UAE Offshore Company Formation
Your Path to Offshore Company Formation
Setting up a UAE offshore company involves obtaining a certificate of incorporation without an operating license. While the process can seem straightforward, it's crucial to understand the rules and procedures for offshore company registration in the UAE. At Centriz Corporate Services, we make it effortless for you! Contact us to streamline your experience, saving you time, money, and energy. Thanks to our strong connections with government officials and global expertise, our expert team ensures the quickest and safest route to establishing your offshore company. Discover more by speaking to our business setup specialists today!
Offshore Company Setup in UAE
Choosing the perfect offshore jurisdiction involves considering several crucial factors. The chosen location should boast a contemporary and reliable banking and financial system seamlessly connected through modern communication networks. Opt for nations that uphold work ethics driven by diligence, foresight, and confidentiality.
Time zone alignment is also pivotal for streamlined business operations. Communication challenges across distant time zones can lead to valuable time loss.
Offshore Company Formation in the UAE
Formation of an offshore company is viable in the following UAE states:
- RAK Offshore An innovative variation, the RAK ICC (Ras Al Khaimah International Corporate Centre), is anticipated in the first half of 2016.
- JAFZA Offshore Established in 1985 by the Dubai Government, the Jebel Ali Offshore spans over 100 square kilometers.
- Ajman Offshore Originating in 1988, Ajman Offshore gained independent status through Emiri Decree No. 3 of 1996 by the Ruler of Ajman.
Benefits Of UAE Offshore Company Formation
Setting up an Offshore Company in UAE will benefit you and is particularly useful if you are considering or want to achieve any of the following:
- 100% foreign ownership and 100% repatriation of profits
- There is no public register of shareholders and directors
- A UAE Offshore Company is quick to incorporate. It usually takes just a few working days
- Tax-Free economy with no capital gains, company, or income tax
- Simple reporting and regulatory requirements
- Suitable for any international business
- A high degree of privacy for corporate information
- Companies may own investments (assets, real estate, cash, shares)
- No office space required
- Multi-currency bank accounts
FAQ (Frequently Asked Questions)
How much does it cost to open an offshore company in UAE
With Centriz Business Setup, you can start an offshore company in the UAE from AED12,000 only – which empowers you to set up a low-cost offshore company in UAE and make a name for your enterprise in the marketplace.
Does Dubai have an offshore company?
Yes, Dubai has offshore companies in the Dubai Multi Commodities Centre (DMCC) Free Zone, one of several free zones catering to offshore companies. The DMCC operates as a separate jurisdiction from the UAE mainland, allowing businesses to operate with greater flexibility and privacy.
Can an offshore company in Dubai open a bank account?
Any individual or a business entity that wishes to set up or has already set up its own offshore company needs to open an offshore account to carry out its financial transactions. You can open two offshore bank accounts in the city: Offshore accounts for individuals. Offshore accounts for corporates.
Is the UAE best for offshore companies?
The United Arab Emirates offers the best destination for offshore companies. Two Company Registries offer 100% confidentiality and exemption from all taxes and business fees.