OFFSHORE COMPANY REGISTRATION

Any legal entity formed with an aim to generate profit, outside the country of residence, is termed as an offshore company. An offshore company can also be well-established in a tax haven or an offshore financial hub and may be referred to as an International Business Company or Non-Resident Company. This will mean that being a Non-Resident Company, the shareholders will not get any visa, and there is no physical office in the UAE for an offshore company. Moreover, Dubai offshore companies are not issued an operating license, which means they cannot conduct any kind of manufacturing, trading, or professional services in the UAE. They are often set up for the purpose of managing offshore wealth, mutual funds, properties, hotels, etc. They are only given a certificate of incorporation.

JAFZA Offshore Company Formation

Jebel Ali Free Zone is, in fact, a real catalyst for big investments and large-scale businesses. It happens to be one of the biggest and one of the fastest growing free zones of the UAE. Jebel Ali houses more than 7,000 companies including over 120 Fortune Global 500, hence a very promising location for setting up an offshore company. It is located between Dubai and Abu Dhabi, has the largest man-made seaport in the world, provides an excellent environment for logistical activities, and boasts excellent infrastructure and an enviable client list.

Since 2003, JAFZA has formally allowed offshore setups to open up in its Free Zone, under the Jebel Ali Free Zone Offshore Companies Regulations.

Offshore companies in JAFZA can be formed by individuals as well as companies.

RAK Offshore Company Formation

Investors who want to incorporate in the UAE but don’t plan on conducting business in the local markets also have the option of Ras al Khaimah offshore company formation. As with JAFZA offshore company formation, an offshore company in Ras al Khaimah enjoys asset protection and minimal corporate tax liabilities. However, the business setup costs less. Call us today to discuss your specific needs with our RAK Offshore company formation team.

Ajman Offshore Company Formation

Setting up an offshore company in Ajman is relatively inexpensive, and it also can be set up rather quickly. Ajman offshore companies are also considered non-resident companies; they are not given operating licenses but instead are issued a company incorporation certificate. An Ajman offshore company shall not be allowed to conduct business within the United Arab Emirates, but it does allow its shareholders to invest in UAE-based companies.

The director or shareholder is compulsorily required to be present at the office of Ajman Free Zone along with a registered agent, and the signing should be done in person. Moreover, the offshore companies should carry out yearly audits and conduct annual general meetings in the presence of an auditor.

Documents Requirment

• Applicant’s Personal Profile or CV

• Passport Copy (passport must be valid for at least 6 months)

• Proof of residence

• Bank of reference

• Legal corporate documents