Offshore Company

What is an Offshore Company?

An Offshore company is the best solution for a business that needs great flexibility with low to zero tax requirements, providing anonymity and protection while growing at the same time.

Specifically, setting up an Offshore company in Dubai best fit entities from logistics, patent registry, intellectual property rights, and consultancy businesses fields.

In simple words, Offshore companies are registered in a jurisdiction, but operate in a different one. So, for example, you can set up your offshore business in a no-tax jurisdictions and operate internationally, enjoying flexibility and improving wealth management.

The best thing is that you don’t even need a physical presence to set up an offshore company in Dubai.

To set up your Offshore business correctly, however, you could need the help of an expert team that will guide you through every step to be done.

Contact Azimuth Consulting and Set Up Your Offshore Business in Dubai

How and where to register an Offshore company in Dubai

There are 3 main authorities where you can register an offshore company in the UAE:

• Ajman
• JAFZA (Jebel Ali Free Zone Authority)
• RAK ICC (Ras Al Khaimah International Corporate Centre)

Each of them has its rules, but they share a few common policies such as:

• Forbidding of any activity within the UAE, even transactions with other UAE companies, since an offshore company’s activity and transactions are limited to internationally-registered companies.
• Ineligibility for any Residence visas or tax residences certificates.
• Chance to have a corporate bank account in the UAE with multiple currencies.
• Possibility to run and combine more business activities under different categories, unlike Freezone companies where the company’s activity must be specified and categorized.

However, there is a big difference between the 3 authorities, since Ajman and RAK need to set up the company remotely, while JAFZA needs a personal visit in the country.

Last but not least, remember that offshore companies registered in JAFZA are the only one allowed to own a local real estate property. If you want more information and help, don’t hesitate to contact Azimuth team for a free business consultation!