Offshore Company Formation In UAE
Offshore Company formation UAE has evolved to being the dream of all and sundry for varying reasons and benefits, it’s not hard to find why many choose the option of starting small and growing big in the land as their is all that’s needed to emerge a giant company within the shortest possible time.
The continent evolved as a leading business hub in the Middle East with advantage of business connectivity by all major forms of connectivity to all the major cities of the world. Investors from all parts of the world makes it a second home.
Of all the emirates in the United Arab Emirates is Dubai which has emerged as one of the booming Emirates of UAE and provides various schemes for company formation. The amazing infrastructure, business friendly environment, easy accessibility along with safety and security makes it the best option for company formation.
However, understanding the difference between the freezones, mainland and offshore company formation is important if you are planning for company formation in Dubai or UAE. Amongst many other considerations to check when deciding on what company formation type in UAE you want to go with include the choosing of license based on your activity, preparing legal documents, opening bank account, visa processing which are found to be cumbersome by the aspiring entrepreneurs.
What Is Offshore Company Formation
Offshore companies are companies whose activities aren’t substantially in their country or locality of their formation and they are designed in a way that they are exempted from any national or another form of taxation with the intent of legally reducing any kind of tax overhead and maximizing the return over investment of ventures in this jurisdiction.
There are 2 offshore jurisdictions available in Ajman Free Zone under which an individual can establish his offshore company. These are:
- Ajman International Business Company
- Ajman Free Zone (Offshore)
Abdulla Al Suwaidi Advocates & Legal Consultants are officially registered with the Ajman Free Zone as an Offshore Agent. Company formation in UAE with us is completed in 2 days, and to open bank account it takes in 3 days.
Perks Of Establishing An Ajman Offshore Company Formation In UAE
- Limited Liability of the company
- 100 % ownership and confidentiality
- Ability to hold shares in other companies
- Ability to do international business
- Asset protection & succession planning
- No accounting, auditing or booking keeping.
- No share capital requirement
- 0% tax
- Separate legal regulations than that of UAE Commercial Companies Law
- Easy Bank account opening
- No visa requirement
- No office requirement
- No physical presence of the shareholder is required
- Easy documentation
Documents required for establishing an offshore company
- Clear passport copy
- Proof of address
- Memorandum of Association
- CV of the shareholders
- Bank reference letter
- Registered Offshore Agent’s name & address