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Offshore Company Formation In UAE

Offshore company formation in Dubai or any other emirate of UAE opens up a world of opportunity in the international markets. Unlike freezone and mainland, offshore company setup is meant for trade outside the registered jurisdiction. Offshore companies are registered under one freezone, but companies cannot trade within the jurisdiction of the freezone. It means, all the business activities must be carried outside the UAE frontiers.

Entrepreneurs can pursue offshore company formation in UAE without the need to ensure any particular minimum balance as paid up capital, and the process of incorporation is pretty fast as well.

Why Should You Go For UAE Offshore Company Formation?

Not Only Is An Offshore Company The Easiest Way To Explore The Markets Of The Middle East, Africa, And Europe, This Mode Of Company Formation Is Also Much Hassle-Free From The Others. Nil Formal Capital Requirement, A Fast Incorporation Process, And The Exemption For All Kinds Of Taxes Make Offshore Company Registration In Dubai Or In Other Emirates Of UAE A Wonderful Opportunity.

These are the reasons why you should go for Offshore Company Formation UAE:

No sorts of tax

100% ownership for foreign individuals

Asset protection

Availability of virtual business infrastructure

Unlimited tax exemption of capital gains

Exemption from minimum balance formality

No mandatory public share record needed

Gateway to international trade

Business-friendly legal structure

Opportunity for global funding

What Is Offshore Company Formation In UAE?

Forming An Offshore Company In UAE Means Setting Up A Business In Any Of The Offshore Locations Owned By Different Free Zones In The UAE. Free Zones Have Offshore Options. For Instance, JAFZA, One Of The Most Prominent Offshores Was Created In 1985 Near Jabel Ali Port. The Jebel Ali Free Zone Authority (JAFZA) In Association With The Dubai Government. It Gives Several Trade Benefits Including Tax-Free Transactions And 100% Foreign Ownership.

Offshore Company Formation In Dubai & Around UAE - Here’s How To Start?

Albeit Offshore Business Setup UAE Is Much More Hassle-Free As Compared To Other Modes Of Business Setup In UAE. Despite This, It Is Very Important To Know Those Few Simple Steps Precisely. Mismanagement Or A Wrong Step Can Lead To Unnecessary Penalties And Other Financial Burdens Which Clients Would Like To Avoid At All Costs. RAS Corporate Advisors Can Help You With Business Setup In UAE Offshore. With An Experienced Staff, Rest Assured Your Work Will Be Done In A Jiffy So That You Can Take Care That Matters More.

To start with, here is a preliminary sketch about how to start offshore company in UAE?

Select your company name that will end with Ltd. or Incorporated

Gather important documents like passport, residence proof, and others

Fill the application form

Submit it to the concerned authority

Draft Memorandum of Association (MoA) upon application approval

Wait for final approval

Launch your business

Best Locations For Offshore Company Setup In UAE?

The Whole Of UAE Is A Great Location For Offshore Company Formation. However, If Some Offshore Zones Must Be Named Above The Other Then They Must Be The Following:

Ras Al Khaimah (RAK ICC)

Jebel Ali Free Zone (JAFZA)

Ajman Offshore and

Which Documents Are Essential For Offshore Company Registration In Dubai, UAE?

Here’s A List Of Documents That Every Offshore Startup Would Need. However, For A More Detailed And Elaborate Document Requirement, Contact RAS Corporate Advisors.

Passport copy

Profile / CV

By-laws of the company defining a governing function

Home country bank statement

How RAS Corporate Advisors Will Help You Minimize UAE Offshore Business Setup Cost?

RAS Corporate Advisors is known for its collaborative approach with clients. It means every project will be taken care of with the highest levels of discussions, advisory, and so on. All these to ensure, none of our client’s points are missed. RAS Global masters business consultancy service in Dubai and can assist in a business set up anywhere in the UAE. However, our prices remain competitive.

Difference Between Free Zone Business And Offshore Business In UAE

Many people confuse between freezone and offshore company formation in UAE. However, there are some difference between the two:

Offshore

Offshore companies are registered under free zones

Offshore companies can conduct business within the UAE.

Offshore companies can open a bank account in a bank from the UAE, that too a multi-currency account.

Offshore companies need not to pay a fixed deposit for company formation.

Free zone

Freezone companies are not registered under any type of greater business entity. They’re autonomous

Free zone companies mostly cannot conduct business outside the respective free zone, not even UAE mainland without any distributor.

Bank account for free zones come with certain restrictions

Most free zones require a certain amount to be mandatorily deposited in form of paid up capital.

How Long Does It Take To Register Offshore Companies In UAE?

The Majority Of The Time Needed During Offshore Company Setup Goes Into Collecting, Filing And Attesting The Needful Document. That Said, Once The Documents Are Ready, Processing Them Is Usually Done Within A Week Or So. Sometimes The Time May Differ, But Those Are Mostly Unforeseen Circumstances Depends On The Jurisdictions Of Registration And Nationalities. After The Legal Incorporation Has Been Done From The Offshore District, It Takes Another 2-6 Days For The Documents To Reach You.

How RAS Corporate Advisors Will Help You Minimize UAE Offshore Business Setup Cost?

Types Of Businesses One Can Setup In UAE Offshore

Different Offshore In The UAE Offer Different Business Setup Options. For Instance, If You Choose To Set Up A Business In UAE Offshore, Then You An Explore The Following Possibilities:

Real estate

Trading

e-Commerce

Gaming

Media

Finance

Insurance

Professional services

Education

Intellectual services

Cinematography and more