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Offshore Company Formation in the UAE is a popular business jurisdiction among international business investors. The RAKICC. JAFZA and Ajman Offshore are the three Licensing authorities in UAE for registering Offshore Companies.
Offshore Companies in UAE are International Business Companies based in any of the offshore jurisdictions of UAE. They are not in the purview of the local business laws, Value-added-Tax or Corporate Tax as they are not onshore companies.
These types of companies do not have adequate substance – office space, employees, visas, business in UAE, etc. So, they are treated as offshore business entities. Offshore Companies are ideal for international trade and commerce. They cannot do business with the UAE Mainland.
UAE is the best choice for business owners looking to set up an Offshore Company. The country offers attractive options for international investors through the formation of offshore companies. There are numerous benefits for business owners in setting up an offshore company in the UAE.
Offshore Company Setup in UAE will help them optimize their international business operations, reduce tax liabilities, and maintain confidentiality.
Enjoy a tax-free status as there is no corporate tax or other taxes applicable for offshore companies in the UAE. So, it is an attractive business choice for business owners seeking to minimize their tax liabilities.
Offshore companies offer a high level of asset protection, allowing business owners to safeguard their wealth from potential legal disputes and creditors.
UAE offshore jurisdictions provide strict confidentiality and privacy protections. The details of company owners and shareholders are not publicly disclosed.
Setting up an offshore company in the UAE is relatively straightforward, with minimal paperwork and quick processing times. Annual maintenance requirements are also minimal compared to onshore companies.
Offshore companies in the UAE can engage in a wide range of international business activities. However, they are not permitted to conduct business within the UAE.
The business investor can now operate their business in UAE legally, take a residence visa and open a bank account for the newly formed company.
UAE has three offshore jurisdictions and there are individual licensing authorities that govern the operations. The Offshore Jurisdictions of UAE are the RAKICC, Jebel Ali Free Zone Authority (JAFZA), and Ajman Offshore.
JAFZA offshore is located in Dubai and the Jebel Ali Free Zone Authority oversees the company registration and functioning of the Offshore companies. Also, they handle the legislation of the Jebel Ali Free Zone as well.
The Ras Al Khaimah International Corporate Centre (RAK ICC) situated in Ras Al Khaimah Emirate is a cost-effective and robust offshore business centre. There are many business advantages for business owners in making RAKICC their international business base.
Similarly, another dynamic offshore location is the Ajman Offshore. It offers a straightforward and cost-effective option for offshore company formation in UAE.
The process of registering an Offshore Company in UAE is relatively less complex as there is minimal documentation requirement. The Business Owner’s passport copy and photograph are required.
Also, the business activity must be added to the application form. There are a few selected business activities such as online consulting and advertising, general trading and distribution, shipping services, Real estate & Intellectual Property holding, service centre operations, etc., that can be operated under the offshore business jurisdiction in the UAE.
Submit the documents for review to the licensing authority, make the fee payment and obtain the Incorporation Certificate. The Registered Agent will help coordinate the offshore company setup process. So, the business owner will have zero hassles in registering their offshore company in any of the UAE’s offshore jurisdictions.
The Offshore Company Formation in the UAE has numerous business advantages. Business owners must consider the advantages and the regulations while deciding on setting up an offshore company in the UAE.
AURION is the Registered Agent for Ajman Offshore and RAKICC and will guide business owners in the right direction. The team of expert Business Consultants will effectively onboard you to the best choice of offshore jurisdiction in the UAE.
The Business Consultants will help in leveraging the maximum benefits of the Offshore Company formation to the business owners. They will provide complete support in easily establishing an Offshore Company in the UAE.
We are well known company formation specialist in UAE. Our experts handling 17+ free zones and mainland business setup in UAE.
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