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Offshore Company Formation in UAE

What is Offshore Company Setup?

UAE is one of the well-known jurisdictions in the world for incorporating offshore companies as “tax-free” business territory. Especially because one can avoid the cumbersome process of having the offshore incorporation company documents attested by various embassies and Ministries of Foreign Affairs. The offshore companies are based out of an offshore jurisdiction within the United Arab Emirates and can conduct business with all other parts of the world apart from UAE.

The company is allowed to hold assets within and outside the United Arab Emirates and are allowed to bank with banks in UAE and outside.

Fundamentally used for the minimization of taxation, protection of assets purposes, International Business Company (typically known as an Offshore Company) became the most attractive corporate structure for foreign investors. Offshore company setup is the mechanism of the first choice for the financial privacy, zero bureaucracy, low cost, security and property rights and foreign investments.

Offshore company registration in the UAE provides you with the real opportunity legally to raise profitability of your business, simplified reporting system, anonymity and confidentiality.

HOW TO REGISTER MAINLAND COMPANY IN UAE?

Plan

SELECT LEGAL FORM

Based on the activity and owner’s resolution.

SELECT TRADE NAME

It’s advisable to suggest three name options in order of preference – names should be clear, has meaning, not related to any religion. At this stage it is required to submit documents of all partners and of the appointed manager partners (Passport / Visa / EID / NOC for UAE Residents / Residential address).

ESTABLISH BUSINESS LOCATION

To complete the registration process in the Mainland a lease contract (Ejari) is required. This refers to either an office / business center / warehouse or a showroom. It can be rented or purchased anywhere in the Emirate you have registered the company.

COLLECT BUSINESS LiCENSE

After the MOA, LSA are signed, all approvals are obtained and all payments are made. License will be issued along with the MOA.

SELECT BUSINESS ACTIVITY

Decide the business activity type Commercial/Trading, Consultancy, Professional or Industrial. You can choose several activities within one group of activities.

APPLY FOR INITIAL APPROVAL IN DED

Construction bought the Greek company Delta

PREPARE MOA & LSA AGREEMENT

DED will prepare the MOA (Memorandum of Association) and LSA (Local Sponsor Agreement) based on the information provided at stage 3 and stage 4.

GET APPROVALS

Some business activities will require external approvals from other authorities such as MOH (Ministry of Health and Prevention), Civil Defense, Police, etc.
business-setup-consultants-in-uae

ADVANTAGES OF AN OFFSHORE COMPANY

100% foreign ownership

0% corporate and personal tax

A mainland can havAudit Report is not compulsorye more than one branch

Zero Bureaucracy & Streamlined Administration

100% repatriation of capital and profits

No restrictions on the directors'/shareholders' residency or citizenship

Personal presence is not required for company incorporation

Low cost of company setup and Quick Company Registration

No requirements for the minimum share capital

VARIOUS JURISDICTIONS IN THE UAE TO ESTABLISH YOUR OFFSHORE COMPANY

UAE offshore businesses is a tax haven like no other! Other major benefits of forming a UAE offshore company is that you can keep 100% of your profits, solely own the company and maintain complete business secrecy. The best jurisdictions for offshore company formation are mentioned below

DUBAI OFFSHORE COMPANY FORMATION
For offshore company incorporation, Dubai is one of the most safeguarded tax havens. Also, offshore company registration in Dubai does not keep a public register of the share holders & directors. We can help you register an offshore company in Dubai in not time! You will also have the easy access to do your business in the whole world, anywhere outside UAE.
JEBEL ALI OFFSHORE COMPANY FORMATION
BizVibeZ is a single-window business setup service provider to incorporate your offshore company in Jebel Ali (JAFZA). We communicate & network with the JAFZA free zone authorities, that allow us to fast-track your offshore company formation. Shuraa also maintains your JAFZA license renewals and provides your timely PRO services.
AJMAN OFFSHORE COMPANY FORMATION
Get in touch with BizVibeZ to register your offshore company in Ajman Free Zone within two days! We are an all-in-one business setup service provider for offshore companies in Ajman. We get your incorporation certification, government approvals and help you open bank accounts. We also offer business setup packages and consult you with legal advice.
RAS AL-KHAIMAH BUSINESS SETUP

We provide you complete assistance while registering an offshore company in Ras Al-Khaimah (RAK). We get you the incorporation certificates and other government approvals, so you can set up an offshore company in RAK easily. Our RAK offshore company formation packages makes it affordable. Get in touch to begin your company.

Need consultation? Reach us for expert advice!

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