Offshore company setup in the UAE ᐅ Make the right choice!

ᐅ What are the steps to set up an offshore company in the UAE?
To set up an offshore company in the UAE, we begin by determining the most suitable jurisdiction, whether it is in a Dubai Free Zone or Ras Al Khaimah (RAK). We assist you in preparing the required documentation, including a detailed business plan, passport copies, and proof of address. After that, we submit the application to the relevant authority, register the company, and help with obtaining necessary licenses. Finally, we can assist you in setting up a bank account for your company.

ᐅ What is the cost of setting up a Ras Al Khaimah offshore company?
The cost of Ras Al Khaimah (RAK) offshore company formation typically comprises registration fees, local sponsor or service agent fees, and any additional service fees. We ensure our clients are well-informed about all associated costs, which can vary based on specific requirements, but on average, it starts as low as several thousand AED.

ᐅ Are there any advantages of incorporating an offshore company in Dubai?
Yes, incorporating an offshore company in Dubai offers several advantages, such as 100% foreign ownership, zero corporate tax, and no personal income tax. Additionally, it provides enhanced privacy and confidentiality for the shareholders, as well as flexibility in managing international business operations.

ᐅ How long does it take to open an offshore company in Dubai?
We usually find that the entire process to open an offshore company in Dubai takes between two to four weeks, depending on the specifics of the application and the responsiveness of various regulatory bodies. Our efficient team strives to expedite this process for our clients.

ᐅ What are the common types of offshore companies in the UAE?
In the UAE, there are primarily three types of offshore companies: RAK Offshore Companies, Dubai Multi Commodities Centre (DMCC) Companies, and Ajman Free Zone Companies. Each offers its own benefits and opportunities, and we guide our clients to choose the structure that best fits their business objectives.

ᐅ What are the requirements to register an offshore company in the UAE?
To register an offshore company in the UAE, we require a minimum of one shareholder and one director, both of whom can be individuals or corporate entities. Additionally, documentation such as passport copies, proof of residence, and a clear business plan are required for effective registration.

ᐅ Can an offshore company in the UAE operate in the local market?
Generally, offshore companies in the UAE are not permitted to conduct business directly within the local UAE market. Instead, they can operate internationally and may require a local agent or partner for any activities conducted onshore. We assist you in navigating these regulations to ensure compliance.

ᐅ What is the cost to set up an offshore company in Ajman?
The cost of setting up an offshore company in Ajman varies and is generally competitive relative to other jurisdictions in the UAE. Our services include a full breakdown of costs, which generally encompass registration fees, local agent fees, and additional costs for services required during the setup.

ᐅ Which is the cheapest offshore company formation in the UAE?
Ras Al Khaimah is often regarded as offering the most cost-effective solutions for offshore company formation. However, prices can vary based on the structure and services chosen. We at Cassius Law provide comprehensive cost evaluations to ensure you receive value for your investment.

ᐅ Can I open a bank account for my offshore company in the UAE?
Yes, we assist our clients in opening bank accounts for their offshore companies in the UAE. Each bank has specific requirements, including verification of company registration documents and identification of company shareholders. We help streamline the process to ensure a smooth opening.

ᐅ What are the compliance requirements for offshore companies in the UAE?
Offshore companies in the UAE must adhere to specific compliance obligations, including annual renewals of licenses, maintaining updated records, and submitting necessary financial reports, depending on the jurisdiction. Our team ensures that you remain compliant and avoid any regulatory issues.

ᐅ Can I transfer an existing offshore company to the UAE?
Yes, it is possible to transfer an existing offshore company to the UAE, but this process involves careful steps and adherence to regulations from both the current jurisdiction and the UAE. We provide professional advice and assistance throughout the transfer process to ensure legality and effectiveness.

ᐅ What is Ajman Free Zone offshore company formation?
Ajman Free Zone offshore company formation allows businesses to simplify registration and enjoy benefits such as 100% foreign ownership and tax exemptions. We help clients navigate the formation process while ensuring they understand the zone's unique features and requirements.

ᐅ What is included in Dubai offshore company formation services?
Our Dubai offshore company formation services cover everything from selecting the right jurisdiction to helping you prepare and submit your application. We also offer ongoing legal support, tax advisory, and guidance on compliance requirements, ensuring your business operates smoothly from day one.

As experts in offshore company formation, we at Cassius Law are dedicated to providing personalized guidance tailored to your needs. If you are considering setting up an offshore company in the UAE, please do not hesitate to reach out to us for professional advice and support. We look forward to helping you achieve your business goals in the UAE.