Setting up an offshore company can offer numerous benefits, including asset protection, tax optimization, and enhanced privacy.
A company can be established offshore, that is away from the UAE mainland and not in a free zone. You could establish an offshore company in RAK Offshore (officially the Ras Al Khaimah International Corporate Centre or RAK ICC), which is a Company Registry containing details of offshore companies; or overseas. The British Virgin Islands, Cayman Islands, and Mauritius also offer excellent venues An offshore company is a legal business that is established with the intention of operating outside its registered jurisdiction or location of ownership. In the majority of cases, offshore companies do not need to occupy physical office space, but in turn, cannot undertake extensive any business activities in the country of its origin. when setting up your offshore company.
Unlike other jurisdictions which are considered solely for taxation, offshore company formation in UAE offers numerous advantages: direct investment into specific jurisdictions, better management of taxes on foreign income, full ownership of intellectual property, and the separation and protection of personal assets from operating entities.
An offshore company formation in UAE can be strategically designed to minimise overall international tax liability. There are no requirements for minimum share capital, although in some cases, the government registrar may ask that paid-up capital be commensurate with proposed activities.
Another localised advantage is related to realty. Some property developers in the UAE allow up to four owners for the purchase of a single property such as a villa, an office or an apartment. In the case of an offshore company, the number of such property owners can be extended up to 50, with ownership registered to the offshore company.
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, and type of assets that will be held by it.
List of Top Offshore Companies in UAE:
Both permit 100% foreign ownership, and are tax free jurisdictions that levy no income tax or corporate tax. The UAE has negotiated Avoidance of Double Taxation Treaty Agreements (DTTAs) with more than 110 countries.
All offshore companies in UAE can open multi-currency accounts in the country and carry out business internationally.
At PlanC Network, we provide comprehensive support for offshore company formation, including:
Our experts will assess your specific requirements and recommend the best offshore jurisdiction for your business needs.
We handle all necessary paperwork, ensuring compliance with local laws and regulations.
We facilitate the registration process, from securing your business name to obtaining the required licenses.
We assist in opening offshore bank accounts, providing you with convenient access to your funds.
We are registered and reliable agents for Dubai offshore company formation, and we continue to serve clients from all parts of the world. Complementing our many years of experience is a distinguished team of in-house lawyers, accountants, auditors and management consultants who work closely together with every client. We offer end-to-end services for offshore company formation in the UAE, and administration thereof. These services include corporate and business documentation, opening of bank accounts, and the provision of directors, company secretary and nominee shareholders as required. Working on your behalf, we will also liaise with all concerned authorities. Most importantly, we will guide you through every stage of offshore business setup in Dubai, including choosing and registering a name, conducting and collecting due diligence, and arranging reference letters. In most instances, we will not require your physical presence to open your offshore company. Offshore companies in UAE are not subject to any registration conditions with regard to the leasing of premises, provision of guarantees or employment of staff. However, should you require it, we can arrange for your business to be conducted and all communications to be maintained through our registered and approved firm. Our auxiliary services cover most aspects of everyday business operations, including accounting, audit and assurance, payroll, taxation and outsourced CFO and PRO services.
Offshore companies often enjoy reduced or zero taxation, enabling you to maximize your profits and minimize your tax liabilities. This can be particularly advantageous for businesses engaged in international trade or those looking to reinvest earnings.
Offshore jurisdictions typically offer high levels of confidentiality, allowing you to protect your financial information and company ownership details. This added layer of privacy can be crucial for high-net-worth individuals and business owners.
By establishing an offshore company, you can safeguard your assets from legal claims, creditors, and political instability in your home country. This is an essential strategy for risk management.
Offshore companies can facilitate easier access to international markets and diversify your business operations. This can open up new opportunities for growth and expansion.
Offshore jurisdictions often have fewer regulatory requirements, making it simpler and quicker to establish and operate your company. This allows you to focus on what matters most—growing your business.
We at Plan C Network support your offshore company setup with expert advice and accomplishing all other legal formalities. Our knowledgeable team of workforce select from the right UAE location to establish your offshore business.
RAK International Corporate Centre (RAKICC) is a premier offshore company formation authority based in Ras Al Khaimah, UAE. It provides a robust framework for establishing offshore companies, offering a variety of benefits tailored to global entrepreneurs and businesses looking for a secure and advantageous jurisdiction.
The British Virgin Islands (BVI) is a leading offshore jurisdiction known for its business-friendly regulations, political stability, and favorable tax environment. The BVI is a popular choice for entrepreneurs and businesses looking to establish offshore companies due to its streamlined processes and numerous advantages.
The Cayman Islands is one of the most sought-after offshore jurisdictions globally, renowned for its robust legal framework, favorable tax environment, and strong privacy protections. Businesses looking to establish offshore companies often choose the Cayman Islands for its numerous advantages.
Mauritius is increasingly recognized as a premier offshore jurisdiction, offering a strategic gateway to Africa and beyond. With its business-friendly environment, attractive tax incentives, and strong legal framework, Mauritius presents a compelling option for companies looking to expand their international footprint.
We start by understanding your business needs and goals, helping you choose the most suitable free zone.
Our team handles all the paperwork, ensuring your application meets all regulatory requirements.
We facilitate the company registration process, obtaining your trade license and all necessary permits.
We assist with visa processing and bank account opening, ensuring a smooth start to your operations.
Starting a business in UAE? We can help you set up in a Freezone, on Mainland or Offshore.
Our FAQ section provides concise and easily understandable responses to all of your inquiries pertaining to our services.
An offshore company is a business entity registered outside your country of residence, typically in a low-tax or no-tax jurisdiction.
Benefits include tax optimization, enhanced privacy, asset protection, easier access to international markets, and reduced regulatory burdens.
The necessary documents typically include proof of identity (such as a passport), proof of address (like a utility bill), and details about the proposed business activities. Additional documentation may vary depending on the jurisdiction.
The timeframe varies by jurisdiction and complexity, but most setups can be completed within a few weeks.
No, many offshore jurisdictions allow non-residents to establish and manage companies.
Yes, offshore companies are legal entities established in compliance with the laws of the respective jurisdictions. However, it’s essential to ensure that your offshore activities adhere to both local and international regulations.
By delivering superior solutions, we continuously surpass our clients' expectations. Get in touch with us for a free quote!
Your one-stop destination for comprehensive business support services in the UAE.
Copyright © 2024 Plan C Network. All Rights Reserved.
Powered by Plan C Network