bank account
Stringent privacy laws and reliable confidentiality
Offshore business setup in Dubai has several benefits associated with it, due to which many established businesses outside Dubai go for this option.