Offshore Company Formation
Offshore Company Setup in UAE
Offshore Company formation in UAE is a popular option for businesses looking to establish a presence in the country without the need for a physical office or operations. It allows businesses to enjoy certain benefits of doing business in UAE without being subject to local regulations.
What is an Offshore Company in UAE?
An Offshore Company is a business entity that is registered with the Ras Al Khaimah International Corporate Centre (RAK ICC) or other offshore jurisdictions in UAE. Offshore companies are not allowed to conduct business activities within UAE, but they can hold assets, own properties, and operate internationally.
Benefits of setting up an Offshore Company
There are several benefits of setting up an Offshore Company in UAE, including:
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No requirement for a physical office or operations in UAE
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100% foreign ownership
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No corporate tax or income tax
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No currency restrictions
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Flexible regulations
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Asset protection and confidentiality
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Easy transfer of ownership and control
Types of Offshore Companies in UAE
There are two types of Offshore Companies in UAE, including:
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Free Zone Offshore Company
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International Business Company
Steps to set up an Offshore Company in UAE
The process of setting up an Offshore Company in UAE typically involves the following steps:
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Choose a registered agent or service provider
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Choose a business activity and legal structure
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Choose a company name and apply for initial approval
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Prepare and submit the necessary documentation to the registered agent
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Obtain a business license and register the company with the RAK ICC or other offshore jurisdiction
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Open a corporate bank account
Documents required for Offshore Company formation
The documents required for Offshore Company formation may vary depending on the offshore jurisdiction and legal structure. However, some of the common documents include:
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Passport copies and visa copies of the shareholders and directors
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Proof of residential address
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Memorandum of Association and Articles of Association
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Declaration of Trust or Declaration of Beneficial Ownership
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Registered agent agreement
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Power of attorney
How We Can Help You Setup Offshore Company?
At Nafa Consultant, we offer a comprehensive range of Offshore Company formation services to help you set up your business in UAE quickly and efficiently. Our services include:
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Offshore Company incorporation and registration
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Assistance with obtaining business licenses and permits
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Corporate bank account opening
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Assistance with visa and immigration services
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Business plan and feasibility study preparation
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Virtual office solutions and office space leasing
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Legal and accounting services
Contact us today to learn more about our Offshore Company formation services and how we can help you achieve your business goals in UAE.
