Offshore Company Setup
Establish Your Offshore Company
- Ajman
- Jebel Ali
- RAK
- British Virgin Islands
- Mauritius
- Seychelles
Increase the Potential of Your Business with a Smooth Setup for Success.
Benefits of Establishing an
Offshore Business
Confidentiality
It is not mandatory for offshore companies to disclose their financial data or the personal information of their directors and shareholders in public records. Additionally, audits of offshore businesses are not necessary.
Fewer Liabilities
You can be sure that an offshore company will have its assets and possessions safeguarded in the event of legal action. They also provide investors with asset protection by erecting a barrier of law between the company's assets and outside parties.
Avenue to International Expansion
Establishing an offshore company with a UAE address will give a business instant credibility and open up new avenues for international collaboration and activity. Enabling you to open a bank account in the United Arab Emirates at the same time will provide you unrivaled access to a variety of currencies and international transactions.
Tax Incentives
The United Arab Emirates will impose a corporate tax rate of 9% in 2023. Offshore corporations are not subject to this tax, though, because they are not permitted to conduct business within the nation.
Set Up an Offshore Company
contingent on your business requirements:
- RAK ICC
- Jafza
- Ajman Free Zone
- British Virgin Islands
- Mauritius
- Seychelles
Ajman Free Zone Offshore Company Setup
One of the UAE’s original free zones, Ajman Free Zone (AFZ), was established in 1988. Prioritizing industries like health, education, retail, food and beverage, and cutting-edge technology, its goal is to become Ajman’s leading source of prosperity and happiness by 2030. Because of its special features, which include smart offices, warehouses, and flexible payment plans, AFZ is a great choice for foreign investors. In order to ensure a smooth start, Masar Al Ameen Business Setup offers comprehensive end-to-end solutions in the AFZ as well as expert assistance with the formation of offshore companies.
Advantages
- Quick Incorporation Process at a Prestigious Dubai Address
- Exempt from all taxes
- Foreign ownership is permitted in its entirety.
- Discreet and anonymous
- There are no requirements for paid-up share capital or audits.
- Jurisdiction that is well-known over the world
Requirements for Setting Up an
Offshore Company in Ajman Free Zone
- Application Form
- Passport Copies of Shareholders
- Copy of UAE Entry Stamp Page
- Original Bank Reference Letter from all Shareholders
- Proof of Residency for all Shareholders
- Curriculum Vitae or Profile of Shareholders
- If shareholders are corporate bodies, submit these additional documents: Board Resolution awarding Power of Attorney, Certificate of Incorporation, Certificate of Good Standing, and Memorandum of Association
Jebel Ali Free Zone (JAFZA)
Jebel Ali Free Zone (Jafza) is a global hub for tens of thousands of businesses from more than a hundred countries, and it has a well-deserved reputation as a trade catalyst both locally and globally. The Free Zone Accounts For 23.8 Percent Of Dubai’s Total GDP, Making It One Of The UAE’s Fastest Growing Free Zones. Jafza Is A Manufacturing And Trading Industry Integrated Business Hub.
Some of the world’s most successful businesses are located in the Free Zone. These businesses have selected Jafza as their regional headquarters, paving the way for global connectivity. MasarAlAmeen Can Assist You In Establishing Your Business In Jafza And Becoming A Vital Member Of The UAE’s Dynamic Business Community
Advantages
- Low Initial Investment – The initial investment to form your new offshore business starts at AED 20,500.
- Ownership of property, including Dubai, with a prestigious Dubai address
- Process of Incorporation in a Short Time
- 100 percent foreign ownership is authorized and is tax-free.
- Discreet and anonymous
- There is no minimum share capital requirement.
- Internationally renowned jurisdiction
- Opening a bank account is simple and flexible.
Requirements for Setting Up a
JAFZA Offshore Company
- Application for Certificate of Incorporation
- Passport Copy of Shareholders
- Curriculum Vitae of Shareholders
- Recent 6-month Bank Statement of the Company.
- Certificate of Good Standing
- Latest Utility Bill as Proof of Residency, for individual shareholders
- For corporate shareholders: Board Resolution awarding Power of Attorney, Memorandum of Association (MOA), Articles of Association (AOA), Certificate of Good Standing.
- Note: Additional documents may be requested, impacting the overall JAFZA Company Setup Cost and JAFZA Trade License Cost.
International Corporate Centre (RAK ICC)
Ras Al-Khaimah International Corporate Centre (RAK ICC) is one of the MENA Region’s jurisdictions that is growing at the fastest rate. It is well known for upholding and respecting global norms and for making the incorporation process simpler for RAK ICC offshore businesses.
Advantages
- The RAK ICC portal offers a streamlined, single-day incorporation process for offshore companies.
- RAK ICC offshore companies have no limit on the number of shareholders.
- RAK ICC company formation does not require a physical office.
- RAK ICC offshore companies have access to common law courts, including ADGM and DIFC.
- Provides a range of legal structures suited for various business needs, ideal for RAK ICC company formation.
Requirements for Setting Up an
Offshore Company in RAK ICC
As a RAK ICC Offshore Company with a Single Shareholder
- Notarized Passport Copies
- Bank Reference Letter addressed to the RAK Offshore Authority
- Proof of Residency
- Curriculum Vitae
- Bank Statement for the last six months of the Company
As a RAK ICC Offshore Company with Multiple Shareholders
- Applicant Company’s Attested Photocopy of Business License or Incorporation Certificate
- Attested Memorandum of Association for RAK ICC company formation
- Attested Shareholder’s Resolution
- Passport Copies of all Directors and Shareholders
- Certificate of Good Standing
- Incumbency Certificate of the Company
- Note: Authorities may request additional documents for RAK ICC company formation.
British Virgin Islands (BVI)
The British Virgin Islands (BVI) is the world’s most popular offshore jurisdiction, registering more businesses per year than any other offshore jurisdiction – over 750,000 firms have been created in the BVI since 2004. In addition, the jurisdiction is listed on the OECD’s “white list,” indicating a stable political environment and high regulatory and compliance standards. The BVI offshore company allows for a wide range of commercial activities, from a simple holding company to all forms of consulting and trade.
By selecting Masar Al Ameen Business Setup as your registered agent, you will have access to a prestigious address in Dubai’s premier business district, located in the shadow of the Burj Khalifa, where you will be able to use the impressive meeting rooms and work facilities.
Advantages
- Low Startup Cost
- Prestigious Dubai Address
- Speedy Incorporation Process
- 100% Tax Free
- Globally Respected Jurisdiction
- Confidentiality
- Flexible Share Structure
- Succession Planning
- Favorable Legal Framework
Mauritius
Setting up an offshore company in Mauritius comes with many value-added gains.The country presents many advantages to foreign investors, entrepreneurs, multinational companies, consultants and E-commerce businesses for the setting up of an offshore company. It stands on the 13th position internationally for ease of doing business, and for Good Governance (Ibrahim Index of African Governance – IIAG).
Mauritius also has an extensive network of Double Taxation Avoidance Agreements (DTAAs) and Investment Promotion Protection Agreements (IPPAs) with several countries, and is considered a flexible, safe, and reliable region for carrying out business operations.
The tax system is also a distinctive feature of Mauritius. While the tax rate is unique (15%) for corporate and individuals, there is no Withholding Tax on dividends, no Capital Gains Tax and no capital duty on issued capital.
The country respect all international standards in terms of compliance (with strict Know Your Client and AML regulations), and institutions respects the confidentiality of company information and allows free repatriation of profits and capital.
Benefits of offshore company in Mauritius
- Easy for foreigners to open a company
- Business-friendly legislation and cost-effective jurisdiction
- Economic and political stability
- Presence of internationally recognised banks
- Easy procedures from company redomiciliation
- No exchange control
- No restrictions on trading
- Double Taxation treaties with many countries
- Privacy and security of information
- A pool of highly qualified bilingual professionals
- Convenient time zone
- Transparent, safe and internationally compliant jurisdiction.
- Confidentiality
- Flexible Share Structure
- Succession Planning
- Favorable Legal Framework
Seychelles
Seychelles has become a popular destination for investors due to its favorable tax policies and lack of financial reporting requirements for offshore companies. The country is renowned as a global offshore financial center with a rapidly expanding international company incorporation market.
Establishing an offshore company in Seychelles, known as a Seychelles IBC (International Business Company), is an efficient way to protect assets and optimize tax planning. The incorporation process is quick and straightforward, suitable for both low-budget startups and well-established businesses.
Seychelles offshore companies can only conduct operations and enter into contracts with entities outside of Seychelles. They benefit from tax-free status and minimal record-keeping requirements, making them ideal for international business activities.
Advantages
- The earnings of an IBC company are fully tax-exempted
- Smooth repatriation of capital outside Seychelles
- No publicly available records of the details of the beneficial owners of a Seychelles formed a company
- No statutory requirements for annual filing of accounts of the company return for IBCs
- no share capital requirements
