Starting an Offshore Business is comparatively simple compared to starting a business in Mainland or Free Zones in UAE. I’ve been working as a Business setup consultant at BMS Auditing for years and assisted a range of companies to establish their business in UAE. So, I’ll guide you through the process of Offshore company formation in UAE.
An offshore company in the UAE is a legal entity that is incorporated in a jurisdiction outside of the UAE and registered with the UAE authorities to conduct business activities outside of the UAE. Generally, the process includes selecting a registered Business setup agent, submitting the necessary documents, and obtaining the required licenses and permits.
Do you know why Businesses choose to start an offshore business?
Setting up an offshore business gives you the following advantages
- Expand your market internationally
- Anonymity in Business
- Ensures multiple tax benefits
- Easy Setup
- Access to better global funding
What are the types of Offshore available in UAE?
- RAK ICC
- AJMAN
- JAFZA
Each offshore has different advantages and time periods to register a business.
Offshore business setup Procedure:
1. Choose the right name for the company: The initial step is to verify the name of the company with the registrar
2. Fill out the application: Once the name is selected for the business or the company, we have to fill up an application form with relevant documents. The required documents may vary depending on the individuals and corporates.
3. Submit the relevant documents: Once we collect the required documents, we submit them to respective authorities who review and declare approvals.
4. Compose the MOA and the AOA: After receiving approval, we must write the Memorandum of Association (MOA) and Articles of Association (AOA) in English for International Business.
5. Open an Offshore Business Bank Account: The final step is to open a bank account for an offshore company so that company owners may conveniently conduct commercial activities.
Read more about the procedures and document requirements here clearly
Offshore Company Formation in Dubai, UAE | JAFZA, RAK & AJMAN
You can also simply Start an Offshore Business in UAE in RAK ICC, AJMAN or JAFZA Offshores through BMS Corporate
Company Formation Services and gain the benefits of Offshore.
