Saturday, April 14, 2012

Rak Offshore -Offshore companies in UAE

An Offshore Company is a Company which rarely conducts business in its country of origin. In a jurisdiction where taxation is much lower and reporting restrictions are far more flexible than the country in which you reside. Other common names for this type of company are a 'non-resident Company' or 'IBC'. The term IBC stands for 'International Business Company' or 'International Business Corporation'

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