UAE Offshore Company Formation
UAE Offshore Company Formation
Offshore company formation in the UAE is an attractive proposition for many businesses. Besides tax benefits and complete foreign ownership, many factors attract investors to build a company in offshore locations in the UAE. A range of relevant services are available for company formation in offshore locations.
FAME, a renowned corporate services provider in UAE, can help you with these corporate services. Our consultants identify the best location for your offshore company formation in the UAE. After this, we help you:
- Establish the company
- Manage the operations
- Structure and re-structure per needs
- Create and operate a branch or subsidiaries
- Comply with regulations
Thus, you get end-to-end services for the successful running of your business. You don’t have to deal with the hassles of documentation and approval from authorities. You can enjoy all the benefits of a UAE offshore company without the stress of formation procedures.
UAE offshore company formation is possible in the following jurisdictions:
- Ras Al Khaimah (RAK)
- Jebel Ali Free Zone (JAFZA)
Planning and adopting appropriate governance and complying with different International Tax Jurisdictions is essential in helping Family Businesses prosper and thrive through those transitions, preserve wealth within the family and avoid disagreement and confusion. For a Family Business to endure, its management and control must inevitably pass from one generation to the next with a hassle-free process in place.
Thinking of forming an offshore company in UAE?
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What are the benefits of offshore company formation in UAE?
UAE offshore company formation offers many benefits to businesses. So, if you are still in the decision stage, look at these benefits to decide and act now:
Tax benefits
UAE has a favourable tax environment across the country. So, businesses can enjoy minimum tax liabilities with company formation in offshore locations. Along with 100% tax exemption, you also enjoy 100% duty exemption (no customs duty).
Privacy
The strict privacy laws of offshore UAE attract businesses a lot. You need not disclose details of your shareholders and directors. To various authorities, while forming a company, purchasing land, or any other assets or subsidiary, we need to disclose all the information up to the last UBO. You can also keep your financial information confidential and secure. Thus, you can enjoy anonymity, privacy, and confidentiality. Also, it ensures the protection of your assets from any external financial threats or claims.
Fewer restrictions
There are no currency restrictions for offshore companies; you can open multi-currency accounts. The international movement of funds is easier for offshore companies. Also, they have flexibility in asset holding, estate planning, or international trade operations. Thus, flexibility in operations attracts many investors to offshore company formation in Dubai.
Smooth formation procedures
UAE offshore company formation is an easy task. The capital requirements are minimal. You need to manage only a little paperwork and documentation. The registration process takes three to four days. Also, company registration requires only one director and one shareholder. No need for anyone to deposit money in an offshore bank account. Thus, forming an offshore company in the UAE is easier, faster, and smoother.
Limited liability
When you operate in offshore UAE, you enjoy limited liability. It means that investors can freely invest in offshore entities. The offshore structure protects your personal assets from liabilities. The liability is only up to the amount investors hold in the company’s capital. Thus, you need not worry about creditors and legal claims.
100% foreign ownership
You can have 100% foreign investment in offshore company formation in the UAE. You need not get local shareholders or sponsors to start a company in offshore UAE. Thus, you do not have to deal with the hassles of finding local sponsors.
The strategic location of UAE
UAE is a well-known financial center of the world. It is a gateway between the West and the East. It is a hub of many big MNCs and corporates from across the world. The facilities in UAE, like airports, telecommunication, and ports, enable smooth connectivity to other world jurisdictions. Also, world-class infrastructure in technology, logistics, and office spaces make it a preferred hub for entrepreneurs. This feature allows you to expand your global presence and improve your reachability to the target market.
Other benefits
UAE offshore company formation allows you to carry out business internationally. It gives you access to global markets. You can open a corporate bank account in the UAE. Also, you can repatriate 100% of your profits. You can use registered companies to run your offshore company. So, you don’t need to hire employees or lease premises. All these benefits attract investors to company formation in offshore UAE.
Wish to enjoy the benefits of offshore company formation in UAE?
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Why FAME for UAE offshore company formation services?
Fame is a leading consultant for offshore company formation in the UAE. We have been helping clients with end-to-end services to create an offshore company in the UAE. Whether it is RAK or JAFZA, we help you select the office location and manage all the documentation and approvals.
The valid reasons to select us as your UAE offshore company formation expert are:
Experienced consultants
By associating with FAME, you can enjoy a simple company formation process in offshore UAE. Our awareness of legal regulations ensures you are always compliant with them. Moreover, the experience of incorporating companies in different industries and areas of the UAE enables a smooth execution.
They have relevant accreditations and expertise in every step of business incorporation. Also, their understanding of business needs enables the provision of customized solutions. That is why you can ride error-free from the start to the end of offshore company formation in Dubai.
Comprehensive and up-to-date services
We handle all the services related to UAE offshore company formation. Be it arranging documents, selecting a name, getting approvals, or creating AoA and MoA, we manage it all. These services ensure you do not have to stress about creating the business.
Also, these services align with the regulatory requirements in company incorporation. We take care of your business goals and requirements to customize these services. Thus, you get comprehensive services that align with regulatory requirements and help you achieve business goals.
Support in documentation and paperwork
Our professionals are completely aware of the necessary documents for submission. So, we help you with that.
The corporate shareholders must submit the following documents:
- Certificate of Incorporation
- Memorandum of Association and Article of Association
- Board resolution
- Attested certificate from the parent company mentioning the shareholders or directors
The individual shareholders must submit the following documents:
- Company name preferences
- Beneficiaries’ hierarchy
- Owners/shareholders’ details
- Products or services you will deal in
- Shareholders and Directors CV or Business Profile
- Attested copies of owners/shareholders’ passports
- Residential proof
- Bank reference document in original
Thus, we help you prepare and submit relevant documents for offshore company formation in Dubai.
Straightforward process
We follow a simple and hassle-free process of company formation in offshore UAE. We start with choosing the appropriate jurisdiction for you (RAK or Dubai). The jurisdictions differ because of tax benefits, permitted business activities, and a few laws.
After jurisdiction selection, we help you decide on a company name based on the product/service. Our consultants verify the name with the Registrar. The next step is to fill out the application form and submit relevant documents to the concerned authorities.
The authorities will review the documents and issue approvals or rejections for the same. After receiving the approval, we draft the MoA and AoA in English. The authority reviews these two documents. If approved, the company incorporation is successful, and you can start the operations. Post-formation, we will also help you with opening an offshore bank account.