Opening Offshore Company

Offshore companies. On the territory of the Emirates, it is also possible to register companies in offshore zones. For such companies there are restrictions in terms of doing business in the country. However, they are allowed to act as founders of local and foreign companies.

Some free zones, such as JAFZA Free Zone, RAK ICC and Ajman also offer the possibility of creating offshore companies. Although offshore companies are considered only holding companies and cannot be used for operating activities, the benefits include fast registration and the absence of a minimum share capital.

Major Offshore Zones in the United Arab Emirates
+ RAK ICC

RAK International Corporate Centre (RAKICC) is a Corporate Registry operating in Ras Al Khaimah. The Emirate of Ras Al Khaimah is one of the greatly developed Emirates of the United Arab Emirates and an ideal location for international business.

RAK ICC offers businesses and individuals a wide range of comprehensive services and structures that are dedicated to non-residents.

A company in Ras Al Khaimah can be registered with RAKICC only through a registered agent. Registration takes place very quickly - after the submission of documents, within two business days the company will already be created.

One of the advantages of RAK ICC is that it allows its owner to conduct almost any type of activity; in addition, it allows you to conduct several activities of the same company at once, for example, you can conduct such activities as trade, consulting, construction, real estate, marketing, travel and tourism and other activities.

RAK ICC is fully exempt from all taxes. The status of the company can be easily confirmed by a tax exemption certificate.

+ JAFZA

JAFZA Offshore была образована на основании Правил Работы Офшорных компаний в СЭЗ Джебел Али от 2003 года (Jebel Ali Free Zone Offshore Companies Regulations 2003) при свободной экономической зоне JAFZA, одной из старейших в ОАЭ и крупнейших в мире. Данная СЭЗ находится в эмирате Дубай.

+ AJMAN

Ajman Offzhore Zones. Ajman offshore companies are registered with Ajman Free Zone (AFZ) situated in the Emirate of Ajman, United Arab Emirates. These offshore companies are referred to as International Business Companies or offshore companies under the applicable regulations. AFZ is a state-of-the-art Registry and follows international standards and best practices adopted by other offshore jurisdictions around the world.

AFZ keeps confidentiality of shareholders as top priority and their identity is kept strictly confidential in accordance with the law.

Ajman offshore companies can serve multiple objectives such as asset protection, trading, tax planning, real estate holding and estate planning.

Ajman offshore companies are quick and easy to set up and require only one director and shareholder as a basic requirement. The shareholder and director can be the same person.

+ ADGM

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global hub for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as IFC governs the Al Maryah Island which is a designated financial free zone. It enables registered financial institutions, companies and entities to operate, innovate and success within an international regulatory framework based on Common Law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for two consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.

+ DIFC

Dubai International Finance Center (DIFC), Dubai International Finance Center, is located in the center of Dubai, making it an ideal center for companies wishing to participate in the rapidly growing financial markets of the Middle East, Africa and South Africa.

DIFC provides its own independent regulatory and judicial system, common law legal framework, global financial exchange, a favorable tax regime and a large cosmopolitan business community. DIFC houses hundreds of financial institutions, wealth funds and private investors, as well as multinational corporations. There are retail outlets, cafes, restaurants, residential premises, parks, hotels and art galleries.

DIFC is suitable for creating companies from the regulated financial sectors of the banking industry and capital management (DIFC employs 17 of the 20 largest banks in the world), and for companies from non-regulated sectors.

The main reason why DIFC is considered one of the most prestigious free zones in the UAE are strict requirements for the company registration process.

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