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.
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
Holding Company for Shares and Real Estate
Redefining Wealth Succession Planning
Broker/Forex/Coin Trading in Offshore States
International Business Expansion for Tax Optimization
In Just 4 Steps
Explore your roadmap to an offshore company
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.
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.
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.
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.
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.
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.