Offshore Business Setup

Register your offshore company in full compliance with international laws.

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

Like e-commerce, benefits from offshore structures for cross-border transactions. Key considerations include establishing a Permanent Establishment (PE) and complying with transfer pricing rules. PE ensures compliance with local tax laws, while transfer pricing rules govern fair transactions between related entities. Careful attention to these factors enables a strong offshore structure for international trading.



Tax Benefits

Professional practitioners are primarily motivated by tax reduction when opting for offshore companies. This allows for deferring income tax or even eliminating it entirely through strategies involving renunciation of citizenship. The reputation of the chosen jurisdiction is also crucial in assisting clients to claim expense deductions and avoid unnecessary inquiries from tax authorities.

IP Holding

When structuring a company with intellectual property (IP) assets like patents and trademarks, selecting a jurisdiction with low or zero corporate income tax and favorable tax treatment for royalties and dividends is beneficial. However, it is crucial to also prioritize a country with strong legal protections for intellectual property rights (IPR). This ensures effective safeguarding and protection of the company's valuable IP assets.

Holding Company for Shares and Real Estate

An offshore investment holding structure provides a valuable separation between personal and business assets, offering an additional layer of protection in the event of a lawsuit. Furthermore, it offers enhanced flexibility for diversification by accommodating various types of assets. Certain jurisdictions even offer advantageous legislation specifically tailored to passive holding activities, further benefiting investors in offshore investment structures.

Redefining Wealth Succession Planning

The field of private wealth management extensively utilizes various tools and structures such as Trusts, Foundations, Private Trust Companies, and Offshore Family Investment Companies. These specialized entities enable intentional tax planning and the seamless transfer of wealth to future generations.

Broker/Forex/Coin Trading in Offshore States

Offshore states offer favorable conditions for broker/forex/coin trading, thanks to their relaxed regulations and open markets. This makes them attractive for blockchain ventures, as licensing and capital requirements are typically less of a concern for participants like sole traders, brokers, and private investment funds.

International Business Expansion for Tax Optimization

Whether driven by tax considerations or not, a successful strategy for expanding internationally requires careful attention to tax implications. This involves conducting a comprehensive review of the group's structure to assess the necessity of existing entities and establishing a presence in new locations to achieve improved tax efficiency.

E-Commerce

e-Commerce businesses thrive with offshore structures as they are not limited by physical boundaries. However, choosing the right offshore jurisdiction necessitates careful planning considering factors such as sales tax, payment processing gateways, and hosting considerations for establishing a proper business presence.
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This list is not comprehensive. Let us learn more and share our experience with your industry.

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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.

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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.

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.

 
 
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