Offshore Company Formation in Dubai
Offshore companies are established outside the UAE mainland and free zones, designed to operate beyond their registered jurisdiction. Investors can opt for offshore setups in RAK Offshore (Ras Al Khaimah International Corporate Centre, RAK ICC) or explore locations like the British Virgin Islands, Cayman Islands, or Mauritius. Offshore companies typically do not require physical office space but cannot engage in significant business activities within the country of registration.
Offshore companies can be owned by individuals or institutions, with shares easily transferable through a written instrument. This structure is ideal for investors seeking global operations with minimal local constraints.
Offshore company formation is rapidly gaining traction in Dubai, offering provisions to reduce or eliminate taxes on property sales, capital gains, VAT, death duties, and business profits.
Offshore companies provide confidentiality in ownership and financial matters, making them appealing for investors focused on wealth creation, asset protection, and international trade, contracting, or consulting services.
Advantages of Setting Up an Offshore Company
Stable and Business-Friendly Legal System
Dubai offers a robust legal framework that ensures a secure and stable environment for offshore business operations.
Flexible Regulatory Regime
The UAE's regulatory system is adaptable, providing offshore companies with operational flexibility and reduced bureaucratic hurdles.
Tax Neutrality
Offshore companies benefit from tax exemptions, including zero corporate and income taxes, maximizing profitability.
Separation and Protection of Assets
Offshore company structures ensure the secure separation and protection of personal and business assets.
Gateway to International Markets
Dubai serves as a strategic hub, offering seamless access to markets in the Middle East, Africa, Asia, and beyond.
Access to Global Funding
Offshore companies can easily tap into international funding opportunities, fostering growth and expansion.
Documents Required for Offshore Company
Passport Copy of Each Shareholder
Provide a clear and valid copy of the passport for each shareholder of the company.
Valid UAE Visa or Entry Stamp
Submit a copy of a valid UAE visa or the entry stamp page for each shareholder.
Proof of Residence
Provide an original document as proof of residence for each shareholder.
Personal Profile (CV)
Submit a personal profile or CV for each shareholder, detailing their professional background.
Bank Reference Letter
Provide an original bank reference or Good Standing Letter for each shareholder to demonstrate financial credibility.
Steps in Setting Up Your Offshore Company
NCS offers comprehensive Ajman Offshore Company formation services, providing extensive guidance and support that can simplify the intricate steps of establishing an Ajman Free Zone Offshore Company.
1Initial Consultation
Engage with a consultancy firm like Najoom Corporate Services to understand the Ajman offshore setup process, tailored to meet your business objectives.
2Submission of Documents
Submit all required documents to the Ajman Freezone Authority (AFZA) for review and approval. Najoom Corporate Services ensures accuracy and compliance throughout the process.
3Receipt of Incorporation Documents
After fee payment and document verification, you will receive your Ajman offshore company incorporation documents, including the Certificate of Incorporation and Memorandum of Association.
4Selection of a Company Name
Choose a unique and compliant company name that reflects your business activities and adheres to Ajman’s regulatory standards.
5Payment of Fees
Once the documentation is approved, complete the payment for registration, licensing, and any additional services required to finalize your offshore setup.
At Najoom Corporate Services, we bring together experts with global experience and deep knowledge of UAE regulations. This allows us to offer tailored, reliable solutions that support both local operations and international expansion.
Some of the most profitable business ventures in the UAE include real estate, e-commerce, and consultancy services. Real estate offers strong returns due to consistent demand, e-commerce benefits from rapid digital growth, and consultancy provides high margins with minimal overhead.
To start a business in the UAE, you'll need the appropriate license based on your activity—professional licenses for service-based businesses, commercial licenses for trading, and industrial licenses for manufacturing. Najoom Corporate Services helps you choose the right license tailored to your business needs.
Setting up a business in the UAE requires key documents such as passport copies, proof of address, and a business plan. Depending on the company structure, additional documents like a Memorandum of Association may be necessary. Najoom ensures a smooth and compliant documentation process.
Offshore companies need not pay any corporate tax for their profits.
Company formation timelines vary depending on the business type and legal requirements. However, with our expertise, we can streamline the process and help you get started in as little as 3 working days.
You can set up your business in the Mainland, a Free Zone, or Offshore. Each jurisdiction offers unique advantages. Speak to our consultants to determine the best fit for your goals.
Your details are stored on secure machines, and safeguarded by stringent procedures and safety regulations created exclusively to guarantee that computers are secure, the network is hacker-proof, and that your data is always in a secure atmosphere. Further Whenever information is being shared, it is always heavily encrypted so that even if it were to be intercepted, it would be completely useless to anyone else.