OFFSHORE COMPANY FORMATION
Offshore Company Formation in the UAE
Amongst many company formation jurisdictions, offshore holds a prominent role in international business. Due to the continuous trading reforms by the UAE government, many foreign investors and small startups are making their way into the UAE through the offshore platform.
An offshore company is a legal business entity, where investors can start a business internationally, outside its registered jurisdiction and location of ownership. Normally, offshore companies are established in countries with very low tax regimes on the capital gains of a company. As such, the UAE is a tax haven for several company formations.
Offshore companies can be registered in Freezones, enjoying all the benefits, but cannot be considered a direct substitute for a free zone.
Key Aspects of An Offshore Company
- Easy access to corporate and private bank accounts
- Companies must accurately follow the KYC (Know Your Customer) process, to avoid unethical practices such as identity theft, money laundering, financial scams, etc
- Offshore companies can perform only a few commercial and profitable activities within the UAE. They are often used as holding companies
- Offshore companies cannot conduct trade with any person residing in the UAE
- Trade licenses and visas are not authorized to any offshore companies
Offshore
Company
Jurisdictions
In 2016, Ras Al Khaimah (RAK) announced the launch of RAK ICC, a corporate registry for
business setups in the UAE. With the highest level of industrialization in the UAE, RAK built its
reputation on a business friendly environment and competitive costs. New companies may own
or rent real estate properties in the designated areas of the UAE and approved by the Ras Al
Khaimah Freezone Authority.
The Jebel Ali Freezone Authority (JAFZA) is one of the world’s biggest shipping ports and the only offshore jurisdiction in Dubai. It has been deemed an excellent location for many international and growing businesses in Dubai. It is a worldwide commercial and manufacturing hub with guaranteed confidentiality policies.
A JAFZA offshore company requires a minimum of one shareholder, one secretary, and one director for formation. The duration of company formation usually takes 15-30 working days.
Offshore Company Benefits
- Full ownership of intellectual property
- Simple and expeditious registration procedures
- Access to a stable and business-friendly legal system
- Asset protection and secured investments
- Exemption from personal tax
- Protection of personal assets and privacy on monetary matters
- Low operational cost and no requirements for minimum share capital
- No repatriation of capital and zero export-import duties
How can INCORP help you?
Company Formation Specialists
Expert Advice and Consulting
Hassle-free Methods
No Extra Costs
Licensing Support
Our Services
MAINLAND COMPANY SETUP
Setting up your office in Dubai Mainland promises thriving investment opportunities. We are specifically offering you the most sought-after business environment, to actively reach the multicultural audience and expand to the local UAE market.
FREEZONE COMPANY SETUP
A modern economic boost to both aspiring entrepreneurs and established multinational corporations. With world-class amenities and commercial benefits, we are here to assist new clients set up their dream companies in their aspired Freezones.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
BUSINESS SETUP ADVISORY
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
tax residency certifictae (trc)
Safeguard your tax status in the UAE with the aid of a TRC. Collaborate with Incorp to avail the numerous lucrative advantages of how a TRC can help to avoid being doubly taxed in different nations.
PRO SERVICES
A successful business can only operate efficiently with professional PRO services. We provide unconstrained and versatile services for the smooth initiation and transparency of your business plan.
MAINLAND COMPANY SETUP
Setting up your office in Dubai Mainland promises thriving investment opportunities. We are specifically offering you the most sought-after business environment, to actively reach the multicultural audience and expand to the local UAE market.
FREEZONE COMPANY SETUP
A modern economic boost to both aspiring entrepreneurs and established multinational corporations. With world-class amenities and commercial benefits, we are here to assist new clients set up their dream companies in their aspired Freezones.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
BUSINESS SETUP ADVISORY
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
tax residency certifictae (trc)
Safeguard your tax status in the UAE with the aid of a TRC. Collaborate with Incorp to avail the numerous lucrative advantages of how a TRC can help to avoid being doubly taxed in different nations.
PRO SERVICES
A successful business can only operate efficiently with professional PRO services. We provide unconstrained and versatile services for the smooth initiation and transparency of your business plan.
Frequently Asked Questions
In the UAE, offshore jurisdiction is a legal business entity, where new investors operate their business outside the location of jurisdiction. These companies enjoy the benefits of tax-free policies, flexible regulatory regimes, and access to the global market.
The different offshore jurisdictions for company formation in the UAE are the Ras Al Khaimah International Corporate Centre (RAK ICC) and the Jebel Ali Freezone Authority (JAFZA) Offshore. You can set up your business in either of these jurisdictions with the help of Incorp.
To set up an offshore company in the UAE, you will require a business plan, passport copies of Shareholders and Directors, and proof of address. This process usually takes 2-8 weeks, depending on the submission of documents and final approvals.
UAE offshore companies are not issued any operating licenses and are only given a certificate of incorporation.
No, offshore companies are restricted from renting any office facilities within the UAE.
You can own a property anywhere in the UAE, under your offshore company registered under the authorities like RAK ICC or JAFZA.
