FAQ’s about Offshore company setup
What are the available jurisdictions for offshore company formation in UAE ?
There are three offshore jurisdictions available for offshore company formation in UAE. (RAK ICC,JAFZA & Ajman
What are the available jurisdictions for offshore company formation in Dubai ?
There is only one offshore jurisdiction for offshore company formation in Dubai which is in Jebel Ali Free zone and called JAFZA offshore.
Can a person be a Shareholder in more than one offshore companies in Dubai?
Yes! A person can be a Shareholder in more than one offshore companies on the same time in Dubai. Moreover an offshore company (BVI or seychelles) can be a shareholder of Dubai offshore company.
Can a person obtain visa and rent an office through an offshore company formation Dubai?
No ! under offshore company formation the shareholders cannot get a residency visa and cannot open an office in Dubai.
Can I choose a name for my Dubai offshore company?
Yes, A person can choose a name for his offshore company formation in Dubai. In Offshore company formation form you can provide three names with (Limited or Incorporated) suffix. The Offshore authority will check the availability and approve the one which would be available.
Can I be a shareholder and director at the same time In offshore company Dubai?
Yes. The UAE offshore companies allows to a person be a shareholder and director on the same time.even the same person could be the secretory of the offshore Company in Dubai?
Can I protect assets through Dubai Offshore Company?
Yes, the biggest benefit of Dubai Offshore company formation is to protect your assets and minimize your tax. The UAE Law allow to open an offshore bank account to protect your assets.
Do I need to visit UAE for my offshore company formation in Dubai?
For offshore company setup in Dubai, if the client cannot visit UAE then we may require the certain notarized documents. So we can setup an offshore company on his/her behalf but to open the bank account he /she have to travel to Dubai. So we do recommend our client to at least make one visit even for one day and we can manage everything for them in one day.
Passport copies of all shareholders.
Application Documents. (including MOA, Agent Appointment letter, Declaration Letter, Consent Letter to act as director and Secretary of the company) (We will prepare and send all documents via email.)
Do I have to pay an annual fee for renewal of my Dubai offshore company?
The answer is Yes, there is annual renewal fee for an offshore company in Dubai.
What is the difference between Free zone and offshore company in Dubai?
A free zone company is residence company. Where as an offshore company is call a non residence company. Under free zone company you can have visa and office space but offshore company does not allow any sort of visa or office space in UAE. However, both free zone company or offshore company can get the bank account in Dubai.
How much time required to setup an offshore company in Dubai - UAE
There are 5 to 7 working days require to set up an offshore company.
How to Register an offshore company in Dubai?
The offshore company formation in Dubai can be done only through a registered agent. The easy way to setup an offshore in Dubai – UAE is to get in touch with us. You can ask for a call back request through our website and our specialist will call you ASAP.
We RIZ & MONA CONSULTANCY are available for guiding you more about the RAK ICC Offshore Company in RAK Free zone or for others offshore jurisdictions.
- RAK ICC Offshore Company absolute privacy, confidentiality and protection of assets and information
- By RAK ICC Company setup will allow you100% foreign ownership
- Choice of law (common law, civil law or any jurisdiction of your choice) in RAK International company.
- RAK ICC will provide you a bank account in the UAE
REQUEST A CALL BACK.
Would you like to speak to one of our Business Setup Consultants over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer