Offshore

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Offshore Company Formation in UAE

Offshore Company Formation in Dubai

Offshore companies in the UAE are issued a Certificate of Incorporation, not an operating license. This makes Dubai offshore company formation straightforward, but understanding registration procedures and rules is crucial.

We simplify the entire process, helping you save time, money, and effort by providing the fastest and most secure way to set up your offshore company.

What is an Offshore Company in UAE?

An offshore company in the UAE is a corporate entity established within designated free zones, primarily for conducting business activities outside the UAE. Key advantages include:

  • Tax benefits
  • 100% foreign ownership
  • Confidentiality
  • Limited liability

Offshore companies are ideal for international trading, asset holding, and global investments.

Benefits of an Offshore Company in Dubai

  • Steady and conducive legal framework
  • Adaptable regulatory environment
  • Tax impartiality
  • Asset protection
  • Access to global markets and international funding sources

Selecting the Right Jurisdiction

Consider factors like applicable laws, geopolitical climate, business nature, and types of assets to be held.

Types of Offshore Company Options in UAE

  • RAK International Corporate Centre (RAK ICC)
  • Jebel Ali Free Zone Authority (JAFZA)
  • Ajman Free Zone (AFZ)

All allow full foreign ownership and operate as tax-free zones.

Documents Required

  • Copy of Passport
  • Passport-sized Photographs

Setting Up an Offshore Company: Step-by-Step Guide

  1. Choose Your Business Structure
  2. Open an Offshore Bank Account
  3. Consider Cost Factors
Offshore Company in Ajman Free Zone
  • Elevate Your Business Horizons with Effortless Setup for Success.

    Ajman Free Zone offshore company offers progressive infrastructure and is open to a wide range of businesses, including trading, consultancy, and holding companies. The free zone is fast-growing, seeing 45% growth in certain sectors.

    Advantages of Setting Up Your Offshore Company

    1. Confidentiality: No requirement to publish financial information or share directors’ & shareholders’ details publicly. No mandatory audits.
    2. Fewer Liabilities: Protection of company assets in case of legal pursuits. Creates a legal barrier between company resources and third parties.
    3. Avenue to International Expansion: UAE-based address creates credibility, opening opportunities for international partnerships. Allows opening a UAE bank account for global transactions.
    4. Tax Incentives: Exempt from the 9% UAE corporate tax implemented in 2023, as offshore companies cannot operate within the country.

    Ajman Free Zone (AFZ)

    Benefits:

    • Close to Ajman port and Dubai/Sharjah airports
    • Quick incorporation (few days)
    • Can hold shares in UAE free zone companies & LLCs
    • No physical office required
    • Cost-effective option

    Types of Offshore Companies in Ajman Free Zone

    • Holding Company
    • General Trading
    • Professional Services
    • International Services
    • Investments
    • Shipping & Ship Management
    • Advisory & Consulting Services
    • Property Owning
    • Brokerage
    • Online Advertising

    Requirements for Setting Up an Offshore Company in Ajman Free Zone

    • Application Form
    • Passport Copies of Shareholders
    • UAE Entry Stamp Page Copy
    • Original Bank Reference Letter from all Shareholders
    • Proof of Residency for all Shareholders
    • Curriculum Vitae or Profile of Shareholders
    • Additional documents for corporate shareholders

    Steps in Setting Up Your Offshore Company in Ajman Free Zone

    1. Choose company name & activities
    2. Find a registered agent
    3. Submit application & documents
    4. Prepare MOA & AOA
    5. Open corporate bank account
Offshore Company in JAFZA
  • Your Gateway to Effortless Offshore Company Formation

    Jebel Ali Free Zone Authority (JAFZA) is a benchmark for company setup, blending efficiency with corporate excellence. It offers a strategic gateway to global markets with competitive pricing, reflecting JAFZA’s commitment to fiscal transparency and business viability.

    Advantages of JAFZA Offshore Company Formation

    1. Discretion and Privacy: Keeps sensitive financial data and personal details private. Exempt from mandatory audits.
    2. Enhanced Asset Protection: Safeguards assets in legal scenarios, protecting company and investor interests.
    3. Gateway to Global Markets: Elevates business reputation, facilitates international collaborations, and grants access to UAE bank accounts.
    4. Favorable Tax Conditions: Enjoys tax exemptions as companies operate outside the UAE, despite the new 9% corporate tax rate.

    Jebel Ali Free Zone (JAFZA) Benefits

    • Exclusive property ownership in Dubai
    • Flexible directorship options
    • No physical office requirement
    • Strategic investment opportunities in UAE free zone companies and LLCs
    • Efficient registration process

    Types of Offshore Companies in JAFZA

    • Banking
    • Insurance
    • International Trade
    • Holding Companies
    • Property Owning
    • Registration of Copyrights & Patents
    • International Consulting

    Requirements for JAFZA Offshore Company Setup

    • Application for Certificate of Incorporation
    • Passport Copy of Shareholders
    • Curriculum Vitae of Shareholders
    • Recent 6-month Bank Statement
    • Certificate of Good Standing
    • Proof of Residency (for individual shareholders)
    • Additional documents for corporate shareholders

    Cost of Setting Up an Offshore Company in JAFZA

    The average JAFZA Offshore Company Formation fee is around AED 18,000, varying based on business structure, activities, and other factors.

    Steps in Setting Up Your Offshore Company in JAFZA

    1. Determine company name & activities
    2. Select a registered agent
    3. Prepare the MOA & AOA (in English)
    4. Submit relevant documents
    5. Open a corporate bank account
Company in RAK ICC
  • Elevate Your Global Reach

    Entrepreneurs seeking to broaden their business scope have a golden opportunity with RAK ICC company formation in the UAE. These offshore entities, incorporated in the Ras Al Khaimah International Corporate Centre (RAK ICC), operate primarily internationally while offering the benefit of limited liability.

    A RAK ICC offshore company can serve various purposes, including:

    • International trading
    • Shipping
    • Patent management
    • International consulting
    • Real estate ownership
    • Copyright registration
    • Acting as holding companies

    Advantages of Setting Up Your RAK ICC Offshore Company

    1. Confidentiality: No requirement to publish financial information or share directors’ & shareholders’ personal details publicly. No mandatory audits.
    2. Fewer Liabilities: Well-protected company assets in case of legal pursuits. Creates a legal barrier between company resources and third parties.
    3. Avenue to International Expansion: Provides a UAE-based address, boosting credibility and opening opportunities for international partnerships. Allows opening a UAE bank account for global transactions.
    4. Tax Incentives: Exempt from the 9% UAE corporate tax implemented in 2023, as offshore companies cannot operate within the country.

    Ras Al-Khaimah International Corporate Centre (RAK ICC)

    Benefits:

    • Single-day incorporation process
    • No restrictions on shareholder numbers
    • No physical office requirement
    • Access to common law courts (ADGM and DIFC)
    • Variety of legal structures available

    Requirements for Setting Up an Offshore Company in RAK ICC

    For Single Shareholder:

    • Notarized Passport Copies
    • Bank Reference Letter
    • Proof of Residency
    • Curriculum Vitae
    • Bank Statement (last six months)

    For Multiple Shareholders:

    • Attested Business License or Incorporation Certificate
    • Attested Memorandum of Association
    • Attested Shareholder’s Resolution
    • Passport Copies of Directors and Shareholders
    • Certificate of Good Standing
    • Incumbency Certificate

    Steps in Setting Up Your Offshore Company in RAK ICC

    1. Select company name & activities
    2. Consult a registered agent
    3. Submit required application documents
    4. Make required payments
    5. Open Your Corporate Bank Account

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