Set Up an Offshore Company in the UAE
Hassle-free and affordable business setup solutions for new Offshore Business in UAE
Offshore Companies are businesses incorporated outside of one’s country of residence. The UAE is a progressive country with extensive commercial opportunities making it a global hub for business enterprises.
- Send an Enquiry
- Get Free Consultation
- Make the Initial Payment
- Submit the Documents
- Proceed to Incorporation
Offshore Companies are businesses incorporated outside of one’s country of residence. The UAE is a progressive country with extensive commercial opportunities making it a global hub for business enterprises. For offshore set up there is an ideal tax-efficient structure to do international trade. Other benefits that come with the offshore company formation in Dubai are a gateway to international markets, business-friendly legal systems, global funding, to hold assets of subsidiary Companies, act as holding company and a base to protect assets.
The three prime authorities offering Offshore Companies in the UAE are Jebel Ali Free Zone (JAFZA), Ajman Free Zone ( AFZA) and the Ras Al Khaimah (RAK). A Free Zone pledges “tax-free” jurisdictions that levy no income tax or corporate tax and permit 100% foreign ownership. Plus, the UAE has Double Tax Treaty agreements with over 40 other countries.
Offshore Companies are permitted to open multi-currency accounts in the UAE and carry out business internationally. They are not legalised to carry on business with persons resident in the UAE or have physical premises within the UAE.
All above free zones come with a set of temping advantages; while RAK and AFZA are cost-effective, JAFZA allows legal permission to own property in Dubai and easy to open a bank account in Dubai.
As per local company law, all above three RAK International Companies (RAKICC), Ajman Free Zone ( AFZA) and JAFZA Offshore Companies are accountable to appoint an approved registered agent.
Off shore company formation in Ajman was initiated in 2014. It comes under the regulations of Ajman Free Zone authority. It is a popular choice for off shore company formations as it comes with a host of benefits like zero tax structure, quick and cost-effective registration processes, the privilege to open a bank account in the UAE and worldwide, complete confidentiality about shareholders and directors, 100% capital and profit repatriation and foreign ownership. An off shore set up in Ajman can conduct multiple businesses with a single license.
Ras al Khaimah is an hour’s drive from Abu Dhabi and is growing at a rapid pace in the faculty of multiple industries and broadcasts a GDP growth of 26% in the manufacturing sector. RAK makes great business sense as cost of doing business is 25 to 50 % lesser than the rest of the UAE making it lucrative for quicker growth and bigger returns on investment.
The JAFZA was formed in 1985. It is an industrial area surrounding the Jebel Ali Port, one of the world’s biggest shipping ports. Companies based here enjoy exemption from corporate tax for 15years, zero personal income tax nil duties on imports and exports, no limit on currency and easy labour recruitment procedures.