Business News, Business Setup, Free Zone, Offshore Company, Startups
Differences Between an Offshore and a Free Zone Company
11
Jan
Jan
What is offshore company?
A lot of people mistake a Free Zone company for an Offshore Company and vice versa. This is because of some major similarities like the fact that they can both be owned fully (100%) by an expat without having to associate with a local sponsor and the fact that both companies are registered and licensed by Free Zone Authorities. Apart from these two facts, they are both setup for completely different purposes.