Offshore Company Registration
What is Offshore Company Registration?
Offshore company registration refers to the incorporation of a business entity outside the country of residence of its owner, normally in jurisdictions that will extend financial, legal, and taxation benefits. Usually, such an offshore company is not allowed to be involved in business activities within the country where the owner is domiciled; thus, this would be more appropriate for international business.
Why Establish Your Business as an Offshore Company in the UAE?
The UAE is, therefore, considered to be a destination of choice for setting up an offshore company with its robust legal framework, strategic geographic location, and encouraging tax environment. Features like these make the UAE an ideal place to set up an offshore company for privacy, asset protection, and as a gateway to international markets. An offshore company established in this country with zero corporate tax and a high degree of confidentiality has a strategic edge over other countries for global operations.
Benefits of Offshore Company Registration
- 100% Foreign Ownership
- Zero Corporate Taxes
- Confidentiality and Privacy
- Protection of Assets
- Ease of International Transactions
- Minimal Reporting Requirements
How to Register an Offshore Company
Choose the Right Jurisdiction
Select the UAE Offshore jurisdiction that will best serve your business goal, such as JAFZA or RAK ICC.
Define Your Business Activities
The areas of activity are usually defined by the international trading, holding assets, or ownership of property by the offshore company.
Choose a Company Name
It should be unique and follow the naming conventions of the chosen jurisdiction.
Submit Your Application
It will help in preparing and submitting all the required documents including shareholder and director details to an offshore relevant authority.
Get Your Certificate of Incorporation
On approval, get your incorporation certificate and other legal documents, which will lead to commencement of operation.
Documents Required
Passport copies of shareholders and directors
Proof of address
Bank reference letter
Memorandum and Articles of Association. MOA
With all these benefits, making your company an offshore entity registered in the UAE provides a strong platform for international business expansion. CAS Services is here to help you with high-quality solutions at every step along the process with finesse and expertise.
FAQs
Identity proof, proof of address, and details of the company's directors, details of shareholders etc are the essential documents, which is required for offshore company registration.
Yes, an offshore company can used for international trade and business activities, which is benefiting from favourable trade regulations.
Yes, offshore companies often have ongoing compliance requirements such as annual reporting, accounting, and local agent maintenance.
Yes, you can open a bank account for your offshore company and it may require additional documentation and due diligence by the bank.
Costs for offshore company registration include registration fees, annual maintenance fees, and possibly legal and accounting services, varying by jurisdiction.
