Offshore Business Setup in Dubai

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Offshore Business Setup Dubai

A foreign jurisdiction is essential to protect an offshore company’s entire assets from being sued in the event of litigation. A company that follows the entire Jurisdictional process can benefit from tax benefits and increasing investments overseas. Vision Business Consulting is a complete guide to the formation of a company that has been researched extensively, offering step-by-step how-tos on how to start a business. Depending on your choice, we will walk you through the entire process of forming a corporation or an LLC

The offshore company setup in UAE follows the regulations, laws, and tax authority of the overseas us of a wherein it’s miles registered and now no longer in which its founders/proprietors reside. The offshore company consultants in Dubai choose to set up an offshore employer in overseas nations because it gets many centers and prison advantages from that Dubai.

As the name implies, an offshore company in UAE or otherwise known as a ‘paper’ company is a business entity that conducts business outside of its place of origin or origin of registration. With the rise of offshore company formations in Dubai, UAE in 2003, the UAE has become a hub for businesses around the globe. Creating an Offshore company or in another sense, an offshore business setup in Dubai can be an avenue for entrepreneurs and investors to pursue multiple objectives. The UAE offshore company formation facilitates 100% ownership of one’s assets in the UAE and allows one to run a profitable business.

The ownership rights of offshore companies can be enjoyed by both individuals and corporations. In the country where the company is registered, its business operations or transactions are limited. Apart from mainland company formation and free zone company formation, offshore company setup in Dubai is not subject to license issuance. The authorities instead issue certificates of incorporation. It is for the same reason that you can accomplish offshore business setup services in the UAE without any hassle. Offshore companies are bound by international laws. Incorporating a company should be in line with your business objectives. With our experience in the business domain and contacts with the UAE authorities, we are able to figure out what your business objectives are and provide a hassle-free offshore company setup in UAE.

Compared to world-class destinations, UAE hosts some of the best offshore business zones like Jebel Ali Free Zone (Jafza), Ajman Free Zone, etc

Jebel Ali Free Zone (Jafza)

Being a global business hub for a wide range of countries, Jebel Ali Free Zone (Jafza) is well known for its trade facilitation on both a local and global scale. It is one of the fastest-growing free zones in the UAE, contributing 23.8 percent of Dubai’s total GDP. This incredibly grown business hub is renowned for its manufacturing and trading activities. World-class businesses operate in this Free Zone. Jafza has become a regional headquarters for these companies, which allows them to connect globally. If you wish for an offshore business setup in Dubai in Jafza, Vision Business Consulting can help you become a part of the vibrant business world in the United Arab Emirates.

Documents to be Presented To establish an offshore company in Dubai, you must submit an application and provide the documents (listed below):

  • All shareholders should submit their passport copies
  • Shareholders should submit their Resume
  • Proof of address which could be any utility bills or a tenancy contract or similar
  • Bank Statement for past 6 months or an authorized reference from the bank
  • Preferred names (at least 3 numbers)
  • Choosing a business activity

Upon registering the articles of association of an Offshore Company, the Registrar shall issue a certificate of incorporation and Offshore Company number, which will be used to identify the Offshore Company. The registrar is vested with the right to refuse the offshore company setup should be believe that the documents submitted does not match with the requirements as per the law or any other reasons he deems valid which cannot be contested in any court of law. Here is where Vision Business Consulting stands apart as all the relevant documents and duly filled forms are submitted to complete the procedure without making any mistakes and properly follow-ups are done so that the entrepreneur never loses time or effort and his dream comes true. Setting up an offshore company in JAFZA typically takes 10-12 working days for us thanks to our approved specialist’s expertise and close working strategy with the authorities. Business investors around the globe choose to continue with Vision Business Consulting, an organization recognized for its expertise in the company’s formation.

Setup of Offshore Companies in the Ajman Free Zone

Ajman Free Zone (AFZ) the pioneer in UAE’s free zones which was established in 1988 and has made strategic plans and prioritised business areas such as education, technology, health and beauty, FMCG, and retail industry. By virtue of its vision in the coming years, it is predicted to be the largest economic and social contributor to the city. With AFZ, investors have access to convenient payment plans and modern warehouses and offices in the UAE. Since AFZ anticipates the needs of its customers, it has established itself as one of the most reliable free zones to attract foreign investment. We provide you with comprehensive services for offshore company setup to ensure that your business starts on the right foot and that you receive the maximum amount of support and legal advice.

The process of setting up an offshore company in Ajman is simple, provided that you choose what kind of business activity you want to conduct. It is important to know also about the advantages of offshore business, besides the types of activities:

  • Foreign nationals are entitled to 100% ownership
  • Repatriation of profits in its entirety
  • Confidentiality guaranteed
  • Money restrictions don’t apply
  • Creating and maintaining a company at an affordable price
  • Physical entities are not necessary
  • Audit reports are not required
  • Residence visas are not needed
  • Capability of holding properties

The minimum number of directors for a company in Ajman offshore is one, and the maximum number is five. Incorporating a company requires the services of a registered agent. Registered agents must have the same address as the business entity or company being incorporated. Besides the company incorporation application, certain documents must be submitted as well:

  • Shareholder / s’s passport copy
  • Tenancy proof of every shareholder
  • Bank statement

Setting up an offshore company in AFZ typically takes 2 to 3 working days for us. Having worked with the government for many years, we have developed a strong working relationship, which lets us expedite offshore company incorporation or any other legal measures in this regard. Our team of qualified professionals is dedicated to offering timely and high-quality services and guarantees a hassle-free offshore company incorporation process.

Offshore Company Formation in RAK

RAK is the acronym for Ras Al Khaimah Offshore, which is situated in the emirate of Ras Al Khaimah in the United Arab Emirates, a northern region of the country. Foreign investors have been drawn to the RAK offshore jurisdiction because of its unique and extremely business-friendly rules and regulations. RAK offshore is attracting companies from around the world to obtain international company status. Since Offshore companies don’t need to maintain a physical presence, they’ve gained more attention over time. You should know the following benefits in setting up an offshore company in Ras Al Khaimah:

  • Ensures confidentiality at all times
  • Ownership of real estate assets in Dubai and other Emirates is possible
  • Accounts can be maintained in Dubai
  • Neither accounting nor auditing is required
  • Foreign ownership in its entirety
  • The incorporation process is quick
  • Currency restrictions are not applicable
  • Profits and capital can be repatriated in full

RAK offshore companies only require one shareholder, and that shareholder can be corporate. The Director, secretary, and shareholder of a company can all be the same person. As you are not required to be physically present to register a company, you can register a company through a registered agent along with the required documents.

Mandatory Documents

For individuals:

  • A copy of the applicant’s resume
  • A copy of the shareholders’ passports with a UAE entry stamp
  • Proof of residence like tenancy contract or any utility bill
  • Attested Power of Attorney from a notary public if the POA holder is representing the applicant.

For Corporates:

  • The parent company’s Certificate of Incorporation
  • The parent company’s Memorandum & Articles of Association
  • Creating a subsidiary or branch in Dubai by resolution of the board of directors
  • Certification of the company’s good standing
  • Copies of passports, bank reference letters, proof of residency, CVs of shareholders and directors of the parent company.
  • Proof of residence of the parent company’s authorized representative like tenancy contract or utility bills

Vision Business Consulting will assist and guide you through the process of forming a RAK offshore company. By providing the necessary documents, you will be able to incorporate your company within a few weeks. By collecting all the required documents, and submitting the applications, our professionals facilitate the establishment of RAK offshore companies for our clients.

Please contact us if you require any assistance.