Why Businesses are choosing UAE for their Offshore Company Formation?

Long Term Value

Stable Economy

Safety & Security

UAE is ranked №1 regionally & №7 globally in terms of long term value creation of their resources among 62 other countries

The UAE has a robust economic outlook moving away from the oil-driven economy by diversifying its income resources via the Vision 2021 strategy set forth by the ruler

The UAE is known to be one of the safest and most secure countries in the world. In an official survey conducted recently, over 96.1 % of citizens said they feel safe and secure in the country

Competitiveness

Government Spending & Support

Ease of Doing Business

UAE’s Competitiveness is ranked №1 worldwide across 23 indicators, including Government Decision and Global Talent

The UAE has injected over 300 Billion AED to encourage economic growth via innovation initiatives. So far, over 100 Initiatives are ongoing, all promoting a versatile digital economy

UAE is ranked 1st in the Arab World and 11th internationally in the “Ease of Doing Business Report” published by World Bank that evaluated 190 countries across several factors

The UAE laws outline the rights of every citizen and promote equality regardless of race, religion, gender, nationality or social position. It also has well-defined laws to protect the interest of business owners and their businesses

Excellent Arbitration System

What is Offshore Company Formation in UAE?

Why Switch to the UAE for Your Offshore Company Formation?

The word offshore literally means a location that is situated outside the national boundaries of the place of one’s permanent residence. Offshore Company also often referred to as an International Business Company is a legal entity that is incorporated in a foreign country other than that of the company’s principal’s residence, i.e. shareholder, director, owner, partner etc.

An International Business Company or Offshore Company is a legal entity (usually a holding structure) without the ability to conduct any sort of substantial business activity within the country of incorporation. An offshore company is often incorporated to reap benefits usually not available in the country of residence. These include advantages such as tax savings, tax efficiency or optimisation, asset protection from lawsuits, or merely to increase the opportunities for foreign business.

Among the numerous advantages an Offshore Company formation in UAE has to offer, it is incorporated mainly for international trading, protection of assets, tax planning, purchasing or holding real estate properties in the designated areas of UAE, acquisition of shares of other companies, trust funds etc. Least should there be a doubt on criminal activity, the identity of the beneficiary is kept strictly confidential and anonymous by law. It is possible to open and maintain a bank account with an offshore company in the UAE, and the company may either choose to be governed by the UAE law or by that of the applicant’s country.

Other benefits are:

100 % Foreign Ownership

No minimum share capital required

Tax Efficiency

Conveniently transferable shares

0% Personal or Corporate tax in the UAE

Limited Liability Company, i.e. limited to the shares in the capital of the company

Cost-effective and easy incorporation process in the UAE

Better access to International funding

Open Multi-Currency Bank Account

Access to an optimised business-friendly legal system

Reduce Operational Cost

List of Offshore Jurisdictions in the UAE

There are currently three offshore jurisdictions in the United Arab Emirates.

Dubai Offshore (JAFZA)

Ras Al Khaima International Business Corporation (RAK IBC)

Ajman Offshore