Setting up Offshore companies in UAE offers endless possibilities for international investors. Dubai is a secure, tax-free jurisdiction for international banking and company incorporation. Setting up a JAFZA offshore company or a RAK offshore company offers great advantages for international entrepreneurs and investors. Dubai Offshore banking is an excellent solution for investors seeking an offshore bank account in one of the most stable and well known jurisdictions.
Advantages of UAE offshore companies in UAE:
- No taxes
- 100% ownership
- Fast incorporation
- Low price
- No auditing
- Almost no restriction on activities
- Multiple activities in only one company
- Bank account in UAE or worldwide
- No nationalities restrictions
- Strict confidentiality about all shareholders and beneficiaries
ICCs and Offshore Companies in UAE are nearly the same. An International Business Company is considered like a synonym of Offshore company. This kind of company is incorporated in a Free Economic Zone. An ICC serves for carrying out any type of international business.
With an ICC you can have a bank account in UAE. If you need to setup a business in tax-free jurisdiction and a bank account, ICC is the best option.
International Business companies can be incorporated by companies or individuals. ICC’s source of income should be outside of the jurisdiction of its incorporation.
– ICCs cannot carry out business in UAE
– ICCs cannot open office in UAE
– ICCs are not eligible for visas
Setting up offshore companies in UAE you are fully protected the laws of UAE and your business is completely legal by all international standards. UAE is not a tax heaven and it is not blacklisted by the Financial Action Task Force (FATF).
The names and incomes of shareholders and directors of offshore companies in UAE are strictly confidential and cannot be disclosed by any request in the UAE. There are some Offshore jurisdictions that have Agreements with tax controlling authorities around the world. This means that maybe the name and the income must be disclosed if there is a request from these Authorities.
IBCs can be used for many activities, the only restricted ones are finances and insurance. International companies can be used for trading, intermediary or professional services, as property holding companies, shareholders or investors of other companies in the UAE.
We start signing a contract with you and getting the power of attorney to work on your behalf. We get down to work. Then, we prepare all the documents for submitting to the Department of economic development.
With and IBC you can open a bank account almost in any bank of the UAE and even have numerous accounts in different banks. You also can open an account abroad.
This type of Offshore Company is registered by Ras Al Khaimah Free Trade Zone Authority. A RAK Offshore Company is one of the best options for setting up your international business in a safe way.
RAK FTZ is getting more popular with international businessmen.
A big advantage of RAK companies is that the company will have a legal status of International Company instead of Offshore Company in the incorporation documents. This is a good advantage because offshore term often has negative connotations for manu governmental bodies and banks.
The legal address of the company will be in Dubai.
JAFZA offshore companies are registered by JAFZA Authority in Jebel Ali. A great advantage of having a JAFZA offshore company is that with this kind of business you can buy and hold property in Dubai.
JAFZA is located in close proximity with Dubai, but the prices for offshore company formation here are quiet different. The prices of company registration in JAFZA reaches up to 6 000 USD.
Registration of Offshore Companies in UAE should be an approved registered agent. The agent must be located in the free zone or in the UAE. In case you need to register an offshore company you have to get in touch with one of these registered agents. Advicepro is able to recommend you the best possible options and ensure a company setup with minimal complications and effort. A registered agent would incorporate the company at the shortest possible time as well
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