Offshore Company Formation

Vigor Offshore Company Formation Services provides help and guidance with offshore company formation in Dubai, UAE. Investors from the world consider us because of our dedication to company formation, in-house expertise, seasoned experienced company formation professionals, transparency of costs, and world-class guidance. We handle all responsibilities and give you an in-depth knowledge of how offshore company formation works in the UAE to ensure that the formation of your company is successful.

Offshore Company Formation In Dubai, Uae.

An offshore company is a company that is located in a location that is other than where the beneficial owner resides. Offshore companies are set up to operate outside the registered jurisdiction of the real owners.

An offshore company in Dubai simply put is a company located in Dubai owned by someone that doesn’t reside in Dubai. Setting up an offshore company registration in Dubai enables you to raise the lucrativeness of your business while maintaining your privacy.

Benefits Of Opening A Rak Offshore Company

Some of the benefits of setting up an offshore company in Dubai include:

  • Offshore businesses can keep 100% of their profits.
  • You have sole ownership of the company.
  • Dubai is a safeguarded tax haven.
  • Complete business confidentiality can be maintained as offshore company registrars in Dubai do not keep public registers of the shareholders & directors of businesses.

What Are Some Offshore Zones In Dubai?

A major offshore zone in Dubai is Ras Al Khaimah. It is a tax-free zona with no income or corporate tax and allows total foreign ownership. RAK offshore company formation zone is located about an hour’s drive from Dubai. RAK zone has the highest level of industrialization in UAE manufacturing at 26% of the country’s Gross Domestic Product (GDP).

The Ras al Khaimah government launched the international company structure also called the RAK Offshore Company in September 2006. Since then, it has been widely known to be a profitable business and investment location.

When compared to others, it is relatively cheap as the cost of doing business in RAK is 25-50% lower than the UAE average, allowing companies to maximize their return on investment.

Local company law requires RAK offshore company formation zone to appoint an approved registered agent (Sovereign Corporate Services is approved for this purpose).

Some features of a RAK offshore company include:

  • Confidentiality of directors is guaranteed as their details are not made available to the public.
  • A shareholder is required and corporate shareholders are allowed
  • International corporate shareholders are required to have all company documents verified.
  • There’s no minimum or maximum share capital. 
  • Any offshore company to be formed must have financial records for 7 years from the start date.
  • A director is required and corporate directors are permitted. 
  • Any offshore company to be formed must present a secretary. 

Benefits Of Opening A Rak Offshore Company

There are benefits of opening a RAK offshore company. Some of them include:

  • A RAK offshore company affords you the opportunity of having shares in local companies regardless of the general restrictions. This implies that you can have shares in a free zone and onshore companies.
  • There is a 100% foreign ownership policy.
  • There’s quick inclusion as a  RAK company registration will typically take one week due to documentation and application. 
  • The confidentiality of the shareholders and director details is maintained. 

Another offshore company in Dubai is Jebel Ali Free Zone Authority (JAFZA). JAFZA is the only offshore company that is allowed by the law to own property located in Dubai. 

It was established in 1985 and is located in an industrial area surrounding the Jebel Ali Port which is one of the world’s biggest shipping ports. This implies that the international companies situated there enjoy the privileges of a free zone. These include zero currency restrictions, exemption from corporate tax for 15 years, no personal income tax, and simple importation and exportation policies.

Offshore Company Formation In Dubai, Uae

Some features of a JAFZA offshore company include:

  • Confidentiality of directors is guaranteed as their details are not made available to the public.
  • A shareholder is required and corporate shareholders are allowed
  • International corporate shareholders are required to have all company documents verified.
  • There’s no minimum or maximum share capital. 
  • Any offshore company to be formed must have financial records for 7 years from the start date.
  • A director is required and corporate directors are permitted. 
  • Any offshore company to be formed must present a secretary. 

Benefits of a JAFZA offshore company are:

  • Your company has local ownership of the property as the JAFZA offshore company is the only offshore company legally allowed to own property in Dubai.
  • There is a 100% foreign ownership policy.
  • A JAFZA offshore company affords you the opportunity of having shares in local companies regardless of the general restrictions prohibiting offshore companies from doing business with UAE residents. This implies that you can have shares in a free zone and onshore companies.
  • The confidentiality of the shareholders and director details is maintained in a JAFZA as names are not made public.

How To Setup An Offshore Company In Dubai

To set up an offshore company in Dubai, you’ll need to:

Get the required documents.

  • Shareholder passport and Visa
  • A filed application of the company incorporation
  • Proof of your financial status
  • An AOA (Article of Association
  • A Shareholder ID
  • An MOA (Memorandum of Association)
  • Create a business plan. 

This should feature details like

  • Your budget
  • Projected finances
  • Liquidity
  • Development plans

Select a business structure. 

Your business will need to be structured as one of the following:

A sole proprietorship

  • An LLP (Limited Liability Partnership)
  • An LLC (Limited Liability Company)
  • A Public Shareholding Company
  • A Private Shareholding Company
  • A Joint Venture

How Can We Help You Set Up Your Offshore Company?

Establishing or expanding a new offshore business in Dubai could be a challenging task and this is where Vigor Services comes in to help. At Vigor, we have come up with some of the most streamlined processes to help you set up your offshore businesses successfully in Dubai. 

We are experts in the field and we make complex procedures easier and coordinate all necessary documents and permits on time. 

We have a multilingual team that specializes in UAE company setup procedures that our clients need to obtain relevant permits.

Vigor Business Setup also has a team of consultants as well as a legal expert on staff that will help you through the offshore company registration and visa process, while explaining the Dubai company rules and regulations at each step of the way. 

We understand the business environment and development of Dubai’s offshore policies and with our guidance, we will help you to avoid and solve various potential pitfalls when setting up an offshore company. We will also help you find the perfect company structure for your business needs that will allow you to pay less tax legally.