Offshore
Offshore Companies in UAE should not be confused with UAE Free Zone companies. An Offshore Company is a legal business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership.
The principal jurisdictions offering Offshore Companies in the UAE are Ras Al Khaimah (RAK), Ajman Offshore and the Jebel Ali Free Zone (JAFZA).
Business Activities Allowed in An Offshore Entity
- Property Holding
- Investment Holding
- Intellectual Property Rights Holding
- Services outside UAE
Key benefits of an offshore company registration:
- Short set up time
- Low operational cost
- 100% Ownership
- No corporate, personal or capital gains tax
- Freedom from State Regulation
- Accounting or Auditing not mandatory
- Asset protection
- Opening bank account
- Invoicing Internationally
- Profit repatriation
- Property ownership
Other types of companies are:
- Sole establishment
- Civil company
- Local Company Branch
- Foreign Company Branch
- GCC Company Branch
- Free zone company branch
- Foreign companies’ representative offices
