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OFF-SHORE BUSINESS FORMATION

An Offshore Company, often referred to as an International Business Company (IBC) or Non-Resident Company, is a legal structure that offers a low or no-tax environment, helping entities or individuals minimize tax burdens and improve wealth management. Below is the list of Offshore licenses available:

  1. Ajman Offshore Business Formation

  2. JAFZA Offshore Business Formation

  3. RAK Offshore Business Formation

There are several reasons why private individuals and companies choose to incorporate offshore companies.

 

Offshore companies provide a high level of confidentiality and privacy protection, 100% company ownership, and asset protection.

 

Key Highlights of an Offshore License:

  • 100% Foreign Ownership

  • No Foreign Currency Restrictions

  • 0% Tax and 0% VAT

  • No Physical Office Required

  • Highest Privacy and Confidentiality

  • Asset Protection

  • Bank Account Opening, Including Online Banking and Debit Card

  • Full Nominee Services to Protect Privacy (Optional)

  • International Financial Diversification

  • Business Expansion Opportunities

1.) Ajman Offshore Business Formation

Hassle-free, tax-free, and secure business entity. Off-shore company formation in Ajman offers benefits such as zero taxation, 100% repatriation on profit, and complete business privacy. Ajman off-shore companies are non–residents’ entities and are not permitted to do business inside the UAE market, instead, you may use the license in dealing with international businesses.

 

Ajman Off-shore Can Conduct Various Activities Under Its License:

  • Commercial Agents

  • Shipping Companies

  • Joint Investments and Investments Corporation

  • Owning of Properties

  • General Trading License

  • Holding Company

  • Advisory and Consultancy Services

  • Professional Services Sector

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Advantages of Off-shore Company Formation in Ajman

  • 100% Foreign Ownership

  • Import and Export Duties Are Exempted

  • Exemption from Other Taxes

  • Secure Transfer of Profits and Capital

  • No Residence Visa

  • No Auditing Required

  • No Foreign Currency Restrictions

  • No Office Space Needed

  • Confidential Details of Shareholders and Directors

2.) JAFZA Offshore Business Formation

JAFZA off-shore is a type of off-shore company registered by a Jebel Ali Free Zone in Dubai. It is the only off-shore company that could hold real estate property in Dubai. JAFZA off-shore cannot have any office or facilities in the UAE rented under its name.

 

Jebel Ali off-shore can have a UAE bank account.

 

Jebel Ali off-shore company formation can be done only by a registered Agent. It means that you cannot do it directly with the government authority by yourself. The registered agent will take care of the paperwork and the registration process. And the shareholder and director of the company shall visit the Government for signature verification.

3.) RAK Offshore Business Formation

RAK International Corporate Centre (RAK ICC) is one of the fastest-growing international corporate registries with an excellent reputation for compliance and professional services.

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RAKICC is known as a modern, world-class offshore company registration office and complies with international best practices. RAKICC has developed a strong reputation and is considered to be one of the most respected brands for setting up offshore companies in the United Arab Emirates.

 

RAK ICC is responsible for the registration and incorporation of International Business Companies.

 

RAK ICC is the consolidation of two company registries in Ras Al Khaimah; namely RAK International Companies (formerly a part of RAK Free Trade Zone) and RAK Offshore (formerly a part of RAK Investment Authority) and was formed as per the Decree No.12 of 2015 and as amended by Decree No.4 of 2016.

 

RAK ICC is headquartered in Ras Al Khaimah, with an additional office in Dubai, United Arab Emirates (UAE). The UAE is considered a leading modern jurisdiction, providing on-shore, off-shore and free zone company solutions. A modern vibrant economy with a deep pool of human capital and professional service providers meeting every aspect of Economic Substance Requirements.

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