Fastest Offshore Company Formation
Establishing an international business company can pose significant challenges. It often entails navigating intricate local regulations and corporate governance protocols, making it challenging to maintain a strong foothold.
However, what if there were an alternative approach? One that enables you to accelerate the formation process swiftly and efficiently, maintain complete authority over compliance-related affairs, and stay well-informed regarding legal changes. This is precisely where our expertise and assistance become invaluable.
Understanding Your Case
Our experienced in-house consultants specialize in corporate formation and are well-equipped to assist you in defining and outlining your business goals and requirements. With this valuable information, we can guide you in selecting the most suitable and effective plan that aligns with your needs.
Incorporation Process
Once the order form is submitted, it will undergo review by our compliance department and subsequently be forwarded to the relevant company registrar for the incorporation process. The timeframe for receiving hard copies of the company documents may vary depending on the country, ranging from as short as 1 hour to a few working days. We strive to ensure a swift and efficient process for our clients.
Knowing The Customer
As part of our services, we follow a unified agreement to collect and verify the necessary customer documents, along with signed order and due diligence forms. To enhance your experience, we have developed a custom digital Client Portal. Through this portal, you can log in, conveniently complete the incorporation steps, and track the progress of your application at any time and from anywhere.
Comprehensive Post-Registration Services
We understand that successful registration of an offshore company is just the beginning of your journey. To help you achieve your business goals, we offer a range of additional services based on your selected package. This includes assistance in opening a bank account for seamless trading with your partners. Our dedicated team is committed to ensuring that your company is fully prepared and equipped to conduct business effectively.
Offshore Company Registration in UAE
When considering offshore company registration in UAE, several factors come into play. These include the applicable laws and regulations, the political and geopolitical climate, the nature of the business, and the type of assets to be held.
Two top offshore jurisdictions in the UAE are RAK International Corporate Centre (RAK ICC) and Jebel Ali Free Zone Authority (JAFZA). Both jurisdictions allow 100% foreign ownership and offer tax-free environments with no income tax or corporate tax. The UAE has also entered into Avoidance of Double Taxation Treaty Agreements (DTTAs) with over 110 countries.
RAK ICC is known for being a cost-effective and efficient option, often completing incorporation within a few days. It boasts a strong presence with over 14,000 companies across 50 sectors. On the other hand, JAFZA and RAK ICC offshore companies are unique in that they are permitted to own property in the emirate of Dubai.
All offshore companies in the UAE have the ability to open multi-currency accounts and conduct international business operations.
Common Applications of an Offshore Company
International Trading
Tax Benefits
IP Holding
Holding Company for Shares and Real Estate
Redefining Wealth Succession Planning
Broker/Forex/Coin Trading in Offshore States
International Business Expansion for Tax Optimization
E-Commerce
Bring Your Next Business Venture Online!
This list is not comprehensive. Let us learn more and share our experience with your industry.
Your Company
In Just 4 Steps
Explore your roadmap to an offshore company
Choosing the Right Legal Business Entity
If you are unsure about whether a Limited (Ltd), Limited Liability Company (LLC), or International Business Company (IBC) is the most suitable choice for your business, our friendly consultants are here to assist you. They will provide practical advice tailored to your specific needs, helping you make an informed decision about the right legal business entity for your venture.
Selecting a Unique Company Name
As a general rule, your company name should be unique. However, it's important to note that each offshore jurisdiction may have different naming requirements in place. Our consultants will guide you through the process of choosing a distinctive and compliant company name that adheres to the regulations of the specific jurisdiction you are considering.
Completing Legal Requirements for Company Registration
To ensure your company operates legally, it is necessary to register for business licenses and obtain relevant permits from the appropriate licensing agency. The specific licenses and permits required may vary depending on your business type and the jurisdiction in which you are registering. Our team will guide you through the process, ensuring that you fulfill all the necessary legal requirements for your company to operate in compliance with the law.
Opening a Business Account
Managing your business transactions effectively necessitates having a dedicated business account. You have the option to obtain a business account through a traditional bank or explore alternative fintech solutions. Our team can provide guidance and support in selecting the right banking or fintech solution that best suits your business needs, ensuring smooth and efficient financial operations for your company.
What is an Offshore Company, and how does it differ from other business setups in the UAE?
An Offshore Company is a business entity established in a jurisdiction known as an “offshore” or “tax haven” location. In the UAE, an Offshore Company is formed in specific jurisdictions like Ras Al Khaimah (RAK) and Jebel Ali Free Zone (JAFZA). It is mainly used for international trading, asset protection, and tax optimization.
Why should I consider forming an Offshore Company in the UAE?
Offshore Company formation offers several advantages, including 100% foreign ownership, no corporate taxes, no audit requirements, and the ability to hold assets and investments internationally. It provides a tax-efficient structure for businesses with global operations.
Can Profound assist with the entire Offshore Company formation process?
Yes, Profound offers comprehensive Offshore Company formation services. Our experienced team will guide you through the registration process, documentation, and legal requirements to establish your Offshore Company efficiently.
What are the key features of an Offshore Company in the UAE?
Offshore Companies in the UAE are non-resident entities with limited business activities allowed within the country. They are prohibited from engaging in local trade and are primarily used for international trading and asset holding purposes.
Can I operate a business in the UAE with an Offshore Company?
No, Offshore Companies are not allowed to conduct business within the UAE or trade with local companies. They are designed for international activities and must adhere to the regulations set forth by the respective offshore jurisdiction.
Can I open a corporate bank account for my Offshore Company in the UAE?
Yes, Offshore Companies in the UAE are eligible to open corporate bank accounts both in the UAE and internationally. Profound can assist you in choosing the most suitable banking solution for your offshore business.
Can I convert my Offshore Company into a Mainland or Free Zone Company in the future?
Yes, it is possible to convert your Offshore Company into a Mainland or Free Zone Company if your business activities or goals change in the future. Profound can assist you with the necessary procedures and documentation for the conversion process.