Operating an offshore business in the UAE is particularly beneficial for those involved in international trade and looking for a cost-effective way to establish their business in the UAE.
Offshore companies have become a popular choice among entrepreneurs and investors due to their business confidentiality and capital safety. The UAE government has shown its support for offshore companies, further contributing to their rise in popularity.
However, offshore businesses have their own set of regulations and laws that are geared towards investors. Our team of experienced professionals at Horizon Biz Consultancy can help you form a new offshore entity tailored to your specific needs and activities.
An offshore company in the UAE is a type of business entity that is registered in an offshore jurisdiction, such as Ras Al Khaimah or Jebel Ali Free Zone. These are, essentially, non-resident companies.
These companies are typically used for international trading and investment, and they offer several advantages such as tax exemptions, 100% foreign ownership, and business confidentiality.
Offshore companies are not allowed to do business within the UAE, but they can conduct business internationally. They are governed by the offshore company regulations of the relevant free zone or offshore jurisdiction.
Offshore companies offer a great deal of versatility and can be used for a variety of transactional activities, provided that they are carried out outside the boundaries of their registered jurisdiction.
These entities have the capacity to engage in a broad range of operations, such as buying and selling goods and services, opening and maintaining bank accounts, owning physical or digital assets, managing intellectual property, and performing typical business activities.
Some of the Most Common Permitted Activities in Offshore Companies Include
On the flipside, it is crucial to understand that
As a fully foreign-owned legal entity, offshore companies are not eligible for a trade or business license like mainland businesses.
Although offshore companies offer great flexibility and freedom to conduct a wide range of business activities, they do come with certain restrictions. These companies cannot carry out any business activities within the UAE or conduct business with anyone residing in the UAE.
However, the strategic location and network access with infrastructure support and ease-of-business UAE offers is unparalleled when done strategically for specific business activities.
We recommend you take the advantage of an Offshore Company Registration in UAE with the assistance of experienced offshore business consultants Dubai at Horizon.
At Horizon Business Consultancy, we are well-versed and experienced in Offshore Company Formation. In the UAE, there are primarily two dedicated Offshore Jurisdictions namely Jebel Ali Free Zone (JAFZA) and Ras Al Khaimah International Corporate Centre (RAKICC).
RAK has emerged as a popular option for entrepreneurs and investors considering offshore company formation in Ras al Khaimah (RAK) is a popular option for entrepreneurs and investors seeking to establish a business in the UAE.
RAK is one of the seven emirates of the UAE and offers several advantages for offshore companies, including a favorable tax system, flexible regulations, and a strategic location with great lifestyle options.
Offshore companies formed in RAK can conduct business activities outside the UAE, hold assets and intellectual property, and enjoy business confidentiality and capital safety.
Horizon can help you with a straightforward and quick setup for RAKICC Offshore Entity.
Jebel Ali is a prime location in Dubai that presents numerous advantages for those interested in offshore company formation. It boasts exceptional infrastructure, a strategic location, and a business-friendly environment, making it one of the most preferred options for investors seeking to establish offshore companies in the UAE.
With its extensive range of services and facilities, Jebel Ali is the ideal destination for companies engaged in international trade and investment. Businesses set up in Jebel Ali enjoy several tax exemptions and simplified legal procedures, allowing them to operate with ease and flourish in the region.
With the guidance of skilled offshore business setup consultants UAE, Horizon Business Consultancy, establishing an offshore company in Jebel Ali can be a stress-free process, enabling investors to concentrate on their core business operations.
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