Offshore Company Formation

Offshore company formation

Set up your business in the world of opportunities. UAE is a perfect destination to launch your dream business projects. Business setup in Dubai is a challenging process, but Raes associates make it easy with quick and reliable company formation services.

In financial language, the term “offshore” is used to define any business or investment made outside the country of residence. In other words, an offshore company is a legal entity established in an Offshore Financial Centre (Offshore Jurisdiction).

Offshore Company, most commonly termed as International Business Company (IBC) or a Non-Resident Company, is a legal structure that provides a low/No-tax environment for an entity or an individual which in turn minimizes tax burdens and improves wealth management.

RAK Offshore

A new type of Offshore Company in RAK with the abbreviations RAK ICC (Ras Al Khamiah International Corporate Centre) is planned for the first half of 2016.

Ajman Offshore

Ajman offshore was established in 1988 and was allocated an independent status under the Emiri Decree No. 3 of 1996 by the Ruler of Ajman.

JAFZA Offshore

The Jebel Ali Offshore was established in 1985 by the Government of Dubai, and now consists over 100 square kilometres.

Benefits of UAE Offshore Company Formation

Setting up an Offshore Company in UAE will benefit, and is particularly useful if you are considering or want to achieve any of the following:

100% foreign ownership and 100% repatriation of profits
There is no public register of shareholders and directors
A UAE Offshore Company is quick to incorporate. It usually takes just few working days
Tax-Free economy with no capital gains, company or income tax
Simple reporting and regulatory requirements
Suitable for any kind of international business
High degree of privacy for corporate information
Companies may own investments (assets, real estate, cash, shares)
No office space required
Multi-currency bank accounts