Sigma Offshore
Offshore companies in the UAE are legal business entities that are set up to operate outside their registered jurisdiction.
Typically, offshore companies in the UAE are used for international business and financial activities, such as trading, investments, e-commerce.
Offshore businesses are usually set up to enjoy the Emirate’s favorable regulations, including low tax rates, 100% foreign company ownership, and a progressive business ecosystem.
Advantages of
Offshore Companies
Tax Benefits
One of the most significant advantages of setting up an offshore company in the UAE is the tax benefits. Offshore companies are often exempt from corporate and income taxes, making it an attractive option for businesses looking to reduce their tax liabilities legally.
Ease of Company Formation
The UAE provides a streamlined process for setting up an offshore company, which involves minimal bureaucratic red tape. The registration process is straightforward, and there is no requirement for a physical office space.
Confidentiality
Offshore companies in the UAE offer a high level of confidentiality and privacy. The details of shareholders and directors are not publicly disclosed, enhancing confidentiality and asset protection.
Offshore Jurisdictions
British Virgin Island (BVI)
The British Virgin Islands is one of the world’s leading and most popular offshore companies. BVI is a well-established business center with a robust financial services sector and a wide range of banking and investment options. Businesses in the British Virgin Islands enjoy an efficient and reliable telecommunications infrastructure, making it easy to stay connected to customers and business partners across the globe.
Jebel Ali Free Zone
Jebel Ali Free Zone Authority (JAFZA) is one of the world’s leading free zones for business and trade, serving as a significant catalyst for the UAE’s reputation as a global business hub.
Ajman Free Zone Offshore
Established in 1988, Ajman Free Zone (AFZ) is one of the first free zones in the UAE. As part of AFZ’s strategy of becoming a major contributor to the UAE’s conducive business ecosystem, it prioritizes specific sectors in health, education, advanced technology, retail, and food and beverage. The free zone is also the pioneer in offering investors flexible payment plans, smart offices, and warehouses in the UAE.
Setting up an offshore company
in the UAE
Select the Jurisdiction - 01
Decide on the specific offshore jurisdiction within the UAE where you want to set up your company. The most popular offshore jurisdiction in the UAE is Ras Al Khaimah (RAK) International Corporate Center.
Choose a Company Name - 02
Select a unique and appropriate name for your offshore company. The name should not be similar to any existing company names in the UAE.
Submit the Documents - 03
Prepare and submit the necessary documents to the registered agent.
Payment of Fees - 04
Pay the required fees for company registration, government licensing, and any other applicable charges.
Obtain a Trade License - 05
Once the registration process is completed and your company is incorporated, you will receive a trade license from the relevant licensing authority. The trade license permits your company to carry out the specified activities.
Open a Bank Account - 06
After obtaining the trade license, you can open a corporate bank account in the UAE for your offshore company. Each bank might have slightly different requirements.