Offshore Company Incorporation in UAE
An offshore company refers to a company incorporated in a jurisdiction other than the jurisdiction where business activities are carried out or a company incorporated in an offshore financial center. Offshore companies sometimes referred as tax havens do not carry out economic or commercial activities in the country where they are licensed. These companies are controlled by foreign companies or individuals doing business in other parts of the world. Offshore Company Formation Offers Numerous Benefits; both Financially and Legally.
Advantages of offshore Company Setup in UAE
- 100% foreign ownership of your company
- Emirati partner is not required
- No need for the annual audit
- Fast and easy company setup procedure
- Exemption from personal tax
- No corporate tax
- No currency restrictions
- 100% repatriation of capital and profits
- Globally recognized jurisdictions
- Can Open a Bank account in UAE
- Advanced infrastructure
Offshore Zones in UAE
Jebel Ali Free Zone Authority based in Dubai is a leading offshore jurisdiction famous amongst investors for setting an offshore company. JAFZA also offers onshore company options in Dubai.
Ajman Free Zone is one of the UAE’s fastest expanding free zones. It was founded in 1988 and has promoted several economic sectors to flourish and thrive within the region. It is governed by the Ajman Free Zone Authority’s rules. AFZA free zone offers Offshore Business set up along with multifarious onshore business options in UAE.
RAK International Corporate Centre (RAK ICC) is an offshore business jurisdiction based in the Emirate of Ras Al Khaimah