Entellus Consultancy

Offshore Company Formation in Dubai, UAE

An offshore company is a legal business entity established to operate outside its registered jurisdiction and/or the location of its ultimate ownership.

The UAE offers three primary jurisdictions for offshore company formation: Ajman Free Zone Offshore, Jebel Ali Free Zone (JAFZA), and Ras Al Khaimah (RAKICC). These jurisdictions are tax-free, imposing no income or corporate taxes, and allow 100% foreign ownership. Additionally, the UAE has double tax treaty agreements with over 40 countries.

The process of UAE offshore company formation involves several key steps that investors need to follow to establish an offshore company in the UAE. Here’s a breakdown of the typical process:

1. Choose the Jurisdiction:
2. Choose the Company Name:
3. Engage Registered Agent:
4. Submit Documentation:
5. Document Attestation:
6. Obtain Approval:
7. Open Bank Account:

The option of Offshore Company Formation presents a compelling route for foreign investors seeking asset protection and tax benefits. This avenue allows taxation in both the UAE and the investor’s country of origin, supported by the UAE’s Double Taxation Avoidance Agreements with numerous nations. While the limitations include abstaining from local business operations within the UAE, it’s a strategic choice for diversification and tax optimization.


Types of OFFSHORE COMPANIES

Ajman Offshore Company Formation

Ajman Free Zone, strategically located at the entrance of the Arabian Gulf, is ideal for businesses targeting both eastern and western markets. Its proximity to Sharjah and Dubai ensures easy access to two international airports and four ports. In 2014, the Ajman Free Zone expanded to include the formation of offshore international companies, also known as International Business Companies (IBCs), under the Ajman Free Zone Offshore Companies Regulations of 2014 (the “Ajman Offshore Regulations”).

JAFZA Offshore Company Formation

Establishing a JAFZA-based offshore company immediately elevates your business's reputation, facilitating international collaborations and business growth. Additionally, it grants the ability to open UAE bank accounts, essential for international financial operations and access to a variety of currencies.

RAK Offshore Company Formation

Ras Al Khaimah, located about an hour’s drive from Dubai, is known for its business-friendly investment environment and competitive costs. In September 2006, the Ras Al Khaimah government launched the International Company structure, commonly referred to as the RAK Offshore Company, regulated under the Ras Al Khaimah Free Trade Zone Authority International Companies Regulations 2006

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