OFFSHORE SETUP

What is an Offshore Company?

Setting up an offshore company in the UAE offers a wealth of opportunities for businesses looking to expand their global reach, protect their assets, and enjoy significant tax advantages. Offshore companies are established in jurisdictions different from where their main operations are conducted, allowing for enhanced privacy, asset protection, and operational flexibility. The UAE, with its strategic location between Europe, Asia, and Africa, is a prime destination for offshore company formation, providing easy access to major international markets.

WHY Choose OFFSHORE SETUP

Choosing an offshore setup in the UAE offers significant benefits for businesses. The UAE’s strategic location provides excellent access to global markets, while robust asset protection ensures your investments are secure. Setting up is quick and straightforward, allowing you to maximize profits and operate with greater flexibility. With Hiraya Middle East, the process is seamless, providing expert guidance and personalized support to help your business thrive internationally.

Benefits of Mainland Setup

  • Tax Benefits: Enjoy zero corporate tax, zero personal income tax, and no value-added tax (VAT).

  • Full Foreign Ownership: Retain 100% ownership of your business without the need for a local partner or sponsor.

  • Confidentiality: Shareholder and director information is kept private, ensuring robust confidentiality.

  • Ease of Setup: Quick and straightforward registration process, often completed within days.

  • Asset Protection: Secure your assets in a stable and politically neutral environment.

  • No Currency Restrictions: Conduct transactions in any currency and freely repatriate profits.

  • Strategic Location: Benefit from the UAE’s prime location between Europe, Asia, and Africa, facilitating international trade.

  • Operational Flexibility: Engage in a variety of business activities such as international trade, consultancy, or holding assets.

  • No Office Requirement: Offshore companies do not require physical office space in the UAE.

Offshore Jurisdictions in the UAE

When you’re ready to set up your business in an Offshore setup, obtaining the right jurisdiction is a crucial step. The type of jurisdiction you need will depend on your business activities and the industry you are entering.

Jebel Ali Free Zone (JAFZA)

JAFZA Offshore is one of the most popular offshore jurisdictions in the UAE, known for its stringent compliance standards and strong regulatory framework. It is ideal for businesses seeking credibility and a solid reputation.

Ras Al Khaimah International Corporate Centre (RAK ICC)

RAK ICC is known for its flexibility, cost-effectiveness, and ease of incorporation. It offers a wide range of business activities and is a preferred choice for many international businesses.

Ajman Free Zone

Ajman Offshore is another attractive option, particularly for businesses looking for a cost-effective setup. It offers similar benefits as other offshore jurisdictions with lower setup and maintenance costs.

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