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Offshore Company Formation

Introduction to Offshore Company Formation

Offshore company formation in the UAE offers a strategic advantage for businesses looking to operate internationally with enhanced privacy and asset protection. This type of setup is ideal for holding companies, international trading, and investment firms.

 

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Advantages of Offshore Company Formation

  • Tax Efficiency: No corporate or personal income taxes.
  • Confidentiality: High level of privacy and confidentiality.
  • Asset Protection: Enhanced protection of assets from legal risks.
  • Flexibility: Flexibility in global business operations and banking.
  • Ease of Management: Simplified administrative and regulatory requirements.

Steps to Setup a Offshore Company Formation:

  • Select an Offshore Jurisdiction: Choose from offshore jurisdictions such as Jebel Ali Free Zone (JAFZA) or Ras Al Khaimah International Corporate Centre (RAK ICC).
  • Register a Trade Name: Ensure the trade name is unique and complies with the jurisdiction’s regulations.
  • Submit Application: Complete and submit the application form along with the necessary documents.
  • Draft Legal Documents: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA).
  • Open Bank Account: Open a corporate bank account in the UAE or internationally.
  • Obtain Certificate of Incorporation: Receive the certificate of incorporation after approval.
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