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Offshore Company Formation In UAE

In Ras Al Khaimah, an offshore company is an entity that carries out its operations outside of its original location of registration or origin. Since the introduction of offshore company formation in Ras Al Khaimah, UAE in 2003, it has become a suitable location for businesses worldwide. Investors and entrepreneurs may have various reasons for setting up an offshore company. Offshore company formation in the UAE helps one to have 100% ownership in their assets in UAE and run their business in a profitable way. Some of the reasons to opt for an offshore company formation in the UAE:

  • To enjoy monetary benefits like tax exemptions
  • To garner international funding
  • To enjoy the benefits of investor-friendly laws and regulations
  • Future plans for business expansion.
Incorporating an offshore company in Ras Al Khaimah is an attractive option for both individuals and corporations. Unlike mainland or free zone company formation, the license issuance process is not applicable to offshore company formation in the UAE. Instead, the authorities issue a certificate of Incorporation, allowing for a quicker and more streamlined process. Offshore companies are governed by international laws, making RAK an ideal location for such ventures. With Creative Business Solutions’ experience and expertise, we can guide you through the incorporation formalities and ensure that your offshore company satisfies the purpose of your business. Our consultants can help you incorporate your offshore company within a day or two. Investors have two jurisdictions to choose from when setting up an offshore company in the UAE:
  • Jebel Ali Free Zone (JAFZA)
  • Ras Al Khaimah (RAK)

A Free zone company shares many benefits of an Offshore company. Both the Free zone and Offshore companies may seem identical, but they are not. Offshore company formation offers many benefits for foreign investors. And the major benefits are:

  • 100% tax exemption is one of the major benefits of forming an Offshore company. Offshore company jurisdictions are devoid of personal tax, corporate tax, and income tax.
  • Zero import and export duty.
  • Offshore companies provide 100% foreign ownership benefits.
  • Investors enjoy full repatriation benefits when it comes to profits and capital.
  • A physical office is not mandatory. The investors can save the business set up cost related to office requirement.

A Free zone company shares many benefits of an Offshore company. Both the Free zone and Offshore companies may seem identical, but they are not. Offshore company formation offers many benefits for foreign investors. And the major benefits are:

  • 100% tax exemption is one of the major benefits of forming an Offshore company. Offshore company jurisdictions are devoid of personal tax, corporate tax, and income tax.
  • Zero import and export duty.
  • Offshore companies provide 100% foreign ownership benefits.
  • Investors enjoy full repatriation benefits when it comes to profits and capital.
  • A physical office is not mandatory. The investors can save the business set up cost related to office requirement.

The registration of a company in UAE offshore necessitates certain aspects. Pursuing the laid down requirements meticulously will ensure that you receive your business license at the earliest. And your offshore company in UAE can commence full-fledged business activities. Additional aspects concerning offshore companies in UAE are as follows:

  • The offshore company can have a non-UAE resident also as a director. However, the manager (designated) must be a UAE resident
  • Offshore companies are not authorized to carry out businesses in banking, insurance and real estate sector
  • Physical office is not permitted for Offshore company in the UAE
  • There’s no annual governmental audit
  • UAE resident visa is not permissible
  • Offshore company is unauthorized to carry out business in UAE Mainland
  • An Offshore company can hold shares in other companies as well
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Services & Licensing

RAK Business Registration

Dubai Business Registration

Location

  • Rakez Amenity Center Tower1 10 floor, Office No.2C, Al Jazeerah Al Hamra, Ras Al Khaimah