UAE OFFSHORE BUSINESS SETUP

UAE OFFSHORE BUSINESS SETUP

UAE Offshore is mainly based on executing, managing and operating in foreign countries with benefits in financial, legal and tax. It helps you to run your business or asset ownership in the Middle East in the most profitable manner.

Offshore is the process in which the company operated or managed outside of the country in which it is registered or outside of the country in which owners and shareholders have residence. Means both you will have an offshore license and definitely can open a company bank account inside the country only without bringing any business or products inside the UAE.

To proceed with UAE offshore incorporation requires an agent, you will need to choose one in order to register your company. Future Vision will assist you accordingly from A-Z complete formation of offshore license up to bank account opening.

BENEFITS OF OFFSHORE COMPANY FORMATION IN UAE

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Exemption from Corporate Taxes

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100% Foreign Ownership

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Simple Registration Procedures and Cost Efficiency

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Low Operational Costs

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No requirement for any minimum share capital.

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Transferable Shares

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Limited Liability

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Can be used for international trading, asset protection, tax planning, acquiring real estate properties in the designated areas of UAE, holding and other type of business.

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RESTRICTIONS OF OFFSHORE COMPANY FORMATION IN UAE

UAE Offshore Company formations are not generally permitted by the Regulations to carry on any commercial operations within the UAE.

The activities expressly prohibited under the regulations are banking, insurance and financial services. The Authorities shall have the power to add other activities to the list of prohibited activities.

Own an interest in real estate property situated in UAE except in the designated areas of UAE as approved by the authorities.

UAE OFFSHORE

RAKICC OFFSHORE

RAKICC OFFSHORE

RAK Offshore Company

RAK offshore or RAK IBC is usually used as synonym for an offshore company registered with RAKICC in the Emirate of Ras Al Khaimah. Before the consolidation of the corporate registry in 2016, RAK Offshore existed as an independent as part of RAK Investment Authority.

RAK International Corporate Centre (RAK ICC or RAKICC) is a Corporate Registry established in the Emirate of Ras Al Khaimah, United Arab Emirates. It is the international business company that can carry out business internationally or act as a holding company. RAK ICC does not keep any public register relating to company shareholders or officers. This information is kept confidential in accordance with the applicable laws. There is no accounting or reporting requirements for RAK offshore companies. Offshore companies are exempt from all taxation in the United Arab Emirates. RAK offshore company requires a minimum of 1 director and 1 shareholder.

JAFZA Offshore Company

Jafza Offshore is a well-known type of Offshore Company which is registered by Jebel Ali Free Zone Authority. It’s allowed to have a bank account in UAE but carry out the business outside of the country of its incorporation.

Furthermore, JAFZA Offshore is one unique advantage of JAFZA Offshore is the fact that this type of company is allowed to hold real estate property in Dubai. Jafza Offshore is the most cost-efficient way to hold property under a company rather than your personal name.

Personal presence of the shareholder is required one time for submission of the corporate documents for registration. JAFZA Offshore should have at least one shareholder but min. 2 Directors.

JAFZA OFFSHORE

JAFZA OFFSHORE

AJMAN OFFSHORE

AJMAN OFFSHORE

AJMAN Offshore Company

Ajman offshore companies are registered with Ajman Free Zone (AFZ) situated in the Emirate of Ajman, United Arab Emirates. These offshore companies are referred to as International Business Companies or offshore companies under the applicable regulations. AFZ is a state-of-the-art Registry and follows international standards and best practices adopted by other offshore jurisdictions around the world.AFZ keeps confidentiality of shareholders as top priority and their identity is kept strictly confidential in accordance with the law.

Ajman offshore has a very quick and easy to set up and require only one director and shareholder as a basic requirement. The shareholder and director can be the same person.

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