An offshore company is a type of business establishment that can be formed in a foreign country under the protection of strict legislation. It is a great option if your business doesn’t require a local office or you want to open a bank account without having a local business in the area.
An Offshore Company, most commonly termed as an International Business Company (IBC) or a Non-Resident Company, is
a legal structure that provides a low/No-tax environment for an entity or an individual which in turn minimizes tax burdens
and improves wealth management.
Benefits :
- Physical office not required
- 100% foreign ownership and 100% repatriation of profits
- There is no public register of shareholders and directors
- Confidentiality and Anonymity
- Asset Protection
- Multi-currency bank accounts
- Tax advantages
- Gateway to international markets
Choice of jurisdiction :
Choosing a jurisdiction for offshore company registration in Dubai depends on a number of factors:
- Laws and Regulations of the country as applicable to the business
- Political and geopolitical climate of the region in relation to future plans
- Exact nature of the business
- Type of assets that will be held by it
RAK Offshore
A Corporate Registry based in Ras Al Khaimah, RAK International Corporate Centre or (RAKICC) holds the responsibility in registration and incorporation of International Business Companies (IBC).
RAKICC also offers a host of smart products and solutions and the IBCs registered within the jurisdiction are often used for wealth management and asset protection purposes.
It is also Considered as “’white listed” jurisdiction by OECD and FATF.
JAFZA Offshore
JAFZA is one of the fast expanding Free Zone in the entire MENA region which act as a trade catalyst and offers a unique trade environment that promotes growth.
JAFZA Offshore provides an excellent platform for global connectivity and simplified processes environment that facilitate ease of operations and offers the special incentive to offshore companies.
They helps to mortgage your premises to a bank or financing company.
AFZ Offshore
Ajman Offshore was established in 1988. Ajman Free Zone has been a cornerstone of Ajman’s economic and industrial development.
Ajman offshore company incorporation is popular with international investors due to the Emirate’s tactical location as the central Emirate in the UAE and the doorway of the Arabian Gulf.
It Provides world-class operational services, lower costs of incorporation and clear documentation process.
Documents Required :
- Business plan ( At least for 3 years) (*not must)
- Original Bank reference letter or 6 monthly bank statements (stamped by the bank).
- Proof of Address ( Ex. Utility bills, etc..)
- CV of the shareholders.
- Passport copies the shareholders.
- 3 options for name reservation.
- Business Activity
Why YUGA ?
we will guide you through every stage of offshore business setup in UAE. We have years of experience on all types of Business Formation even Mainland and Free zone across all the emirates of the UAE.
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com