Offshore Company Formation in UAE
ADAM Global – Award-Winning Registered Offshore Agency in the UAE
ADAM Global is a name trusted since 2002 for Companies like yours from all over the world to set up, grow and expand their business in the Middle East and specifically the United Arab Emirates. We put your ambitions at the centre of everything we do and hold your hand throughout your business journey.
Are you interested to know, understand and learn all about offshore company formation in the UAE? You have come to the right place. ADAM Global is an award-winning offshore agency for all UAE based offshore jurisdictions. Browse through these quick links on this page to find out more on offshore company set up in the UAE.
award winning
Offshore agency for all
UAE based offshore Jurisdictiors
Quick Facts about the United Arab Emirates (UAE)
The United Arab Emirates is a country situated on the end of the Arabian Peninsula, bordering the states of Saudi Arabia and Oman as well as sharing a maritime border with Qatar and Iran.
The country is a federation of the seven emirates or cities and constitutes of Abu Dhabi (the capital), Dubai, Sharjah, Ajman, Ras Al Khaima, Fujairah and Umm Al Quwain
The UAE enjoys a quite strategic location, substantial financial reserves, sizeable sovereign wealth fund, promising investor home economies as well as consistent government spending.
Foreign Direct investments contribute to a stable and progressive economy with the focus of the government being primarily on economic diversification.
Why Businesses are choosing UAE for their Offshore Company Formation
Long Term Value
UAE is ranked #1 regionally & #7 globally in terms of long term value creation of their resources among 62 other countries.
Competitiveness
UAE’s Competitiveness is ranked # 1 worldwide across 23 indicators, including Government Decision and Global Talent.
Ease of Doing Business
UAE is ranked 1st in the Arab World and 11th internationally in the “Ease of Doing Business Report” published by World Bank that evaluated 190 countries across several factors.
Stable Economy
The UAE has a robust economic outlook moving away from the oil-driven economy by diversifying its income resources via the Vision 2021 strategy set forth by the ruler.
Government Spending & Support
The UAE has injected over 300 Billion AED to encourage economic growth via innovation initiatives. So far, over 100 Initiatives are ongoing, all promoting a versatile digital economy.
Excellent Arbitration System
The UAE laws outline the rights of every citizen and promote equality regardless of race, religion, gender, nationality or social position. It also has well-defined laws to protect the interest of business owners and their businesses
Safety & Security
The UAE is known to be one of the safest and most secure countries in the world. In an official survey conducted recently, over 96.1 % of citizens said they feel safe and secure in the country.
The Business Environment- Understanding Offshore Company Formation in UAE
What is Offshore Company Formation in UAE?
The word offshore literally means a location that is situated outside the national boundaries of the place of one’s permanent residence. Offshore Company also often referred to as an International Business Company is a legal entity that is incorporated in a foreign country other than that of the company’s principal’s residence, i.e. shareholder, director, owner, partner etc.
An International Business Company or Offshore Company is a legal entity (usually a holding structure) without the ability to conduct any sort of substantial business activity within the country of incorporation. An offshore company is often incorporated to reap benefits usually not available in the country of residence. These include advantages such as tax savings, tax efficiency or optimisation, asset protection from lawsuits, or merely to increase the opportunities for foreign business.
Why Switch to the UAE for Your Offshore Company Formation?
Among the numerous advantages an Offshore Company formation in UAE has to offer, it is incorporated mainly for international trading, protection of assets, tax planning, purchasing or holding real estate properties in the designated areas of UAE, acquisition of shares of other companies, trust funds etc. Least should there be a doubt on criminal activity, the identity of the beneficiary is kept strictly confidential and anonymous by law. It is possible to open and maintain a bank account with an offshore company in the UAE, and the company may either choose to be governed by the UAE law or by that of the applicant’s country. Other benefits are as listed below;
- 100 % Foreign Ownership
- Tax Efficiency
- 0% Personal or Corporate tax in the UAE
- Cost-effective and easy incorporation process in the UAE
- Open Multi-Currency Bank Account
- Reduce Operational Cost
- No minimum share capital required
- Conveniently transferable shares
- Limited Liability Company, i.e. limited to the shares in the capital of the company.
- Better access to International funding
- Access to an optimised business-friendly legal system
List of Offshore Jurisdictions - In the UAE
There are currently three offshore jurisdictions in the United Arab Emirates. ADAM Consulting is an award-winning registered offshore agent for all three.
1
Dubai Offshore
( JAFZA)
2
Ras Al Khaima
International Business
Corporation (RAK IBC)
3
Ajman
Offshore
List of Offshore Jurisdiction outside the UAE
There is a comprehensive list of jurisdictions outside the UAE for an offshore company formation. Among those are popular offshore destinations such as British Virgin Island(BVI), Cayman Islands, Seychelles, Singapore and Hong Kong as well as Malta and Anguilla.
- Andorra Offshore Company Formation
- Anguilla Offshore Company Formation
- Antigua Offshore Company Formation
- Antilles Offshore Company Formation
- Aruba Offshore Company Formation
- Bahamas Offshore Company Formation
- Barbados Offshore Company Formation
- Belize Offshore Company Formation
- Bermuda Offshore Company Formation
- British Virgin Islands Offshore Company Formation
- Brunei Offshore Company Formation
- Cayman Islands Offshore Company Formation
- Cook Islands Offshore Company Formation
- Costa Rica Offshore Company Formation
- Cyprus Offshore Company Formation
- Delaware Offshore Company Formation
- Gambia Offshore Company Formation
- Gibraltar Offshore Company Formation
- Grenada Offshore Company Formation
- Guatemala Offshore Company Formation
- Guernsey Offshore Company Formation
- Hong Kong Offshore Company Formation
- Ireland Offshore Company Formation
- Isle of Man Offshore Company Formation
- Jersey Offshore Company Formation
- Jordan Offshore Company Formation
- Labuan Offshore Company Formation
- Lebanon Offshore Company Formation
- Liberia Offshore Company Formation
- Liechtenstein Offshore Company Formation
- Luxembourg Offshore Company Formation
- Madeira Offshore Company Formation
- Malta Offshore Company Formation
- Marshall Islands Offshore Company Formation
- Mauritius Offshore Company Formation
- Nevada Offshore Company Formation
- New Zealand Offshore Company Formation
- Panama Offshore Company Formation
- Samoa Offshore Company Formation
- Seychelles Offshore Company Formation
- Singapore Offshore Company Formation
- Switzerland Offshore Company Formation
- Trinidad and Tobago Offshore Company Formation
- Turks and Caicos Islands Offshore Company Formation
- Vanuatu Offshore Company Formation
The Process of Offshore Company Formation Documents: What are the documents required for an Offshore Company Formation?
To register an offshore company in the UAE, the applicant who is either natural or juristic must submit, along with other supporting documents, a duly signed application form to the offshore company’s registrar.
The application form contains information on the proposed capital. The application form will require the shareholder’s full name and addresses as well as the number of shares held by each along with their proposed value. The shareholder may decide to either nominate minimum one director who can be from among them or appoint an outside individual. The application is to be submitted along with the company’s proposed memorandum and articles of association.
Other Documents include the following
Individual Applicant
1. CV/Resume of the applicant
2. Applicant’s Passport Copy
3. Reference letter from Bank
4. Proof of Residence (any document such as utility bills that verifies the address of the applicant)
5. Passport copy of nominated Director
6. A notarized Power of Attorney duly attested by UAE Embassy/Consulate in favor of ADAM Global to pursue the incorporation procedure on behalf of the applicant.
Corporate Applicant
The following documents shall be duly attested by the UAE embassy in the country of incorporation.
1. Company’s Registration Certificate
2. Certificate of good standing
3. Applicant Company’s Memorandum & Articles of Association
4. Board Resolution for offshore company establishment, director’s appointment and legally permitting ADAM Global as a legal representative of the company.
Other Document/s:
5. Reference letter from Bank
Costs: What is the price for an Offshore company formation in UAE?
The cost will ultimately depend on the offshore jurisdiction, the type of package and other particular factors; however, below is a breakdown of general cost for offshore company setup. These fees are only estimates.
UAE Offshore Company Formation Comparison Chart
| Dubai Offshore(JAFZA) | RAK IBC | Ajman Offshore | |
|---|---|---|---|
| Total Company Setup Cost | Subsequent Year Cost | ||
| Time of Incorporation | 2 WEEK | 24 HOURS | 24 HOURS |
| How long for Bank Account | 2 WEEK | 3 WEEK | 3 WEEK |
| Can open a corporate bank account? | YES | YES | YES |
| Resident Shareholder or Director Required? | NO | NO | NO |
| Are you allowed to do business within the UAE? | NO | NO | NO |
| Can Invest in UAE Real Estate? | YES | YES | YES |
| Bearer Shares Allowed? | NO | NO | NO |
| Bearer Shares Allowed? | 1 | 1 | 1 |
| Resident Company Secretary? | NO | NO | NO |
| Min # of shareholders? | 1 | 1 | 1 |
| Annual Accounting & Tax Obligations? | YES | YES | NO |
| Maintain Accounting Records? | YES | YES | YES |
| Apply for UAE Immigration Visa? | NO | NO | NO |
| Can rent office space? | YES | NO | NO |
Offshore Company Process:
How to start or register your Offshore Company in the UAE
At ADAM Global, we guide you and hold your hand through each step of your business journey. Although the process is quite detailed, below is an 8 Step Process highlighting the essential incorporation procedure for your offshore company formation in the UAE with our highly experienced staff. The process, if all documents are complete, usually takes less than 1 week and depends on the offshore jurisdiction your ADAM Global advises.
1
STEP
Consult and ADAM Advisor to select the right offshore.
2
STEP
Submit all documents
3
STEP
We file an application
4
STEP
We get approval for company name & activityl
5
STEP
Signature on the incorporation documents
6
STEP
Submission to Registrar of relevant authority
7
STEP
You will be notified when your company is approved
8
STEP
Open Corporate Bank Account.We can assist
How Can ADAM Global Assist me in an Offshore Company Formation in the UAE?
ADAM Global is an award-winning registered offshore agent with all three offshore jurisdictions in the UAE. Our experts are all highly experienced consultants who have assisted clients from all over the world in order to optimize tax, protect their assets and advise on foreign business opportunities. ADAM Global is a pioneering trusted name in the UAE since 2002.
We do not simply assist in the incorporation of business but hold your hand throughout your business journey. We offer ;
- Complimentary advise and bespoke consultancy with a highly experienced business advisor
- Registered Office with PO Box
- Registered agent
- Preparation of Memorandum and Articles of Association
- Preparation of Memorandum and Articles of Association
- Preparation of Memorandum and Articles of Association
- Preparation of Memorandum and Articles of Association
- Filing with the registrar of companies
- Ongoing support locally as well as internationally
Avail attractive offshore packages ! Apply now for a free consultation
Frequently Asked Question on OffShore Services in UAE
You have more question about offshore company formation in the UAE. Browse through this section to get a quick overview or schedule a consultation with an expert business advisor
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