Offshore Company
Overview
OFFSHORE COMPANY FORMATION IN DUBAI - UAE
An Offshore Company is a legal business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership.
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The two principal jurisdictions offering Offshore Companies in the UAE are Ras Al Khaimah (RAK), Jebel Ali Free Zone (JAFZA), and Ajman Free Zone.(AFZ) all of them are “tax-free” jurisdictions that levy no income tax or corporate tax and permit 100% foreign ownership. Offshore Companies are permitted to open multi-currency accounts in the UAE and carry out business internationally. They may not, however, carry on business with a person resident in the UAE or have physical premises within the UAE. There may be many reasons to register an Offshore Company, but the general benefits of utilizing an offshore corporate structure include:
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Providing a gateway for international market expansion. Access to a stable and business-friendly legal system. Access to a more flexible regulatory regime. Offering tax neutrality on international learnings in respect of (depending on the jurisdiction) personal or company income, capital gains, and inheritance taxes. Offering better access to global funding. Providing a vehicle to separate or protect assets, such as Intellectual Property, from operating entities.
Offshore company formation offers enormous advantages for entrepreneurs and businessmen. Starting an offshore company provides confidentiality with a stable economy and ensures the highest level of safety measures. If you would like to know more about the various offshore company setup advantages offered by the United Arab Emirates.
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Minimize tax obligations setting up an offshore company can legally minimize the taxation of your business. Non-resident companies are often free from tax and enjoy various levels of taxation depending on the country.
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Low maintenance and setup cost - the procedures for setting up an offshore company are relatively simple and fast. Establishment and maintenance require lower costs when compared to others.
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Easy transactions – offshore companies can easily create a safe and seamless environment for financial transactions within the jurisdiction and from all over the world.
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Low capital and reduced administration – One of the key offshore company setup advantages is the requirement of low capital. The requirement for physical office can be overcome with virtual office services.
DOCUMENTS REQUIRED
The below documents require for offshore company formation in Dubai:
Documents from Bank indicating the Details and Bank Reference Letter
Application in the Requisite format
Business Plan
Copies of Passports of Owner and Shareholders
​Notarized Memorandum of Association (MOA)
Curriculum Vitae Indicating the Owner’s Professional Data
Copy of Passport of the Designate Manager
OFFSHORE ENTITIES
AJMAN FREE ZONE
was founded in 1988, as one of the three primary offshore jurisdictions in the UAE. AFZ has led to massive industrial developments in Ajman by attracting a significant number of businesses to benefit from the investment privileges, thus strengthening industry and trade, and the financial sector in the UAE. Ajman Free Zone provides competitive amenities and privileges allowing establishments to acquire a substantial return on their investment.
We work in close collaboration with Ajman Free Zone as a registered agent and can propose offshore company
set up services to form a bespoke offshore company in Ajman.
The company can benefit from over 40 Double Taxation Treaties (DTAAs) as well as its status as a white-listed independent jurisdiction for offshore purposes
AJMAN FREE ZONE
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RAS ALKAIMAH ICC FREE ZONE
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Offshore company is also known as RAK Incorporating your company in Ras Al Khaimah provides you with a flexible and credible option through which to run your offshore affairs. RAK offshore company incorporation requires the services of a Registered Agent. Charter house Lombard's Dubai branch is an appointed registered agent agent for the Ras Al Khaima International Corporate Center ( RAK ICC) in the United Arab Emirates. If you are considering establishing an offshore company in Ras Al Khaimah and would like to learn more about this jurisdiction and the offshore company formation services.
RAS AL KHAIMAH ICC FREE ZONE
JAFZA
Jebel Ali Free Zone is a free economic zone located in the Jebel Ali area at the far western end of Dubai, United Arab Emirates, near Abu Dhabi. Jebel Ali Free Zone is the flagship free zone of DP World, and is an integral part of the DP World UAE’s integrated business hub.
JAFZA FREE ZONE
FAQ
FREQUENTLY ASKED QUESTIONS ON UAE COMPANY FORMATION
