Offshore Companies are virtual companies with no office requirement or visa eligibility. The shareholders will get certificate of incorporation or provide required documents and sign their memorandum and article of association with offshore authority. Presence of expat is not required thus the company can be formed in two days subject to government approval. Offshore companies can hold bank account without any shareholder being a resident of the country.
Different Offshore Jurisdictions In UAE
AJMAN OFFSHORE SETUP
Dubai Airport Free Zone (DAFZA) was established as a free economic zone in 1996 as part of the Dubai Government’s strategic plan to be an investment driven economy it is one of the fastest growing free zones in the region contributing 4.7 per cent of Dubai’s GDP (gross domestic product).
JAFZA OFFSHORE SETUP
Jebel Ali Offshore Company is the Jebel Ali Free Zone Authority (JAFZA) introduced regulations in 2003 for the establishment of Jebel Ali Free Zone Offshore Companies. The international business community can now establish offshore entities at JAFZA in line with other international offshore jurisdictions.
RAK OFFSHORE SETUP
RAKIA Offshore established by the Ras Al Khaimah Investment Authority (RAKIA) may not seem the obvious choice of jurisdiction, but a closer examination of the benefits that RAKIA and the UAE have to offer makes this venue an attractive option.
ADGM OFFSHORE SETUP
ADGM is committed to providing a highly-efficient, business friendly and transparent registration platform to facilitate and process all of its dealings, We handle handles all aspects of incorporation, registration and licensing of legal entities in ADGM.
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