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An offshore company, also referred to as an offshore corporation or entity, is a business structure formed in a foreign country or jurisdiction, typically for managing business operations, holding assets, or overseeing financial matters. Offshore companies are often utilized for purposes such as tax planning, asset protection, privacy, and gaining certain legal advantages.
In the UAE, you can establish an offshore company in locations such as Ras Al Khaimah (RAK), Jebel Ali Free Zone (JAFZA Dubai), and Ajman Offshore (AFZ). These jurisdictions offer tax-free benefits, though businesses are permitted to operate only outside the UAE. Offshore setups in the UAE grant 100% foreign ownership, maintain confidentiality, and provide easy access to banking facilities within the country.
Setting up a UAE offshore company involves establishing a legal entity in a designated offshore jurisdiction outside the Emirate. These entities are permitted to operate globally while ensuring asset protection and maintaining the confidentiality of financial information.
In the UAE, acquiring an offshore certificate of incorporation requires forming a company in one of the recognized offshore jurisdictions, such as Ras Al Khaimah, Ajman, or Dubai. The availability of specific certificates may depend on the nature of the business activities you intend to pursue within the chosen jurisdiction.
Typically, offshore business setups in the UAE engage in the following activities:
Choose a company name that aligns with the registrar’s regulations and avoids restricted terms. You may also include terms like "Ltd." or "Incorporated" in the name if desired.
Prepare and submit all required documents, such as proof of address for shareholders and directors, resumes, business plan, and passport copies, along with the application.
Depending on whether you're applying as an individual or a corporate entity, submit the required documents to the relevant authorities for review and initial approval.
Prepare the Memorandum of Association (MoA) and Articles of Association (AoA) in English or Arabic, as necessary. Submit these documents to the appropriate UAE authorities for approval. Once approved, you can proceed with the formation of your offshore company.
To facilitate smooth business transactions, open an offshore corporate bank account in Dubai or elsewhere in the UAE once your offshore company is established.
Seven Smart Business Setup Consultants in Dubai is renowned for providing top-tier company setup guidance without the associated premium costs.
Setting up a company with Seven Smart Business Setup Consultants in Dubai can be completed in as little as a few hours. We are committed to helping you navigate the legal complexities of corporate ownership in the UAE while providing flexibility in cost management.
Schedule a free consultation to learn more about setting up your company in the UAE and have all your questions answered
by our experienced team.
Our concierge service offers dedicated account managers who are always available to address your queries and ensure complete transparency throughout the process. We liaise directly with UAE government authorities on your behalf, saving you time and effort.
+971 54 365 8885
+971 54 365 8885