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Offshore company

Doing business in an offshore zone has its own characteristics. Companies are registered on the territory of free economic zones and operate outside the Emirates.

 

Firms registered in the offshore UAE are prohibited from:

 

  • import goods to the local market;
  • rent office space;
  • apply for a resident visa

 

The advantage of doing business in an offshore zone is tax exemption, including VAT. To do business offshore in the UAE, you need to buy an offshore company or create it from scratch with the help of intermediaries.

Stages of collaboration
with Make Fortune

1
Apply
We answer all your questions, think over the work plan, negotiate the stages and deadlines
2
Enter into a contract
We draw up a list of services provided and all necessary payments, the total amount of all registration costs is clearly stated in the contract
3
Provide the required information
We undertake all possible preparation and submission of documents, you just need to provide us with correct data
4
Follow the progress of registration
We are available 24/7 during our work. We constantly inform about the status of the process at all stages: obtaining a license, obtaining a visa, opening personal and corporate accounts
5
Get a positive result
License, visa and Emirates ID received, accounts opened! You can start a business
6
Business support in the UAE
Our specialists are ready to provide professional support in the areas of tax and accounting

Why should you contact us?

Registration of your company in the UAE on a turnkey basis

We help to open corporate and personal bank accounts

We are engaged in registration and renewal of licenses, the VAT registration procedure

We provide assistance in obtaining a resident visa of the country

We carry out a comprehensive audit, help to keep accounting records

Assistance in obtaining permits and certificates

VIP escort We meet clients at the airport, escort them in premium class cars

We work with government agencies, free zones and banks without intermediaries.

Maximum transparency in the provision of services. We ensure complete confidentiality of your data

How to open an offshore company in the UAE

Registering Agent
To open an offshore company in the UAE, you must have a registered agent in one of these zones: JAFZA Offshore Authority, RAK Offshore Authority, Ajman Offshore Authority. The registered office of the agent will be the address of the offshore company.
Company name
The name of the company should sound logical and representative. It should reflect the essence of the activity and comply with the legislation of the country. To indicate the legal status of an offshore company, its name may end with the suffixes Limited (Ltd) or Incorporated (Inc)
Minimum authorized capital
Offshore company registrars in the UAE do not require the share capital to be deposited into a bank account. However, the company must have sufficient capital to achieve its objectives.
Required documents
The list of documents depends on the requirements of the selected offshore zone and the type of shareholders. All documents must be translated into English and certified.
Submission of documents for registration of an offshore company in the UAE
After checking the documents, the client pays the costs of registration and agent services.
Obtaining registration documents
The client receives documents in his hands - a certificate of incorporation or registration, a share certificate and a charter
Registering Agent
To open an offshore company in the UAE, you must have a registered agent in one of these zones: JAFZA Offshore Authority, RAK Offshore Authority, Ajman Offshore Authority. The registered office of the agent will be the address of the offshore company.
Company name
The name of the company should sound logical and representative. It should reflect the essence of the activity and comply with the legislation of the country. To indicate the legal status of an offshore company, its name may end with the suffixes Limited (Ltd) or Incorporated (Inc)
Minimum authorized capital
Offshore company registrars in the UAE do not require the share capital to be deposited into a bank account. However, the company must have sufficient capital to achieve its objectives.
Required documents
The list of documents depends on the requirements of the selected offshore zone and the type of shareholders. All documents must be translated into English and certified.
Submission of documents for registration of an offshore company in the UAE
After checking the documents, the client pays the costs of registration and agent services.
Obtaining registration documents
The client receives documents in his hands - a certificate of incorporation or registration, a share certificate and a charter

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    Frequently Asked
    Questions

    What is the process for establishing an offshore company in Dubai?

    You will need to find a company that is a registered agent in one of the UAE free zones that offers offshore company registration services. These three free zones are Jebel Ali Free Zone (JAFZA), RAK International Corporate Center (RAK ICC), and Ajman Free Zone (AFZA). We are a registered agent with the RAK ICC.

    What type of business is in demand in Dubai?

    There are many competitors in Dubai, but at the same time, it is evident that the quality of services is often substandard. There are great prospects in areas such as real estate, tourism, and IT.

    What is the taxation system in Dubai for foreign companies?

    The same as local businesses. Currently, the only official tax in the UAE is 5% VAT. The tax is imposed after the sale of goods or services generates a taxable turnover of 100,000 dollars. Goods and services sold outside the UAE are not subject to this tax. A corporate income tax of 9% will be implemented for the sale of goods and services in the UAE as of June 1, 2023. Freezone companies will not be subject to this tax.

    What is the best offshore zone?

    In general, each jurisdiction (JAFZA, RAK ICC, Ajman free zone) where you can open an offshore company has its own specifics. The JAFZA is viewed as more prestigious due to its location and history. Combining the RAK ICC with the free zone of RAKEZ, the RAK ICC offers premium products. However, the result will be the same in all three jurisdictions - a registered offshore company.

    What is the proper name for an offshore company?

    An offshore company in the UAE may have the suffix Limited (Ltd) or Incorporated (Inc) in its name to indicate its legal status.

    Are there any additional permissions required for offshore openings?

    There is no additional permit required for opening an offshore company.

    What types of activities are permitted and prohibited in the UAE for offshore companies?

    Offshore companies are able to conduct almost all activities. The principal activities outside the UAE include trading activities, consulting services, holding, real estate ownership, holding shares in other companies within the UAE and abroad, and professional services. On the other hand, insurance and media-banking (financial) activities, as well as airlines and any activity related to precious metals, gas, and oil, are prohibited for offshore companies.

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